HomeMy WebLinkAbout5A1 Resolution No. 3594 (Twenty-Seven Vacant Lots NNN)PURPOSE OF REQUEST: Establishing Offering Price
27 Scattered Vacant Lots
Specifics: Attached is a resolution establishing the offering price of property in the River West
Development Area for the disposition of 27 currently vacant lots in the Near Northwest
Neighborhood.
The minimum offering price of $73,849 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: 03/8/24
FROM: Joseph Molnar
SUBJECT: Establishing Offering Price
Which TIF? (circle one) River West;River East;South Side;Douglas Road;West Washington
3-14-24
X
RESOLUTION NO. 3594
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
March 14, 2024 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. 3594
Offering Sheet
Property Size Minimum Offering Price Proposed Re-Use
27 Vacant Lots in the Near
Northwest Neighborhood
71-08-02-335-005.000-026
71-08-02-334-013.000-026
71-08-02-335-008.000-026
71-08-02-334-015.000-026
71-08-02-451-002.000-026
71-08-02-333-012.000-026
71-08-02-333-008.000-026
71-08-02-333-006.000-026
71-08-02-332-025.000-026
71-08-02-332-026.000-026
71-08-02-332-029.000-026
71-08-02-332-030.000-026
71-08-02-332-032.000-026
71-08-02-476-022.000-026
71-08-02-476-020.000-026
71-08-02-476-015.000-026
71-08-02-476-014.000-026
71-08-02-476-010.000-026
71-08-02-476-011.000-026
71-08-02-476-012.000-026
71-08-02-476-009.000-026
71-08-02-476-008.000-026
71-08-02-454-023.000-026
71-08-02-454-034.000-026
71-08-02-454-035.000-026
71-08-02-454-036.000-026
71-08-02-454-038.000-026
Site:
Lots are
of various
size, all
former
small
scale
residential
$73,849
Projects that are permitted
within the U2 Urban
Neighborhood 2 and U1
Urban Neighborhood 1
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 must
placed on all lots.