HomeMy WebLinkAboutNo. 2322 setting the fair market value of property in th eSouth Bend Central Development Area (18-5003-0060)
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RESOLUTION 2322
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR MARKET VALUE OF PROPERTY IN THE SOUTH
BEND CENTRAL DEVELOPMENT AREA
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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 review; 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 rescheduled regular meeting of the South Bend Redevelopment
Commission held on the 5`~' day of April, 2007 in Room 1308 of the County-City
Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
Attest:
Gregory S. Downes, Secretary
City of South Bend, Indiana
Redevelopment mission
Marcia I. Jones, President
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EXHIBIT A
Resolution
Offering Sheet
Disposition Parcel
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Parcel Size Minimum Purchase Price Proposed Re-Use
VL W & ADJ 312 E LaSalle 5,866 sq ft $9,400.00 Conunercial and
18-5003-0060 (0.135 acres) supporting uses,
including parking
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