HomeMy WebLinkAboutNo. 0552 approving fair market value of real estate and approving the reviewing appraiser's report in the Downtown Urban Area in Project IN R-66RESOLUTION NO. 552
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RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
GOVERNING BODY OF THE DEPARTMENT OF REDEVELOPMENT OF THE
CITY OF SOUTH BEND APPROVING FAIR MARKET VALUE OF REAL
ESTATE 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 Ralph C.
Michaels, M.A.I., S.R.E.A. 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 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 of the parcels listed in Exhibit "A" attached hereto and
made a part hereof is established as shown in the reviewer's said written
report and all documentation related to such determination is contained
in the local Public Agency files.
Adopted at the Regular Meeting of the South Bend Redevelopment
Commission, held on May 19, 1978, in the Office of the Commission,
Room 1200, County -City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
ATTEST:
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A. Peter Donal so Secretary
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
F. a Nimtz, Pres dent