The URL can be used to link to this page

Home My WebLink About6.B.(10) Resolution No. 2481Community & Economic Development hCq~ tipU l y e(. 04/ ~ . yu \\~ ~ c~i \ / yF r ~_~ a EA Itl65 `~, A ~~s., 1200 County-Ciy B~_ding, 227 Wes' Jefferson, So~Th Bend, Indiano 46601-1830 Phcne 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: Bill Schalliol, Economic Development Planner Subject: Coveleski Neighborhood Acquisitions Resolutions 2481, 2482, 2489, 2495 & 2496 Date: October 14. 2008 Attached to this overview staff report are four staff reports relating to the acquisition of four properties in the Coveleski Park Neighborhood. The properties are adjacent to properties owned by the Redevelopment Commission and are presently available for purchase from the property owners. The adjacency and the availability are the key reasons why staff is requesting that these properties be purchased at this time. Resolution 2481: GMS Parcel (SW Corner of Wayne & William) Resolution 2482: Shaw/Park Parcel (319 S. William) These parcels are adjacent to each other and surrounded by parcels owned by the Commission. The GMS Parcel is an overflow storage parking lot that was used by Gates for storage of vehicles. With the departure of Gates, this fenced lot is no longer needed by Gates. The parcel takes up an entire quad of the block. The average appraised value of the parcel is $77,000.00 and it is staff's understanding this is an acceptable value. Upon ownership, the site will be cleared, leveled and seeded for future residential development. The Shaw/Park parcel is south of the GMS parcel and north of the Henderson house purchased by the Commission this summer. The parcel was the family home site of the Shaw family, but when the family moved from South Bend in 1973, the house was torn down and the site was leveled. The average appraised value of the parcel is $7,250.00 and the property owners are willing to settle at that amount. The site, and the adjacent Henderson parcel, will be cleared, leveled and seeded for future residential development. Resolution 2489 Zubkoff Parcel (414 5. William) Resolution 2495 Richey's Radiator Parcel (416 W Western) Resolution 2496 Counter offer Both of these parcels are adjacent to land owned by the Commission on the Gates Chevy World block just north of the stadium. The Zubkoff parcel is a small parcel (55' x 120') that had at one time been a single family lot north of the Synagogue. The parcel is surrounded What We Do Today Makes A Difference! by Commission owned property on three sides and the fourth side is William Street. The current property owner, a descendant of the original owner, is based out of Chicago and is interested in selling off this parcel. The average appraised value for the parcel is $17,250.00. The site would be used for development purposes related to the ballpark plan. Richey's Radiator Service is a third generation South Bend business. Having relocated two previous times because of redevelopment projects, most recently to make way for Century Center, the current owners are interested in closing out the business instead of relocating again. The parcel sits on the SE corner of William and Western and is one of the last parcels on the Gates block not owned by the Commission. By having control of the corner, the Commission can allow for controlled redevelopment of the site. The average appraised value of the site was $161,825.00 but staff has worked with the owner on a $190,000.00 counter-offer that would help provide the owner with closeout expenses and other related funding. The $30,000 is equivalent to relocation costs that the Commission would incur if the business chose to relocate. This site would be cleared along with the parcels south to the Synagogue and made ready for new commercial development. Staff requests favorable Commission approval of these five resolutions. Community & Economic ~y ypUTH B v ~ pF ~\ i ~ Development ~' `~~~!' ~~ txas ~ 1200 County-Cry Builcing, 227 Wesi Jefferson, Souih Bend, Indiana 46601-1830 Phone 574!235-9371 Fax 574/235-9021 To: Redevelopment Commission From: Bill Schalliol, Economic Development Planner Subject: Resolution 2481 -Setting Acquisition Price for GMS Parcel (SW Corner of Wayne & William) Date: October 13, 2008 Attached to this staff report is Resolution 2481 which relates to a parcel at the Southwest Corner of Wayne Street & William Street within the South Bend Central Development Area. The property contains a vacant lot that takes up the entire NE quad of the block bounded by William, Western, Taylor and Wayne. The property was added to the South Bend Central Development Area acquisition Ilst by Resolution 2441 on March 28, 2008. The parcels proposed for acquisition include the following: 18-3012-0420.01 SW Corner of Wayne~GMS Realty, Inc. William Resolution 2481 The purpose of Resolution 2481 is to set the acquisition value for the property, The average appraised value as determined by two qualified appraisers is 877,000.00. This value includes the entire NE quad which is about a 22,800 SF (.5 acres) parcel. (See attached map) Summary Staff requests approval of Resolutions 2481. The purpose of the acquisition is twofold. First, it is for site control. The Commission owns a large corner of the block immediately adjacent to the west and a lot to the south at 323 S William Street and this acquisition at a reasonable value would allow for a better plan for the reuse of the block. Second. acquisition of this parcel is key to remove a blighting lot that impacts the development of the rest of the block. The projected reuse plan for the block is for proposed for new housing concepts and acquisition will allow for consistent site control and planning within the context of the on-going Coveleski Park Planning effort. What We Do Today Makes A Difference! GMS Realty Parcel - Vlhayne & William Resolution 2481 Wayne St ' 114' j ~ -----~ ~ ' ~ 200 ` ~ ~ ', '~~ -- 18-3012-0420.01 '~ ~ ~, e RESOLUTION N0. 2481 A RESOLUTION OF THE SOUTH 6END REDEVELOPMENT C0~~1J11SSION RELATF,D TO ACQUISITION OF PROPERTI" IN THE SOUTH BEND CENTRAL DEVELOPI~9GN"f AREA WHEREAS. under the authority granted by lndiana Code ~ i6 7-14, et sey. and in furtherance of the South Bend Central De~~elopment Area Plan ('~Plan~). the South Bend Redevelopment Commission ("Commission") has determined that it is necessary to acquire unencumbered fee simple interest in certain properties located within the urea hcretot~n~c dcsi~~natcd as the South E3end Central Development Area (the °Area~~) within the City of South Bend, Indiana (the "Citv~~), which properties arc more particularly described at Exhibit A attached hereto and incorporated herein (the "Properties°); and WHEREAS. on March ?~. ?005. the Commission adopted Resolution V'o. ?441 amending the Plan and adding the Properties to the Areas acquisition list; and WHEREAS, two (2) independent appraisals of the Properties have been obtained in accordance with Indiana Code ~ 3G 7-14-19fb), which provide the offering prices described at Exhibit A (the ~-Offerin~a pricc~~)_ and WHEREAS, the Commission no~~ desires to authorise the staff of the Commission to provide and negotiate an offa~ for the Purchase of the Properties in accordance with Indiana Code ~ 3G 7-14-19, which may include the acquisition of an option and the Commissions payment of expenses incidental to the amvc~ance and determination of the title of the Properties: and WHEREAS, the Commission finds that all procedures necessary fr~r authorizing and acquirin~a the properties have been completed in accordance ~~ith Indiana la~~~, NOW. THEREFORE. BE 1T RESOLVED by the South Bend Ralevclopment Commission that I . The staff of the Commission arc hcrebv authorized and directed to cause a purchase offer to be made in e~~riting to the owner(s) oC the Properties as described at Exhibit A at the Offering Price (the ":1~cra~ae Acquisition Price~~ in lahibit ~y) in accordance ~~~ith Indiana Code ~ ~6-7-14 19. which offer or process may include the acquisition of an option tier the purchase price and the payment of expenses incidental to the con~~eyance and determination of the title of the Properties. ?. The Commissions attorney is hcreh~ authorized and directed to nc~,otiatc and prepare documentation necessary to accomplish the acquisition of the Properties in accordance with this Resolution and in a fiorm acceptable to Iegal counsel. ~. No representations. contract or understanding relati~~c to the purchase of the Properties. ~~~~hether made by a Commissioner. employee or other agent or ofticial. is binding a~~ainst the Commis-sign until appro~~cd and accepted by the Commission in writing. Note ithstandin~~ the foregoing. the Commission hereby accepts, in ad~~ance, any purchase of the Properties pm~suant to the Commissions initial purchase offer pro~~ided consistent ~~°ith the terms of this Resolution and deemed by le~~al counsel to be substantially similar to a Unif~n-m Acquisition Offer but to pro~~idc frn a ne~~otiatcd purchase. ~n°hich may include the acquisition of an option, the payment of expenses incidental to the con~~eyance and determination of title. and to the extent applicahle, relocation assistance. 4. Don Inks or Jett Gibnev is authorised to execute on behalf of the Commission any documents necessary to carry out the intent of this resolution. ADOPTED at a Rc~~ular Meeting of the South [3end Rede~clopment Commission held on October 17. ?00~. at I X08 County-City Building. ?27 West Icfferson Boulevard. South Bend. Indiana 46601. CITY' OE SOUTH BEND, DEPARTh1ENT OF REDEVELOPMENT S[~nmurr l'rinn ~l \imir and lydr South bend Redevelopment Commission A7"PEST: ~,,,~, South Bcnd Redevelopment Commission E?C111B1"1' A PROPERTY DESCRIPTION AND OFFERING PRICE A~~era ;c ~I~az Kc~~ No. Address O~~~ner Acquisition Price South~~~e,t corner of Wayne G~~S Realty. Inc.. I ~-30 L-04?0.01 S77,000.00 SirCCI cL £111 ~IH~Iflnil ~~~ 1~~18111 S(I~CCI ~ 01'~~01~2lllOn