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HomeMy WebLinkAboutagenda item 2015 0415 rdc 06b5ITEM: 6.B.(5) Department of Community Investment Memorandum April 15, 2015 TO: South Bend Redevelopment Commission FROM: David Relos, Economic Resources ~· SUBJECT: Resolution No. 3284, 3285, and 3286 Lots 2, 3, and 4 of the Coveleski Park Minor Subdivision Attached are Resolutions No. 3284, 3285, and 3286, which set the fair market values for Lots 2, 3, and 4 of the Coveleski Park Minor Subdivision, within the River West Economic Development Area. The proposed fair market values of these properties, as derived by two independent appraisals, is found in "Exhibit A" in each of the attached resolutions. Staff requests approval of Resolution No. 3284, 3285, and 3286. 227 W. JEFFERSGN BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTH BEN DIN.GOV RESOLUTION NO. 3284 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 April 15, 2015, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. ATTEST: CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT Property Lot 2 of the Coveleski Park Minor Subdivision EXHIBIT "A" RESOLUTION NO. 3284 Size Minimum Offering Price Lot: $287,500 117,672 SF 2.70 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; and the surrounding neighborhood. RESOLUTION NO. 3285 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 be~n 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 April 15, 2015, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. ATTEST: CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT Property Lot 3 of the Coveleski Park Minor Subdivision EXHIBIT "A" RESOLUTION NO. 3285 Size Minimum Offering Price Lot: $114,500 46,609 SF 1 . 07 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; and the surrounding neighborhood. RESOLUTION NO. 3286 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 April 15, 2015, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. ATTEST: CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT Property Lot 4 of the Coveleski Park Minor Subdivision EXHIBIT "A" RESOLUTION NO. 3286 Size Minimum Offering Price Lot: $31,500 11,761 SF . 27 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; and the surrounding neighborhood.