HomeMy WebLinkAboutResolution No. 3537 (Disposition Offering Price 1210, 1214 and 1220 South Bend Avenue)RESOLUTION NO. 3537
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
September 9, 2021.
SOUTH BEND REDEVELOPMENT
COMMISSION
____________________________
Donald E. Inks, Vice-President
ATTEST:
Signature
Name Printed
Title
Troy Warner
Secretary
EXHIBIT A
TO RESOLUTION NO. 3537
Property Size
Minimum Offering
Price
Proposed Use
1210 South Bend Avenue,
South Bend, IN 46617
1214 South Bend Avenue,
South Bend, IN 46617
1220 South Bend Avenue,
South Bend, IN 46617
.14 Acres +/-
6,100 Sq. Ft. +/-
$16,850
The future use of these
properties must be
compatible with the goals
and objectives of the
River East Development
Area Plan as well as the
planning and urban
design principles within
the Northeast
Neighborhood Plan.