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Home My WebLink AboutNo. 2267 approving the fair market value of property in the Sample-Ewing Development Area (Kokoku Wire)t RESOLUTION NO. 2267 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING THE FAIR MARKET VALUE OF PROPERTY IN THE SAMPLE-EWING 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. ATTEST: r ry Downes cretary South Bend Redevelopment Commission ADOPTED at a meeting of the South Bend Redevelopment Commission held on September 15, 2006, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT ~. ~= South Bend Redevelo ent Commission Marcia I. Jones, esident • • • EXHIBIT "A" RESOLUTION NO. 2267 Parcel Size Minimum Offering Price Proposed Re-Use Kokoku ~ ± 13.455 AC $ 147,000.00 Industrial uses such as Disposition Parcel 492' x 1200' manufacturing, 1217 S. Walnut Street 235,798 SF Building warehousing and distribution and uses in accordance with the "G I" General Industrial zoning designation.