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HomeMy WebLinkAbout#2576- Deed; PURCHASE AGREEMENT 1711 MariettaPURCHASE AGREEMENT THIS AGREEMENT, entered intoLlday of Sandra L. Pfaller, 1994, by and between here-na'fter referred to as the "Buyer," and the Civil City of South Bend, a municipal corporation of the State of Indiana, hereinafter referred to as the "City." WITNESSETH: WHEREAS, I.C. 36-1-11 establishes the procedures for the sale and rental of real property owned by the City of South Bend; and WHEREAS, the Board of Public Works (hereinafter referred e ferreda to as the "Board") ) is empowered to carry out the provisions sCatute: anti WHEREAS, the Board has determined that: 1. The highest and best use of certain real property owned by the City is by sale to an abutting landowner; 2. The cost to the public of maintaining said real property owned by the City equals or exceeds the established fair market value of said real property; 3. It is economically unjustifiable to sell real property owned by the City in accordance with the procedures set forth in I.C. 36-1-11-4. WHEREAS, the Board has determined that the assessed value of said real property is less than TWO THOUSAND DOLLARS ($2,000); and WHEREAS, the Board appointed a licensed independent appraiser who appraised the particular real property; and WHEREAS, based upon the appraisal submitted, the Board has established an offering price for the said property, and published notice of its intention to sell said property at said price; and WHEREAS, pursuant to I.C. 36-1-11-5, the Board is empowered to negotiate and sell said real property to the abutting landowner who submits the highest offer for said real property; and WHEREAS, the offer of the Buyer in the amount of Three offered and accepted as Hundred and Ten Dollars ($310.00), was the best offer for said property. NOW, THEREFORE, it is aderadby tion ofdthetween the parties promises and the hereto, and for and in cons mutual covenants herein contained, as follows: 1. The City agrees to sell and Buyer agrees to buy the following property located in St. Joseph County, Indiana: Key # : 18--7047--18*6,.. Lots 72 & 73 33 FT MID PT EA H. STUDEBAZ,ERS 1ST, more comrnonlY known as 1711 Ma=letCa Street. for the sum of $310.00. 2. Buyer agrees to pay the purchase price and recording fee in full at the time of closing. 3 Buyer agrees to pay all title and abstract costs involved in said transaction which it shall desire or request. 4. At the time to closing and after a submission of a receipt for the total purchase price has been submitted by the Controller to the Board of Public Works, the Board shall cause a Quit -Claim deed to be prepared, which deed shall be signed by the Mayor and attested to by the City Clerk with the Seal of the City affixed, which shall then be recorded with the St. Joseph County Recorder's Office. 5. That the City shall reserve a perpetual easement in, upon, over and under said real property for the purpose of installing, constructing, operating, patrolling, maintaining, repairing, revising, renewing, removing and replacing a sewer system, its pipes, lines and other facilities, together with the right of ingress and egress over said real property adjoining said easement when necessary to install, construct, operate, patrol, maintain, repair, revise, renew, remove and replace said sewer, p11>esr lines and other 7acilities and equipment incident thereto. 6. That said easement and associated benefits and obligations shall constitute covenants running with said real estate, and shall be binding upon the said Buyer and be an obligation thereof of every person or entity now or hereafter having any fee, lease -hold or other interest in all or any part of said real estate. 7. That said easement shall bind and inure to the benefit of the respective successors and assigns of the parties thereto. BUYER: CITY OF SOUTH BEND BY ITS BOARD OF PUBLIC WORKS rJ i andra L. P'fA116J i (_Yhn E. Les:zcynAY, President Mes R`--2aldwell, - Member Jenny Pit s Manier, Member ATTEST: dr- P-arm e� Clerk Board of Public Works Date: c:\dccs\purpfa11.ab PURCHASE AGREEMENT THIS AGREEMENT, entered into day of , 1994, by and between Sandra L. Pfaller, hereinafter referred to as the "Buyer," and the Civil City of South Bend, a municipal corporation of the State of Indiana, hereinafter referred to as the "City." WITNESSETH: WHEREAS, I.C. 36-1-11 establishes the procedures for the sale and rental of real property owned by the City of South Bend; and WHEREAS, the Board or Public Works (hereinafter referred to as the "Board") is empowered to carry out the provisions of said .4'CS tt3t ei ztnC1 WHEREAS, the Board has determined that: 1. The highest and best use of certain real property owned by the City is by sale to an abutting landowner; 2. The cost to the public of maintaining said real property owned by the City equals or exceeds the established fair market value of said real property; 3. It is economically unjustifiable to sell real property owned by the City in accordance with the procedures set forth in I.C. 36-1-11-4. WHEREAS, the Board has determined that the assessed value of said real property is less than TWO THOUSAND DOLLARS ($2,000); and WHEREAS, the Board appointed a licensed independent appraiser who appraised the particular real property; and WHEREAS, based upon the appraisal submitted, the Board has established an offering price for the said property, and published notice of its intention to sell said property at said price; and WHEREAS, pursuant to I.C. 36-1-11-5, the Board is empowered to negotiate and sell said real property to the abutting landowner who submits the highest offer for said real property; and WHEREAS, the offer of the Buyer in the amount of Three Hundred and Ten Dollars ($310.00), was offered and accepted as the best offer for said property. NOW, THEREFORE, it is agreed by and between the parties hereto, and for and in consideration of the promises and the mutual covenants herein contained, as follows: 1. The City agrees to sell and Buyer agrees to buy the following property located in St. Joseph County, Indiana: Key #: 18-7047-1842.01. Lots 72 & 73 33 FT S. END PT EA H STUDEBAKERS 1ST, more commonly known as 1713 Marietta for the sum of $310.00. 2. Buyer agrees to pay the purchase price and recording fee in full at the time of closing. Buyer agrees to pay all :d in said transaction which title and abstract costs it shall desire or request. 4. At the time to closing and after a submission of a receipt for the total purchase price has been submitted by the Controller to the Board of Public Works, the Board shall cause a Quit -Claim deed to be prepared, which deed shall be signed by the Mayor and attested to by the City be recordedrwithtthehSt�eal of JosephtCountyy affixed, which shall then Recorder's Office. 5. That the City shall reserve a perpetual easement in, upon, over and under said real property for the purpose of installing, constructing, operating, patrolling, maintaining, repairing, revising, renewing, removing and replacing a sewer system, its pipes, lines and other facilities, together with the right of ingress and egress over said real property adjcining said easement when necessary to install, construct, and oreplaCe/said maintain, repa3-x', revises, renew, sewer, pipes, lines and other facilities and equipment incident thereto. 6. That said easement and associated benefits and obligations shall constitute covenants running with said real estate, and shall be binding upon the said Buyer and be an obligation thereof of every person or entity now or hereafter having any fee, lease -hold or other interest in all or any part of said real estate. 7. That said easement shall bind and inure to the benefit of the respective successors and assigns of the parties thereto. BUYER: n ' Sandra `L. PfaL'lex c:\docs\purpfa12.ab 0 CITY OF SOUTH BEND aY ITS__ BOAF& , OW PUBLIC 2hn E. Leszcy ames R aldw ii Jenny P'tts Ma ATTES ,President e11,/ Member 2 nier, Member .P-,-CIerk Board of Public Works Date • r L� ICACI `� LAND APPRAISAL REPORT Mao R 18-7047-1842.01 Property Address 1713 Marietta City' South Bend County St. t Legal Description Lots 72 & &3 33 Ft b-EK Pt Ea H Stude Sale Price S Date of Sale Loan Term Actual Real Estate Taxes $ (yr) Loan charges to be paid by seller: Lender/Client Ci ty of South Bend IN/Board of Public Works A Occupant Vacant Appraiser Carpenter rs Property Right Other sales Instructions to Appraiser raised FXI Fee r] Leasehold DeMinimis PUD e Location ® Urban ❑ Suburban- ❑ Rural co°d ❑ A,, (0 r,,, ❑ P° ❑ Built Up ® Over 75% ❑ 25% to 75% ❑ Under 25% Employment Stability Employment ❑ ® ❑ ❑ Growth Rate ® Fully Dev. ❑ Rapid ❑ Steady ❑ Slow Convenience to ❑ ® Property Values ❑ Increasing ❑ Stable Declining Convenience to Shopping Schools ❑ ❑❑ Demand/Supply ❑ Shortage (] In Balance ❑ Over Supply Convenience to Public Transportation ❑ © ❑ ❑ Markestingting Time me ❑Under 3 Mos. ❑ 4-6 Mos. Over 6 Mos. Adequac of y ® ❑ ❑ • Present Land Use 100% 1 Family _% 2-4 Family,% Apts, _% Condo —% Commercial Recreational Facilities ❑ ❑ ® ❑ ❑ + • _% Industrial_% Vacant �% Use Not Likely ❑ Likely ('1 ❑ Taking Place ('I Adequacy of Utilities Property Compatibility ❑ ❑ ❑ 91 Change in Present Land Protect ion from Detrimental Conditions ® ❑ Cl • 1'1 From To Frodon.�nr,n. OcCYPOIICY � o,,,, p Tin % vncnnt S,ngrc rnrriny Price Range s 9,000 to S 36,000 r Predominant Value $ 30,000 Pollcu and Fire Protection General Appearance of Properties �Appeal 0 El❑ ® '� 0 Single Family Age 20 yrs to 100 yrs Predominant Age 70 yrs to Market Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise) Sub ' ect ro ert has 33' x 80' dimensions - 2,640 s . ft. - which would appear to be able to be built upon, however, limitation of structure size will be due to set back requirements. Dimensions 33' x 80' = 2640 Sq. Ft- or Acres ❑ Corner Lot Zoning classification B - Residential Present improvements ❑ do ❑ do not conform to zoning regulations . Highest and best use: ❑ Present use ❑Other (specify) Single Family Public Other (Describe) OFF SITE IMPROVEMENTS Topo Average Elec. R1 Street Access: KI Public Private Size Poor Gas Surface Paved Shape Rectangle Water ® Maintenance: ® Public ❑ Private View Urban San.Sewer ® KI Storm Sewer K] Curb/Gutter Drainage Avera e ❑Underground Elect. &Tel,1 M Sidewalk KI Street Lights Is the property located in a HUD Identified Special Flood Hazard Areal ®No DYes Comments (favorable or unfavorable including any apparent adverse easements, encroachments or other adverse conditions) PrODerty appears to have no adverse easements The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The descrip- tion includes a dollar adjustment, reflecting market reaction to those items of significant variation between the subject and comparable properties. if a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus 1-) adjustment is made, thus reducing the indicated value of subject: if a significant item in the comparable is inferior to, or less favorable than, the subject property, a plus (1) adjustment is made, thus increasing the indica- ted value of the subject. ITEM Subject Property COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 lCaley St. between Address 1713 Marietta 606 Wenger 829 W. Calvert LWW and Humboldt Proximit to Sub'. 5 Blocks 14 Blocks Sales Price _ 5 1 000 $ S 400 `�_ $ 1 000 ;$.075758/sgf 'S .189/sqft S.190/sgft Price _ $ Date of Sale and Time Adjustment iew DESCRIPTI Urban/Fair 33 x 80/Ave ISales or Financing Concessions Net Adj. (Total) Indicated Value of Subiect _ Comments on Market Data crihin0t DESCRIPTION _ Adjustment DESCRIPTION a(-15 Adjustment DE�9a5 T40N A*i 25�ent 1980 ' + 500 1990 Urban/Fair I Urban/Fair I Urban Ave. t - 250 40 x 132/Ave. - 700 I 50 x 132/Ave. 1 - 900 40 x 132 Ave. -700 I l l I t � I ` l � I 900 } l ' 700 ❑ Plus; ❑x Minus S ] Plus;- ®Minus �$ 200 Plus; 0 Minus IS t ' 200 11$ 100 1$ 300 -t Ura to t x resSOS a value fr 7 is which cir 7 Comments and Conditions of Appraisal: 1 11 1 5 I V 11 1 J to be tatted rior to t7une 1949 this of can be develo ed _ALMn alley will limit the size -width of the structure. Final Reconciliation: As identified in the site/view adjusted to reflect the development limitation. Sub ect reflects #2 more than #1 and i ESTIMATE. THE MARKET VALUE, AS D INED, OF SUBJECT PROPERTY AS OF 5 20 19 94 to be $ t J f / ,, j/ z /' I ,14'Vr ` R A raiser (l( applicable) evrew PP j� nirf 0 Did Not Physically Inspect Property �ty •''S�i�i•.� y�15 i'a 1 i., 1713 MARIETTA rv�ec r,u . i u'i"' 1713 MARIETTA rv�ec r,u . i u'i"' LJ rius: tJ rvtmus la rlus; iylinus �b i vv L� rius: ^ tv�5nu! p L L^I — Indicated Value � :$ t}00 'i� 300 � �$ 50o .� I� of Subject The market data expresses a value far lots which are all larger than y comma ,4o M�,ko�n�„ sub j ect. Comments and Conditions of Appraisal: Subject is zoned for multi -family develwhich would ermit only 40% of the lot upon which coverage can take place. The ultimate 1056 s . ft. would create a ood single family. It would limit multi-family,thus its highest and best use is single family. Final Reconciliation: The size of the lot and its 1 im' d d 1nwP5t Prtimate. AXIM004--04. ,'-REAL PRnr,E_RTY ".'Al_.1_EATICIN ,AXIM004-04 r j Inquiry :t ^ ,,� Viewing tY I? M LAND INFROV A S3ES ��SES t I 'r t.Il ,ICI UTH BEND/ +3(,)APD ti; 1= iJ3L :( 0l_E I\j i Y- '" T Y u L UU1'i d i3i i\1C1, TN . I_l I'MPR0VEME.NI A'-�SES CHAT E. PEAL P P cj r---•....... <ESC> when clone Vie r: lIns:;l_a:ir•r or-i i-y :----_�------__••--- --- --'_---- •- Ty [? E `i C l' �.._-.._.� r . C. IP'I' �IN ,I BEND, IN E ASSESS 7A7 E / u I1 �i,^,^ A'5 - ESS =OURC E: }) F�EMAE:KS : �l , PREY LAND VALUE: i! JlE_[JE: ;j (Di._, ,l ar Only) r f F ? S iL 1 12 n'a T r, f o r" rn H:; i, i ii..;- L?�c=r t�ll�f 1rJrY r ik7j> Other - Indicated Value No-f Subject _= —L::�� $ 400 i$ 300 The market data expresses a value for lots which are sub 'E Comments and Conditions of Appraisal: Subject is zoned for m - which would upon which coverage can take place. The ultimate 1056 s . ft. would create a_good si 11 I� 500 larger than it only 4096 of the lot family, It would LAND APPRAISAL REPORT Referenc 'roperty Address 1711 Marietta Zi code .4 city South Bend County St. Joseph State IN Legal Description Lots 72 & 73 33 Ft Mid Pt Ea H StudebaK- 1st raised . Fee Leasehold Sale Price $ Date of Sale Loan Term yrs Property Rights Appraised Actual Real Estate Taxes S (yr) Loan charges to be paid by seller $ Other sales concessions Landerlclient City of South Bend IN/Board of Public Work Address Occupant Vacant Appraiser Carolenter Instructions to Appraiser Market Udl Ue '047-1842 3 DeMinimis PUD Location 0 Urban ❑ Suburban, ❑ Rural Under 25% 75% ner Employment Stability C7­d El r..° ❑ Built Up ® Over 75% ❑ 25% to ❑ Slow Convenience to Employment ❑ LR ❑ ❑ Growth Rate ® Fully Dev. ❑ Rapid ❑ Steady � Declining Convenience to Shopping ❑ ® ❑ ❑ ❑ Property Values ❑ Increasing ❑ Stable P Y ❑ Over Supply Convenience to Schools ❑ ❑ g ❑ In Balance DemandlSupply ❑ Shortage X Mos. ❑ 4-6 Mos. ® Over 6 Mos. Adequacy of Public Transportation ❑ ❑ ❑ ❑ Cl Marketing Time ❑ Under 3 Family 2-4 Family Apts. _% Condo `% Commercial Recreational Facilities ❑ ❑ ® ® ❑ ❑ Present Land Use 1 00% 1 _% _% Adequacy of Utilities _% Industrial_% Vacant°� ❑ Taking Place l'1 Likely ❑Likely f'1 Property Compatibility ❑ ❑ IN ❑ ❑ ❑ Change to Present Land Use [� Not Protection from DetrimentalConditions ❑ f � jFrom TO x. Vaeen Patica ontl Fira Protection ® 7) 0 _ Q Tonent Pra�am,nnnr dccuvencv �� S 9,000 S 36,000 Predominant Value $30 , 000_ General Appearance of Properties ❑ ❑ Single Family Price Range to 20 to 100 yrs Predominant Age 70 yrs Appeal to Market Single Family Age yrs Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise) Sub ' eel be to be built pro ert u on has 33' x 80' dimensions - 2,640 s . ft. - which would appear to able however, limitation of structure size will be due to set back requirements. 33' X 80' = 2640 Sq. Ft. or Acres ❑ Corner Lot Dimensions B - Residential Present improvements ❑ do ❑ do not conform to zoning regulations . Zoning ctassification Highest and best use: ❑ Present use ❑Other (specify) Single Fami 1 Average Public Other (Describe) OFF SITE IMPROVEMENTS Topo Elec. ® Street Access: Publ,c Private Size Poor Rect n 1 e Gas © Surface Paved Shape Water Maintenance: ® Public ❑ Prtvate View Urban San.Sewer ❑x fXJ Storm $.we. Curb/Gutter Drainage Average HUD Identified Special Flood HazardArea7�No�Yes ❑ Underground Elect. &Tel Sidewalk Street Lights Is the property located ina V Comments (favorable or unfavorable including any apparent adverse easements, encroachments or other adverse conditions) The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The descrip- tion includes a dollar adjustment, reflecting market reaction to those items of significant variation between the subject and comparable properties. It a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus () adjustment adjustmentt sum de, thus increasthe ecated n9 the value subject; if a significant item in the comparable is interior to, or less favorable_ than, the subject property, a p 1 ted value of the subject. COMPARABLE NO. 3 COMPARABLE NO. 1t COMPARABLE NO. Z ITEM Subject Property Kaley St. between Address 1711 Marietta 606 Wenger 9W. Calvert I-WW H Sales Price Price/sq- ft. Date of Sale and DESCRIPTIO Time Adjustment I_ncation 33 x 8 Sales or Financing Concessions Net Ad . (Total) Indicated Value of Subject G c�mmo.+tc on Marlcot tJ to • h SUbYe t. 400 ` S S .1901sgft r$.075758/sq .189/sgft MLS {_ Aditlstment DESCRIPTION Adjustment DE19B5PTYOf`t Adjustment DESCRIPTION + 25 t 1980 + 500 1990 Urban Ave. I - 250 Urban/Fair t Urban/Fair 50 132/Ave. I - 700 40 x 132 Ave. - 500 40 x 132/Ave. - 500 I I x •-t ' ! t I I I • 1 I i t 0 ❑ Minus Plus., ©Minus I t I !S 700 ' ! I t ❑ Plus; X Minus 500 1 ❑ Plus; i$ Lrb 500 $ 400 �S 300 for lots which are all jar er ban a+a Pxnr sses a value W Comments and Conditions of Appraisal; Sub ect i 5 zoned for m - u on which covers e can take place. The ultimate 1056 s . ft. would cr limit multifamily thus its highest and best use is sin le fami1 . Final Reconciliation: The S 1 z J 4 + r, T ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUSPECT PROPERTY AS OF ,nrn 19 y`f to be $ JUu LAND APPRAISAL REPORT Borrower Census Tact Mae Reference 18-7047-1842 Property Address 1711 Marietta • City South Bend County St. Joseph State IN Zip Code 46613 Legal Description Lots 72 & 73 33 Ft Mid Pt Ea H Studebakers 1st Sale Price $ Date of Sale Loan Term yrs Property Rights Appraised Fee Leasehold DeMinimis PUD Actual Real Estate Taxes $ (yr) Loan charges to be paid by seller $ Other sales concessions Lender/Client CitV of South Bend IN Board of Public Works Address Occupant Vacant Appraiser Carpenter Instructions to Appraiser Market Value Location ❑ Urban ❑ Suburban, ❑ Rural coda A.q I ­ Built Built Up ® Over 75% ❑ 25% to 75% ❑ Under 25% Employment Stability ❑ R ❑ ❑ Growth Rate E] Fully Dev. ❑ Rapid ❑ Steady ❑ Slow Convenience to Employment ❑ (2 ❑ ❑ Property Values ❑ Increasing ❑ Stable M Declining Convenience to Shopping ❑ ® ❑ ❑ Demand/Supply ❑ Shortage X] In Balance ❑ Over Supply Convenience to Schools ❑ [A ❑ ❑ Marketing Time ❑ Under 3 Mos. ❑ 4--6 Mos. ® Over 6 Mos. Adequacy of Public Transportation ❑ 19 ❑ ❑ + Present Land Use 100% 1 Family _% 2-4 Family _% Apts. _% Condo _% Commercial Recreational Facilities ❑ ® ❑ ❑ —% Industrial,_,_,-•-% Vacant —% Adequacy of Utilities ❑ ® ❑ ❑ Change in Present Land Use Q Not Likely ❑ Likely I') ❑ Taking Place I') Property Compatibility ❑ ❑ ❑ (') From To Protection from Detrimental Conditions ❑ ® ❑ Single Family Price Range O o.,... $ 9,000 to $ C-) T .., % vaaenr 36,000 Predominant Values 30. Police and Fira ProtapltOrl General Appearance of Properties El ® El❑ r❑ l-7 Single Family Age 20 yrs to 100 yrs Predominant Age 70 yrs A eat to Market n F-I F 1 n Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise) Subject prop _has 33' x 80' dimensions - 2,640 sq. ft. - which would appear to be able to be built u however, limitation of structure size will be due to -set back requirements. Dimensions 33' x 80' _ 2640 Sq. Ft. or Acres ❑ Corner Lot Zoning classification B - Residential Present improvements ❑ do I] do not conform to zoning regulations , Highest and best use: ❑ Present use ❑Other (specify) Single Family Public Other (Describe) OFF SITE IMPROVEMENTS Topo Average Elec. ® Street Access: ® Public 2 Private Size Poor Gas Surface Paved Shape Rectangle Water ® Maintenance: ® Public ❑ Private View Urban San,Sewer ❑x ® Storm Sewet �1 Curb/Gutter Drainage Average _ ❑ Underground Elect.&Tel. fXl Sidewalk Street Lights Is the property located in a HUD Identified Special Flood Hazard Area? k]No❑Yes Comments (favorable or unfavorable including any apparent adverse easements, encroachments or other adverse conditions) The undersigned has recited three recent safes of properties most similar and proximate to subject and has considered these in the market analysis. The descrip- tion includes a dollar adjustment, reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus W adjustment is made, thus reducing the indicated value of subject; if a significant item in the comparable is interior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus increasing the indica- ted value of the subject. 11 ITEM Subject Property COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 Address 1711 Marietta 606 Wenger 829 W. Calvert Kaley St. between LWW Proximity to Sub'. 5 Blocks 14 Blocks Sales Price Is S 400 ' $ 1,000 S 1 000 Price/sq. ft. is ; $.075758/sci $ .189/sgft S ,190/5gft Data Source + Date of Sale and I DESCRIPTION MLS 11 +(— a DESCRIPTION Adjustment +t-1s DESCRIPTION Adjustment •t t. DESCRIPTION Adjustmem Time Adjustment 1980 + 500 1990 1 198,5 + 250 Location Urban/Fair I Urban/Fair I Urban Ave. Site/View 33 x 80/Ave. 40 x 132/Ave. - 500 50 x 132/Ave. I - 700 40 x 132 Ave. - 50Q I I 4 Sales or Financing Concessions I I I I t I 1 I Net Ad'. (Total) ' 0 ❑ Plus; ❑Minus �$ x 700 ❑ Pius; ❑Minus t$ ❑ Plus; x Minus t$ 500 Indicated Value j� of Subject - I 400 1$ i$ 300 1$ 500 on Markot Oatn I [ I sub.1ec't. Comments and Conditions of Appraisal: Sub sect is zoned for multi-famjly rinvelopment. which would permit onl upon which covera a can take place. The ultimate 1056 s . ft. would create a good single famil limit multi -family. thus its highest and best use is single family. Final Reconciliation: The size of the 1 lowest estimate. I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PROPERTY AS OF 5 20 19 94 to be S Appraiser(s)�� Review Appraiser (If applicable) _ ❑ Did ❑ Did Not Phvsically Inspect Prooem t �'re"•'.�; - � � � - } _ 'mil - 1711 MARIETTA rlqk AX IM004­04 REAL PROPERTY - ASSES77,Et.] VALUATION 5/',.PV19C)4 <ESC> when vik.�wirc.m u, Ir, W1 viewineg T, 1 Y SLDG. LAND CH TN 111FROV 11 Cl Ve%L. UE 260 ASSES TN P R 0 V E M N .7 VS �5 E S'�; C) A T E 3 o 3. 1 <"8 9 `SOURCE PREY LAND N A'. R K S PREV IMPR LAND VALUIE 2 ID PRC. [lP,'E_V SEW 1IMPR VALUE C) ............... ............... ........ TAXIMCji-2-04 .............. ............................ .......... :::: ........... .................. AXIMUL14--04 REAL FIRG F__ - Inquiry 'cu Lrilr LEGAL PROPER"FY DESCRIF'TION 18 70e4- 11 L Is 6, 21 CITY OF sou-n-i <ESC) when dons a LOT-S, 72 73 3.3 FT MID PT EA ;-: 311-00EL-,AKER 1ST I _-'GUTH BEND 1: N i il!FF, 0 V E M IL N TS' TAXI M017—C.13 DAI'E: 0 1 R E h,'-\ IR K "3 r-['CV LAND V.ALI-JE- G !E-V IMPR VALUE. / te / % a .: i t_ * _.. . / C' ', f', ', .- i� June 1, 1994 City of South Bend Board of Public Works County --City Building Room 1308 South Bend, IN 46601 SANDRA L. PeALLER 634 E. DUBAIL SOUTH BEND, IN 46613 I am submitting a bid in writing for the property at: 1713 Marietta Street South Bend, In 46613 Key No_ 18-7047-1842.01 The dollar amount of my bid is: $110.00 I am an adjacent property owner and would like to purchase this property from the City of South Bend Board of Public Works. Very Truly Yours, Sandra L. Pfaller 0 SANDRA L. PffALLER 634 E. DUBAIL SOUTH BEND, IN 466-13 June 1, 1994 Citv of South Bend Board of Public Works County -City Building Room 1308 South Bend, IN 46601 I am submitting a bid in writing for the property at: 1711 Marietta Street South Bend, In 46613 Key No_ 18-7047-1842 The dollar amount of my bid is: $310.00 I am an adjacent property owner and would like to purchase this property from the City of South Bend Board of Public Works. Very Truly Yours, Sandra L. Pffaller 1�1G111Gi , 1"l ty llllJ'Gi v�CicI►Y X1� ATT - Sandra M. Parmerlee, Clerk TRI COUNTY NEWS 918 E. JEFFERSON BLVD. SOUTff—B—END,1N 46617 (219) 287-0285 Fax - 233-9991 PROOF OF PUBLICATION State of Indiana, St. Joseph County, ss: Personally came before me, the undersigned, Lisa J. Andrysiak, Office Manager of the TRI COUNTY NEWS; that she is authorized to make this affidavit in it's behalf; that the TRI COUNTY NEWS is a public newspaper of general circulation printed and published in the English language in the City of South Bend, in the aforesaid county and state; that a notice of which the copy attached hereto is a true and correct copy, was published in said newspaper. a dme(s), the date of publication being as follows: 5-27;6-3-94 Fee$ 19.57 Subscribed and sworn to Wore me this 3rd day of JUNE, 1994. Mark D. Jolly, Notary Public Resident, St. Joseph County My Commission expires 6/9/95 COPY OF PUBLICATION PRINT NOT -ICE TO BmOERS SALE OPCRY-OwDlFD M-PPRT1 Bead, ufa n brret y given that the City of south dff-i through l Board of Public N'aka, iu afferiteg rot salt foUo win8Puceka of"al carafe lou fed in South Bettd, In 17t 70r7-1842) 1 MAR]E7•TA s d+ws TREET (KEY 418- UL, 72and 73,33 it mid,>x. F"MStudcbakcn 1. 13 MARIETTA STREET (ICEY 8Ia- 7047. 1 8S2.01) Lot. 72 & 73, 33 ft. S. end S"de ors ISt Addition Mote apecifc icfmmatioo caneerniq P"Vetsy and the Ciry'a ofr. - 8 this able in tbo O(Gcc of the Hoard o8 Psix is ararT. t, S-lh Room1308. Coumy-Ciry' k �• fneliminc diq .Scutt Bend. Bids to purchase ■aid P—j mun be erred in the Ofrice of tfta 8 k of Publ w-ia onBCautay-Ci But] izid Indianti ono bcr"M—d- fie. South94,u 9:30 a.m. At rfut Y, June 13,1994, u turn. a esx1c oi,tam will be °11dby Baard u to I}m sale of these Pa"eh. Pursuant to hate stature these qx,- m'Y not be sold to a pr urtdcr Scction 16 (Lt;3"- 1 hb)u taafigblc Addid-_Uy, an or&r m P�h+>c submitted by a tryu must identify�Ty ciary oC the tryst ea bcmfi "yoke and .,it, _P--.d or modify the t—L The orr4m ofthe Board ofP bfic works wo "card the apprapriue Quit-Ckaiot Oocd the oi tep of the Josepsureeasfiil P-ch"-r with the St. h Couray Recorders Ofru The "cad- OA]tD OPT mLk �P—j P- • PLIRLIC WORKS sand- M. Parmcdac, Clork 2t.5-27;63 State of Indiana St. Joseph County ss: Personally appeared before me, a notary public in and for said county and state, the undersigned Carol SMiLL_--_ who, being duly sworn says that she is of competent age and is Advertising Manager of The South Bend Tribune, a daily newspaper which for at least five (5) consecutive years has been published in the City of South Bend, county of St. Joseph, State of Indiana, and which during that time, has been a newspaper of general circulation, having a bona fide paid circulation, printed in the English language and entered, authorized and accepted by the post office department of the United States of America as mailable matter of the second-class as defined by the Act of Congress of the United States of March 3,1879, and that the printed matter attached hereto is a true copy, which was duly published in said newspaper. time S , the dates of publication being as follows: May 27, 1994 & June 3, 1994 Subscribed and sworn to before me this 3 r d day of June 19 94 N. Sue Martin Notary Public Resident of St. Joseph County My commission expires: February 22, 1995 $19.92 Charges given South ggh its K5, is e fol- MARIETTA (KEY 918-7047- d 73, 33 ft. mid. end County Clty Building, South Bend, Indiana. Bids to purchase sold parceismust be received In the QHice of the Board of Public Works, 1308 County Cty Building, South BeadiIndiana, on or before Monday, June 13,' 1994, of 9:30 a.m. At that time, a deferm inction will be made by the Board as to the sale of th:se por-i cell. Pursuant to slate slat- ute, these properlies may not be sold to a person who is ineligible under Section 16 (1.C.36.1.11-16;. Adddivally, an offer to purchase pro; erty sub- mitted by Irvu must identify eacR i_ enaficlory of We tnl5tanci a>pi for em- poweredto revs ke ar mod The Office of 11E of Public W WKS PUBLIC Sondra M. Pcr 2t::; State of Indiana St. Joseph County ss: Personally appeared before me, a notary public in and for said county and state, the undersigned Carol Smith — who, being duly sworn says that she is of competent age and is Advertis' Manager of The South Bend Tribune, a No710E sIDDERs sALsoFCIrY-owNED daily newspaper which for at least five (5) consecutive years has been PROPERTY Notice is hereby g9iven that the City of gSouth published in the City of South Bend, county of St. Joseph, State of Indiana, een d ofdi ina ro`r'�ks.Its and which during that time, has been a newspaper of general circulation, offer ng for sale the fol- lowing Parcefs of real es - having a bona fide paid circulation, printed in the English language and rate located in south send, Indiana: entered, authorized and accepted by the post office department of the STREET (KEYRI}87047 United States of America as mailable matter of the second-class as defined 1842� Lois 72 and 73, 33 ft. mid. by the Act of Congress of the United States of March 3, 1879, and that the p7�3a H. st MA R I ETTA printed matter attached hereto is a true copy, which was duly published in STREET (KEY}8-7Q47- 184RE Lots 72 & 73, 33 ft. S. end said newspaper. Studebakers Ist Addition. More specific informa- tion concerning this Prop. erty and the City•s offer- 2 time s ,the dates of publication being as follows: In9 is available in Price the office of the R—A May 27, 1994 & June 3, 1994 Subscribed and sworn to before me this 3 rd day of June 11 19 94 N. Sue Martin Notary Public Resident of St. Joseph County My commission expires: February 22, 1995 $19.92 Charges D CEIVED FROM Jin: LaLil... f�Ss� Account Tpzal T'/T/'�/`/Y'- c/� pU-7Kjya f /�y� /�� ��y� Amount Paid $ W , 0O 1 / l -.-/7 3 1 �2441,' P—A Balance pue ry `THE EFFICIENCY. LINE "AN AMPAC PRODUCT 1. RESOLUTION NO. /6- / y RESOLUTION OF THE BOARD OF PUBLIC WORKS DISPOSING OF CITY --OWNED PROPERTY WHEREAS, the Board of Public Works of the City of South Bend, Indiana, has compiled a current detailed inventory of all real property owned by the City of South Bend; and WHEREAS, the Board of Public Works has reviewed said inventory of real property and it finds that certain of the parcels of real estate now owned by the City of South Bend are not necessary to the public use and are not set aside by State and City laws for public purposes; and WHEREAS, the Board of Public Works finds that each of the properties described below has an assessed valuation of less than $2,000.00, that the cost of maintaining said parcels equals or exceeds the estimated fair market value of the parcels, and that the highest and best use of the parcels is sale to an abutting landowner. WHEREAS, the Board of Public Works now wishes to take the necessary action to make it possible for the Board, in the future, to sell said parcels of real estate pursuant to State statutes. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana: 1. That the parcels of real estate owned by the City located at 1711 and 1713 Marietta Street are not necessary to the public use, are not set aside by State or City laws for public purposes, that the cost of maintaining said parcels equals or exceeds the estimated fair market value of said parcels and the highest and best use of said parcels is sale to an abutting landowner. ADOPTED this 16th day of May, 1994. SOUTH BEND BOARD OF PUBLIC WORKS J n E. Leszczyns i, President mes R. dwell, e ber Jenny Pit Manier, Member ATT Sandra M. Parmerlee, Clerk