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HomeMy WebLinkAbout5A1 Resolution No. 3599 (Disposition Offering Price Former Claeys)_signedPURPOSE OF REQUEST: Establishing Offering Price Former Claeys Candy Building Specifics: Attached is a resolution establishing the offering price of property in the River West Development Area for the disposition of the former Claeys Candy Building at 525 S. Taylor Street. The minimum offering price of $382,000 is the average of two appraisals by qualified, independent, professional real estate appraisers. Staff requests approval of the offering price for the eventual disposition of this property. INTERNAL USE ONLY: Project Code: ; Total Amount new/change (inc/dec) in budget: ; Break down: Costs: Engineering Amt: ; Other Prof Serv Amt ; Acquisition of Land/Bldg (circle one) Amt: ; Street Const Amt ; Building Imp Amt ; Sewers Amt ; Other (specify) Amt: . Going to BPW for Contracting? Y/N Is this item ready to encumber now? Existing PO# Inc/Dec $ Pres/V-Pres ATTEST: Secretary Date: APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Redevelopment Commission Agenda Item DATE: 04/11/24 FROM: Joseph Molnar SUBJECT: Establishing Offering Price Former Claeys Which TIF? (circle one) River West;River East;South Side;Douglas Road;West Washington X 4.11.24 RESOLUTION NO. 3599 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 April 11, 2024 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ____________________________ Marcia I. Jones, President ATTEST: ___________________________ David Relos, Commissioner EXHIBIT A TO RESOLUTION NO. 3599 Offering Sheet Property Size Minimum Offering Price Proposed Re-Use 525 S. Taylor Street South Bend IN 46601 018-3043-1650 018-3043-1653 Site: Former Candy Factory approximately 26,134 sq. ft. $382,000 Projects that are permitted within the I Industrial Zoning Districts 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. Bids will only be considered if all lots are bid on.