HomeMy WebLinkAboutResolution No. 3568 (Disposition Offering Price LWW.Leland.Marion)RESOLUTION NO. 3568
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
January 26 2023, at 1308 County-City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
____________________________
Marcia I. Jones, President
ATTEST:
____________________________
Vivian Sallie, Secretary
EXHIBIT A
TO RESOLUTION NO. 3568
Property Size Minimum Offering Price Proposed Re-Use
Multiple Properties
Lincoln Way West
/ Marion / Leland
018-1021-0868
018-1021-0869
018-1055-2342
018-1055-2366
018-1055-2365
018-1055-2352
018-1055-2359
018-1055-2354
018-1055-2355
018-1055-2358
018-1055-2357
018-1055-235601
018-1055-2356
Site:
55,313 SF +-
$72,952
Projects that are permitted
within the NC 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.