HomeMy WebLinkAbout5C2 Resolution No. 3525 (Disposition Offering Price 2520 Mishawaka Ave)RESOLUTION NO. 3525
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION ESTABLISHING THE OFFERING PRICE OF
PROPERTY IN THE RIVER EAST 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
October 08, 2020, at 1308 County-City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
____________________________
Marcia I. Jones, President
ATTEST:
____________________________
Quentin M. Phillips, Secretary
EXHIBIT A
TO RESOLUTION NO. 3525
Property Size
Minimum Offering
Price
Proposed Use
2520 Mishawaka Ave.
018-6034-1071
018-6034-1074
10,428 sf +/-
$67,500
Projects that are
permitted within the
Urban Neighborhood Flex
zoning designation.
Strong emphasis will be
placed during the review
process on compatibility
with and support of the
goals and objectives of
the River East
Development Area, the
surrounding businesses
and neighborhood, and
the property’s local
historic designation.