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HomeMy WebLinkAboutResolution No. 3569 (Disposition Offering Price Masterbilt 18 Chestnut)RESOLUTION NO. 3569 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ESTABLISHING THE OFFERING PRICE OF PROPERTY IN THE WEST WASHINGTON CHAPIN 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. 3569 Property Size Minimum Offering Price Proposed Re-Use 18 Chestnut – Vac Lot 50 x 120 / 18 VAC L34 6x20 Walnut 018-3076-3059 018-3076-305301 Site: 4,397 SF +- 120 SF +- $1,930 Projects that are permitted within the U1 Urban Neighborhood zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the goals and objectives of the West Washington Chapin Development Area and the surrounding businesses and neighborhood.