HomeMy WebLinkAboutResolution No. 3263 Approving Fair Market Value - Lot 5 Coveleski ParkRESOLUTION NO. 3263
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR MARKET VALUE OF
PROPERTY IN THE RIVER WEST 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 15, 2015, at 1308 County-City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601 .
L
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
i~ditUJ~U
Marcia I. Jon~dent
Property
Lot 5 of the Coveleski
Park Minor Subdivision
EXHIBIT "A"
RESOLUTION NO. 3263
Size Minimum Offering
Price
Lot: $107,850
39,870 SF
. 92 Acres +/-
Proposed Use
Commercial projects
that are permitted within
the Central Business
District zoning
designation .
Strong emphasis will be
placed during the review
process on compatibility
with the goals and
objectives of the River
West Development
Area; Coveleski Park
Planning Area; the
surrounding
neighborhood; and
development of the
property into a minimum
10,000 square foot, six
tunnel indoor hitting and
training facility serving
the minor league
baseball team utilizing
Coveleski Stadium and
Four Winds Field.