HomeMy WebLinkAboutNo. 0646 approving the fair re-use value of land in the Monroe Sample Development Areaa+w
RESOLUTION NO. 646
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR RE -USE VALUE OF LAND IN THE MONROE-
SAMPLE DEVELOPMENT AREA
WHEREAS, the parcel of land listed on the attached Exhibit "A" has been
appraised by two qualified, independent, professional real estate appraisers
and a written and signed copy of the appraisal is contained in the Commission
files; and
WHEREAS, each such appraisal has been reviewed by qualified Redevelopment
y staff and all corrections, revisions, or additions requested by such review
have been duly made by the original appraiser; and
WHEREAS, the reviewer has prepared a written report which indicates that
the appraisals are complete and consistent in the factual data contained there-
in, comply with existing statutory and regulatory requirements and are acceptable
for the determination of fair value.
NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission,
Governing Body of the City of South Bend Department of Redevelopment, that based
upon such appraisals and the review thereof, the fair value for the re -use indi-
cated of the parcel listed in Exhibit "A" attached hereto and made a part there-
of is established as shown thereon and all documentation related to such deter-
mination is contained in the Commission files.
Adopted at the Regular Meeting of the South Bend Redevelopment Commission,
held on the 25th day of September, 1981, in the Office of the Redevelopment
Commission, Room 1200, County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
F. Jay Ni tz, President
ATTEST:
A. Peter onaldson, Secretary
(SEAL)
�q
RESOLUTION NO. 646
EXHIBIT "A"
MONROE- SAMPLE DEVELOPMENT AREA
DISPOSITION
PARCEL NO.
1
APPROXIMATE
SQUARE FEET
85,100
RE -USE
VALUATION
$9,913
PROPOSED
RE -USE
Light Industrial
9.25.81