HomeMy WebLinkAboutResolution No. 3522 (Disposition Offering Price 416-428 W LaSalle)RESOLUTION NO. 3522
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION ESTABLISHING THE OFFERING PRICE OF
PROPERTY IN THE RIVER WEST DEVELOPMENT AREA
WHEREAS, the South Bend Redevelopment Commission (the “Commission”),
the governing body of the City of South Bend, Indiana, Department of Redevelopment,
exists and operates pursuant to I.C. 36-7-14 (the “Act”); and
WHEREAS, the Commission may dispose of real property in accordance with
Section 22 of the Act; and
WHEREAS, the real property identified at Exhibit A attached hereto and
incorporated herein (the "Property") has been appraised by two qualified, independent,
professional real estate appraisers and a written and signed copy of their appraisals is
contained in the Commission’s files; and
WHEREAS, each such appraisal has been reviewed by a qualified
Redevelopment staff person, and no corrections, revisions, or additions were requested
by such reviewer.
NOW, THEREFORE, BE IT RESOLVED by the Commission, pursuant to Section
22 of the Act, that based upon such appraisals, the offering price of the Property
described at Exhibit A is hereby established as stated therein, which amount is not less
than the average of the two appraisals, and all documentation related to such
determination is contained in the Commission’s files.
IT IS FURTHER RESOLVED that all notices and other actions required by
Section 22 of the Act be performed in order to effectuate the disposal of the Property.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on
September 10, 2020, at 1308 County-City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
____________________________
Marcia I. Jones, President
ATTEST:
____________________________
Donald E. Inks, Vice-President
EXHIBIT A
TO RESOLUTION NO. 3522
Property Size
Minimum Offering
Price
Proposed Use
416 - 428 W. LaSalle Ave.
018-1023-0990
018-1023-0992, 0993, &
0994
018-1023-0990, 0992,
0993, & 0994
Site:
2,980 sf +/-
29,498 sf +/-
32,478 +/- sf
$3,000
$155,500
$171,500
Projects that are
permitted within the
Neighborhood Center
zoning designation.
Strong emphasis will be
placed during the review
process on compatibility
with and support of the
goals and objectives of
the River West
Development Area and
the surrounding
businesses and
neighborhood.