HomeMy WebLinkAboutResolution No. 3570 (Disposition Offering Price Salvation Army Building)RESOLUTION NO. 3570
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. 3570
Property Size Minimum Offering
Price Proposed Use
510 S. Main Street and 114
Monroe.
018-3017-0618
018-3017-0620
018-3017-0621
018-3017-0622
018-3017-0623
018-3017-0615
Site:
76,230 SF +- $671,500.00
Projects that are permitted
within the DT Downtown
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.