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Home My WebLink About6.C.(4) Resolution No. 2507Community & Economic Y ' e, yn~T[I bG ,r"Y ~~~F,y'~ Y'v i' ~ cf Development `~~=a ..::~;~~ Hd 7.:~ f 1200 Co,~~ty-Gty Bu ding, 227 West Jefferson, Sou h Bend, Irdlara 46601-1830 Phore 574/235-9371 Fax 5741235-9021 To: Redevelopment Commission From: Bill Schalliol, Economic Development Planner ~ ~; Subject: Resolution 2507 -Setting Acquisition Price for 911 Marietta Property Date: September 30, 2008 Attached to this staff report is Resolutions 2507 which relates to property at 911 Marietta Street within the Airport Economic Development Area. The property contains amulti-story house and an adjacent vacant lot. The property is located in an area in which the Redevelopment Commission has purchased properties over the last seven years. The property was added to the Sample-Ewing Development Area acquisition list by Resolution 1839 on July 7. 2001. The parcels proposed for acquisition include the following: 18-7018-0748 ~ 911 Man.etta l Mendora Trotter 18-7018-0748.01 Resolution 2507 The purpose of Resolution 2507 is to set the acquisition value for the property at 911 Marietta. The property consists of a two story house and an adjacent vacant lot with total property dimensions of 50 x 130' (6,459 SF). The average appraised value as determined by two qualified appraisers in 2001 was $47.840.00. However, at this time, the house is being sold as part of a settlement for Medicaid and is presently listed for sale at $11,900.00. The house has been damaged by vandals and was planned to be a tear-down so the reduced value is very acceptable. This property, along with 24 others, was added to the SEDA Acquisition List in 2001 as part of a strategy to acquire substandard housing and commercial parcels that were located in an area adjacent to then recently constructed Southeast Neighborhood Park. The acquisition purpose was twofold: removing the non- consistent land uses and create an area for a future expansion of the park. The "Sample Triangle" is bounded by the railroad, Sample Street and High Street. The Commission has assembled 32 of the total 41 parcels to create this development site. The acquisition of these two parcels would leave one commercial structure (3 lots with one building and all are on tax sale) and one single family house (2 lots) to be acquired. One of the lots is owned by Sprint and contains a telecom building and the last lot is owned by the railroad. Summary Staff requests approval of Resolutions 2507 to acquire the property at 911 Marietta. The Commission owns the adjacent parcels and this acquisition is in keeping with past Commission acquisitions. The house; in its present condition, is a nuisance property that needs to be demolished. The reasonable price for the acquisition is key to this transaction and staff requests your favorable approval. What We Do Today Makes A Difference! RESOLUTION NO. 2507 A RESOLUTION OF THE SOUTH BEND REDEVGLOPI9ENT COMJIISSION RELATED TO ACQUISITION OF PROPERTY IN THG AIRPOR"T ECONOMIC DG~'ELOPMENT AREA WHEREAS. under the authority granted by Indiana Code ~ 36-7-14, c'1 sc~y. and in furtherance of the Airport Economic De~~elopmcnt Area Plan ("Plane), the South Rend Rederelopmcnt Commission ("Conunission~~) has determined that it is necessary to acquire unencwnbered fee simple interest in certain properties located ~~ithin the area heretofore deli<~nated as the Airport Economic Development Area (the "Arca~~) within the City of South Bend, Indiana (the "Citv~~), which properties arc more particularly dcscribcd at Exhibit A attached hereto and incorporated herein (thc-~Propertics~~): and WHEREAS, on July 7. 2001. the Commission adopted Resolution No. 1839 amending the Plan and adding the Properties to the former Sample-Ewing Dc~-elopment Arrz~s acquisition list; and WHEREAS. hwo (?) independent appraisals of the Properties v,~°ere obtained in 2001 in accordance with Indiana Code ~ 36-7-14-19(b). ~~hich provide the otia-ing prices dcscribcd at Exhibit A (the ~'Ot~lerin~~ Pric~~~): and WHEREAS.. the Properties are now- listed frn~ sale at the amount of Elev~cu ~hhousand Nine Hundred and no/100 Dollars 011.900.00) (the "Sale Pricc~~) duo to the poor condition of the struchn e located on the Properties and WHEREAS. the Commission now desires to authorize the staff of the Commission to provide and negotiate an oftcr for the Purchase of the Properties in accordance .with Indiana Codc ~ 36-7-14-19. which may include the acquisition of an option and the Commission's pa~mcnt of expenses incidental to the conve~~ance and determination of the title of the Properties and WHEREAS, the Commission finds that all procedures necessary for authorizing and acquiring the Properties have been completed in accordance with Indiana law; '~~O\y%, THEREFORE. BE IT RESOLVED by the South Bend Redevclopmcut Commission that: 1 . The staff of the Commission arc hereby authorized and directed to cause a purchase oft~cr to be made in ~~riting to the owner(s) of the Properties as described at Exhibit A at the Sale Price. ~~~hich is less than the Average Acquisition Price in accordance ~~~ith Indiana Codc ~ 36-7-14 19, ~i~hich offer or process may include the acquisition of an option for the pm chase price and the payment of expenses incida~tal to the conveyance and determination of the title of the Properties. ?. ~I he Commissions attorney is hereby authorized and directed to ne~~otiatc and prepare documentation necessary to accomplish the acquisition of the Properties in accordance avith this Resolution and in a form acceptable to Icgal counsel. ~. No representations, contract or understanding relative to the purchase of the Properties, w-hethcr made by a Commissioner. employee or other agent or official, is binding against the Commission until approved and accepted by the Commission in avriting. Nona-ithstanding the foregoing, the Commission hereby accepts, in advance, any purchase of the Properties pwsuant to the Commissions initial purchase offer provided consistent avith the terms of this Resolution and deemed by lc~aa] counsel to be substantially similar to a Uniform Acquisition Oficr but to provide for a negotiated purchase, aa~hich may include the acquisition of an option, the payment of expenses incidental to the conveyance and determination of title. and to the extent applicable. relocation assistance. 4. Don Inks or Jeff Gihne_y is authorized to execute on hehalf of the Commission any documents necessary to carry out the intent of this resolution. ADOPTED at a Regular Meeting of the South Bend Redevelopment Commission held on October ~. 2008. at 1308 County-City Building_ 327 West Jefferson Boulevard. South Bend. Indiana 46601. CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT l'rini~z \amr mnl liil~ South Bend Rede~~elopment Commission ATTEST: South Bend Redc~~clopment Commission EXHIBIT A PROPERTY DESCRIPTION AND OFFERING PRICE 1~cragc ~h~x Kc~~ No. ;~ddress O~~~ner ,acquisition Price 15-701 `-0745 k47.S40.0O" 91 1 Marietta 'Vlendora "I~rottcr 1 S-7(11 ~-0745.01 (?001 Appraisals) * The Property (91 1 Marietta) is currently listed t~~r sale at the amount of Ele~~en Thousand Nine Hundred and na'100 Dollars (S1 1.900.00) due to the poor condition of the structure located on the Property. Sample Triangle Acquisition Area - 911 Marietta ~,~ ~' ~ ~~ _ ~~ `~ ~ ~ F jy Y 1.~ a ~T~~ ~ ~~ ~ " ~~ -~ t ___.. ~- --_ --~- '/f /!% -~t7-i-rrEr~~---~1---1-f ~~ ~ .: ~ ~_ ~~ I . t - _ ._ '~ .i a`" ~~ ~ ~ ~~. ~~=> `~ Sam I' ~ ~ -; ~ • . r~ ~~ p e Triangle Project '~~_,~ ~ . ~:, OWNER OF RECORD ~ ~ ~` .`~ ~< City Of South Bend Department Of Parks & Recreation ^' ~;' ~V' ~~~ Chy Of South Bend Dep( of Redeveloprnent r ~~ ~ `„ CN Railway ~~sy- Mendora Trotter ~ ~ Michael Beres _ !¢,,. Sarah Manning US Sprint ~ k; ,: ` 1 T----tdf~ltt~El4--.~i~-~ .~ '. G