HomeMy WebLinkAboutVacate - Hull St running between Frances & Eddy St ORDINANCE No. 7938-88
Passed by the Common Council of the City of South Bend, Indiana
November 28, x988
Attest: ° "'�"`� " `� City Clerk
IRENE K. GAMMON
Attest: - _
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana _
November 29 19 88
�`--
City Clerk
IRENE K. GAMMON
Approved and signed by me toJ4 b 799 ig
�'" Mayor
ORDINANCE NO. T1 /6 -
AN ORDINANCE TO VACATE THE FOLLOWING DESCRIBED
PROPERTY: HULL STREET RUNNING BETWEEN FRANCES
AND EDDY STREET
STATEMENT OF PURPOSE AND INTENT
Pursuant to Indiana Code Section 36-7-3-12, the Common Council is
charged with the authority to hear all petitions to vacate public ways or
public places within the City.
The following ordinance vacates the above described public property. n
NOW, THEREFORE, BT IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND, INDIANA, as follows:
SECTION I. The Common Council of the City of South Bend, having held a
public hearing on the petition to vacate the following property:
Hull Street running between Frances Street and
Eddy Street
hereby determines that it is desirable to vacate said property.
SECTION II, The City of South Bend hereby reserves the rights and
easements of all utilities and the Municipal City of South Bend, Indiana to
construct and maintain any facilities, including, but not limited to, the
following: electric, telephone, gas, water, sewer, surface water control
structures and ditches, within the vacated right-of-way, unless such rights
are released by the individual utilities.
SECTION III. The following property may be injuriously or beneficially
affected by such vacating:
Lots 12,13,14,15,16,17,18,20,21,22,23,24,25,26,27,28
SECTION IV. The purpose of the vacation of the real property is to:
Construct a townhome project on the said street and the adjacent
property.
SECTION V. This ordinance shall be in full force and effect from and
after its passage by the Common Council, approval by the Mayor.
OOP
ember of the Common Council
•
PETITION TO VACATE PUBLIC RIGHTS--OF -WAY
(STREETS AND ALLEYS)
•
•
TO THE COMMOII COUNCIL DA E
10/25/88
OF THE CITY OF SOUTH BEND, INDIANA .
WE, THE UNDERSIGNED PROPERTY OWNER(S) , PETITION YOU TO VACATE: •
A. THE ALLEY DESCRIBED AS:
The (at/2nd) (ennt-wentAnorth-eouthf ALLEY (eneb/went/north/south) of
SinU T, RUNNING (ennt/went,tnorttvnouth) FROM
STREET, FOR A DISTANCE OF APPROXIMATELY FEET
TO:
ALL IN
B. THE STREET DESCRIBED AS:
Hull __ STREET, FIIUI Frances STREET,
RUtItIIt G ens /went/north/nOgW TO B STREET, FOR A
UISTAUCE OF APPROXIMA'T'ELY V V FEET
NANO (printed And aimed). ADDRESS LOT tl
Christopher J. Matteo 4104 St. Andrews Circle, 12 and South 1/2
of 13
.1, fa Apartment 2C
if Mishawaka, IN 46545
•
Taripp Development Corporation 807 E. Jefferson 11, North 1/2 of
BY: , ;, _ South Bend, IN 46617 13 and 14-20
•
CONTACT PERSON:
IRENE GAMMON
Christopher J. Matteo
•
•
•
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A P P R A I S E —A L L
c
Cs III 1:2 et ma y
October 21, 1988
Mr. Chris Matteo
807 E. Jefferson Blvd.
South Bend, IN 46617
Re: Vacation of Hull Street
South Bend, Indiana
Dear Mr. Matteo:
At your request, on October 18, 1988, I appraised the
property known as Hull Street, being 40 feet in width and
390 . 15 feet in length, running between North Eddy Street and
North Frances Street, in the northeast quadrant of South
Bend, Indiana.
Hull Street has the appearance of an alley for the
eastern one-half. The western half of the right-of-way is
unimproved and does not appear to have been used for several
years. Also, overhead electric and telephone lines
traverses the entire length of the right-of-way.
In my opinion, the only value the Hull Street
right-of-way has would be the access to adjacent properties
or to expand the land size of the adjacent properties. It
is not reasonable to assume that this narrow strip of land
would have any potential for development, particulary with
the utility lines running the length of it.
The real estate in the immediate area consists of fair
to average homes and businesses, 40 plus years in age, and
having traditionally low to fair market potential.
Other than St. Joseph Medical Center' s complex one
block to the west, no new development has occurred in this
area in recent years.
922 E. JEFFERSON BLVD. , SOUTH BEND, IN 46617 (219) 232-3660
Page Two
Appraisal
Mr. Matteo
Other similar vacant land in the perimeter surrounding
the Central Business District has sold for ten cents to
twenty cents per square foot. Given the above described
liabilities to this property, namely, the utility lines and
the narrowness of the strip of property, its value would
fall in the lower end of the range.
Therefore, in my opinion, the value of the subject
property being 40 feet by 390. 15 feet for 15, 606 square feet
times twelve cents per square foot is $1, 872. 72, rounded to:
ONE THOUSAND NINE HUNDRED ($1 , 900.00) DOLLARS
ASSUMPTION AND LIMITING CONDITIONS
The property rights being appraised are those of fee simple
ownership. The appraiser assumes no responsibility for
matters legal in nature, and does not render opinion of
title, which is assumed to be marketable.
Information furnished by others is believed reliable and has
been verified where possible, however, this data is not
warranted.
The undersigned appraiser certifies that he has no interest,
present or prospective, in the subject matter of this
appraisal; that the amounts as shown above are, in his
opinion, a fair market value of the property described
herein, subject only to such exceptions as may be set out in
writing above, and that no survey of the subject property
has been made by him, and that he assumes that the buildings
are properly located within the property lines and that the
zoning regulations to which the real estate may be subject
have not been violated.
Respectfully submitted,
Bernard F. Diedrich, CRA, CCIM
BFD/tlk
ginntmtttrr arpnrt
Mo the Tomuu n (tomtit of tip Q ttg of*mill Send:
Your Committee of the Whole
to whom was referred
BILL NO.
101-88 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: HULL
STREET RUNNING BETWEEN FRANCES AND EDDY STREET.
Respectfully report that they have examined the matter and that in their opinion
This bill should be recommended to the Council favorable.
Thomas Zakrzewski
Chairman
FREE PRESS aStais PUBLISHING CO.