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HomeMy WebLinkAboutResolution No. 3645 (Taylor, Wayne & Western Lots Disposition Offering Price) - SignedSouth Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item D ATE : 7/17/2025 FROM: Erin Michaels – Property Development Manager SUBJECT: Disposition of City-Owned Lots at Taylor, Wayne & Western Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. * Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. PURPOSE OF REQUEST: Begin Disposition Process of City-Owned Lots at Taylor, Wayne & Western SPECIFICS: The Redevelopment Commission (RDC) currently owns eleven (11) parcels bounded by Taylor, Wayne & Western and acquired these parcels for the purpose of redevelopment. The attached three documents - Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be redeveloped and set the following conditions for a bid on the Property: - $370,500 minimum bid (average of two appraisals) -All bids will be due by 9:00am on August 14, 2025 and opened publicly at the RDC meeting on August 14, 2025 -During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION July 24, 2025  RESOLUTION NO. 3645 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 July 24, 2025 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ____________________________ Troy Warner, President ATTEST: ____________________________ Eli Wax, Secretary EXHIBIT A Offering Sheet Property Size Minimum Offering Price Proposed Re-Use WILLIAM ST LOTS 1, 2 & 3 VAILS SUB OF BLOCK 6 71-08-11-280-005.000-026 512 W WAYNE 38 1/2 FT E SIDE 74 1/2 FT N SIDE LOT 8 & 10 FT S END OF 38 1/2 X 84 FT NE PT LOT 8 VAILS SUB BLOCK 6 71-08-11-280-004.000-026 V\L ADJ 514 W WAYNE 19 1/2'E SIDE 74'W END & 19 1/2'S & ADJ LOT 7 19 1/2'W SIDE 74'N END & 10X19 1/2'S & ADJ LOT 8 VAILS BLK 6 71-08-11-280-003.000-026 520 W WAYNE 35 1/2 FT & 38.5 FT NW COR LOT 7 VAILS SUB BLOCK 6 71-08-11-280-002.000-026 V\L ADJ 304 S TAYLOR 38 1/2'S END 74'N END 38.5'W END OF SIDE LOT 7 & 10'S END 38.5' NW PT LOT 7 VAILS SUB BLK 6 71-08-11-280-001.000-026 310 TAYLOR 44 1/2 FT MID PT EA LOTS 7 & 8 VAILS SUB BLK 6 71-08-11-280-006.000-026 319 WILLIAM 3 Rds S End Ea Lots 2 & 3 & E 1/2 Vac Alley W & Adj Vails Sub Block 6 71-08-11-280-010.000-026 323 WILLIAM LOT 4 & E 1/2 VAC ALLEY W & ADJ VAILS SUB BLOCK 6 71-08-11-280-011.000-026 507 WILLIAM Lot 5 & W 49.5' Lot 6 & E 1/2 Vac Alley W & Adj Vails Block 6 71-08-11-280-012.000-026 501 WESTERN 66 FT E END LOT 6 VAILS SUB BLOCK 6 71-08-11-280-013.000-026 318 S TAYLOR Lots 10 Thru 12 & W 1/2 Vac Alley E & Adj Vails Sub Block 6 07/08 Split to 041201 5052WD 7/18/06 71-08-11-280-009.000-026 Total Site: 1.73 acres $370,500.00 Projects that are permitted within the NC Neighborhood 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.