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Memorandum
September 11, 2014
TO: South Bend Redevelopment Commission
FROM: David Relos, Economic Resources'
SUBJECT: Resolution No. 3216
Blackthorn Golf Course & Clubhouse, 6100 Nimtz Parkway
Attached is Resolution No. 3216, which sets the fair market value for the Blackthorn
Golf Course and Clubhouse, 6100 Nimtz Parkway, within the Airport Economic
Development Area.
The proposed fair market value of the property, as derived by two independent
appraisals, is found in "Exhibit A" in the attached resolution.
Staff requests approval of Resolution No. 3216.
227 W.JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTHBENDIN.GOV
RESOLUTION NO. 3216
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR MARKET VALUE OF
PROPERTY IN THE AIRPORT ECONOMIC 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
September 11, 2014, at 1308 County-City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
ATTEST:
EXHIBIT "A"
RESOLUTION NO. 3216
Property Size Minimum Offering
Proposed Use
Price
This property must
6100 Nimtz Parkway Lot: $1,655,000 remain an 18-hole public
Golf Course and
Clubhouse which must
025-1018-062405 258 +/-Acres meet Required Minimum
and Maintenance Standards
025-1018-062406 as referenced in the
Property Disposition
document, and is subject
to restrictions as
referenced in "An
Agreement Among the
South Bend
Redevelopment
Authority, the South
Bend Redevelopment
Commission, and the St.
Joseph County Airport
Authority for the
Operation and
Management of
Blackthorn Golf Course,
dated October 8, 1992.
Strong emphasis will be
placed during the review
process on compatibility
with the goals and
objectives of the Airport
Economic Development
Area and the surrounding
Blackthorn Corporate
Office Park.