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HomeMy WebLinkAboutNo. 3196 approving the fair market value of 118 WilliamRESOLUTION NO. 3196 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING THE FAIR MARKET VALUE OF PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA. WHEREAS, the property identified at Exhibit "A" attached hereto and incorporated herein 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; and WHEREAS, the reviewer has prepared a written report which indicates that the appraisals are complete and consistent in the factual data contained therein, comply with existing statutory and regulatory requirements and are acceptable for the determination of fair market value. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission, governing body of the City of South Bend Department of Redevelopment, that based upon such appraisals and the review thereof, the offering price of the property described at Exhibit "A" is hereby established as stated therein and all documentation related to such determination is contained in the Commission's files. ADOPTED at a meeting of the South Bend Redevelopment Commission held on January 16, 2014, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT Marcia I. Jo , President ATT T: ald E Inks, Secretary Property 118 -124 S. William St. 018- 3010 -0336 018- 3010 -0337 EXHIBIT "A" RESOLUTION NO. 3196 Size Lot: 12,243 SF Minimum Offering Price $28,000.00 Proposed Use Residential or commercial projects that are permitted within the "CBD" District zoning designation. Strong emphasis will be placed during the review process on compatibility with the goals and objectives of the South Bend Central Development planning area and the surrounding neighborhood.