HomeMy WebLinkAboutNo. 0571 approving fair reuse value of land, approving the reviewing appraiser's report in the Downtown Urban Area in Project IN $-66RESOLUTION NO. 571
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
GOVERNING BODY OF THE DEPARTMENT OF REDEVELOPMENT OF
THE CITY OF SOUTH BEND APPROVING FAIR REUSE VALUE OF
LAND AND APPROVING THE REVIEWING APPRAISER'S REPORT
IN THE DOWNTOWN URBAN AREA IN PROJECT IND. R -66
WHEREAS, the parcels of land listed on the attached Exhibit
"A" have been appraised by two qualified, independent, professional
real estate appraisers and a written and signed copy of the appraisal
is contained in the Local Public Agency files; and
WHEREAS, each such appraisal has been reviewed by Nicholas
C. Jannatta & Associates, LTD., and all corrections, revisions, or
additions requested by such review have been duly made by the original
tr appraiser, and
WHEREAS, the reviewer has prepared a written report which
indicates that the appraisals are complete and consistent in the factual
data contained therein, comply with existing statutory and administrative
requirements of the U.S. Department of Housing and Urban Development 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 reuse indicated of the
parcels listed in Exhibit "A" attached hereto and made a part thereof
is established as shown thereon and all documentation related to such
determination is contained in the Local Public Agency files.
Adopted at the Regular Meeting of the South Bend Rede-
velopment Commission, held on the 2nd day of February, 1979, in the
Office of the Redevelopment Commission, Room 1200, County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
ATTEST:
kw (SEAL)
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
nalnon, Secretary
9
kil
PROJECT INDIANA R -66
CENTRAL DOWNTOWN AREA
FAIR REUSE
APPROXIMATE VALUE PER
PARCEL NO. SQUARE FEET SQUARE FOOT
4 -1 48,786 $3.00
4-31
4 -32
18,036
66,162
$3.00
$3.00
EXHIBIT "A"
APPROXIMATE
nriicr
$146,358
$ 54,108
$198,486
PROPOSED
REUSE
Commerical/
Service Commercial/
Parking Reuse
Commercial/
Service Commercial/
Parking Reuse
Commercial/
Service Commercial
Parking Reuse