HomeMy WebLinkAboutNo. 2479 setting the fair reuse value of land in the Airport Economic Development Area. (Lot 5 Ameritech Drive)• RESOLUTION 2479
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR MARKET VALUE OF PROPERTY IN THE AIRPORT
ECONOMIC DEVELOPMENT AREA
WHEREAS, the property listed on attached "Exhibit A" 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 qualified Redevelopment staff
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 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 fair value for the re-use
indicated of the property listed in "Exhibit A", attached hereto and made apart hereof, is
established as shown thereon and all documentation related to such determination is
contained in the Commission files.
Adopted at the regular meeting of the South Bend Redevelopment Commission held on
the 1sT Day of August, 2008 in Room 1308 of the County-City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
City of South Bend, Indiana
Redevelopment Co fission
Marcia I. Jones, President
Attest: ~
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r G. King, i e-President
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EXHIBIT A
Resolution 2479
Offering Sheet
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Parcel Size Minimum Offering
Price proposed Re-Use
Lot 5 Ameritech Drive + 3.47 Acres $182,250 Commercial or
25-1017-060808 Industrial
Development
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