HomeMy WebLinkAboutNo. 2336 approving the fair market value of property in the South Bend Central Development Area (817 & 903 E Sample)RESOLUTION NO. 2336
• RESOLUTION OF THE SOUTH BEND REDKET VA UE OF
COMMISSION APPROVING THE FAIR MAR
PROPERTY IN THE SOUTH BEND CENTRAL 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 May 8,
2007, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
South Bend Redevelo r4i t Commission
Marcia I. Jones, President
ATTEST
South Bend Redevelopment Commission
Gregory S. Downes, Secretary
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EXHIBIT "A"
RESOLUTION NO. 2336
Parcel Size Minimum Offering Price Proposed Re-Use
Art Mosaic ± 17,330 SF parcel $ 62,100.00 Commercial office or
professional office uses in
Disposition Parcel ~ accordance with the "GB"
817 & 903 East Sample Street's 1,200 SF (817 E.) General Business District
3,500 SF (903 E.) zoning designation.
18-3037-1433
18-3037-1434
18-3037-1435
18-3037-1436
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