HomeMy WebLinkAbout6.C.(3) Resolution No. 2606
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1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021
To: Redevelopment Commission
From: David Relos, Economic Development Planner
Subject: Res. 2606 -Acquisition Offer for 912 - 1002 S. Lafayette Blvd
Res. 2607 -Counter Offer for 912 - 1002 S. Lafayette Blvd
Date: October 2, 2009
This is the staff report for the acquisition of 912 - 1002 S. Lafayette Blvd. This
property is known as the Airgas pressurized tank filling facility. This property was
added to the Airport Economic Development Area Acquisition List by Resolution
No. 2596 on August 26, 2009. This property was added to the acquisition list in
an effort to clean and clear the fringe of Ignition Park for future development. It is
located on the east side of Lafayette, just south of Sample Street. It sits next to
and is across the street from the Hamilton Towing properties (which were added
to the acquisition list by Commission Resolution No. 2456 on June 25, 2008).
Resolution 2606 sets the acquisition value of the property at $135,425. The
acquisition value is the average value as determined by two independent
appraisals. The property owner submitted a counter offer value of $155,000.
Because this land fits well into the future plans for this immediate area, staff feels
this counter offer is a reasonable value for this property.
Staff requests approval of Resolution 2606 and counter offer Resolution 2607 to
allow for the acquisition of this property.
Airgas Memo To RC re Purch of property.doc What We Do Today Makes A Difference!
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RESOLUTION N0.2606
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
RELATED TO ACQUISITION OF PROPERTY IN THE
AIRPORT ECONOMIC DEVELOPMENT AREA
WHEREAS, under the authority granted by Indiana Code ~ 36-7-14, et seq. and
in furtherance of the Airport Economic Development Area Plan (`Plan"), the South Bend
Redevelopment Commission (`Commission'') has determined that it is necessary to
acquire unencumbered fee simple interest in certain property located within the area
heretofore designated as the Airport Economic Development Area (the "Area'') within
the City of South Bend, Indiana (the `'City"), which property is more particularly
described at Exhibit A attached hereto and incorporated herein ("Property"); and
WHEREAS, on August 26, 2009, the Commission adopted Resolution No.
2596 amending the Plan and adding the Property to the Area"s acquisition list; and
WHEREAS, two (2) independent appraisals of the Property have been obtained
in accordance with Indiana Code ~ 36-7-14-19(b), which provide an offering price of
$135,425.00 (the "Offerin<~ Price"); and
WHEREAS, the Commission now desires to authorize its authorized agents,
hired for such purposes, or the staff of the Commission to provide and negotiate an offer
for the Purchase of the Property in accordance with Indiana Code ~ 36-714-19, which
may include relocation costs and the Commission's payment of expenses incidental to the
conveyance and determination of the title of the Property; and
WHEREAS, the Commission finds that all procedures necessary for
authorizing and acquiring the Property have been completed in accordance with Indiana
1 aw;
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission that:
1. Authorized agents of the Commission and the staff of the Commission are
hereby authorized and directed to cause a purchase offer to be made in writing to the
owner(s) of the Property as described at Exhibit A at the Offering Price (the "Average
Acquisition Price"' in Exhibit A) in accordance with Indiana Code ~ 36-7-14-19, which
offer or process may include relocation costs and the pa}~nent of expenses incidental to
the conveyance and determination of the title of the Property.
2. The Commission's agents and attorneys are hereby authorized and
directed to negotiate and prepare documentation necessary to accomplish the acquisition
of the Property in accordance with this Resolution and in a forn~ acceptable to legal
cowlsel.
3. The Commission hereby ratifies any actions of its staff or legal counsel
previously taken consistent with the authority provided in Section 1 or 2 hereof.
Notwithstanding the foregoing, no representations, contract or understanding relative to
the purchase of the Property, whether made by a Commissioner, employee or other agent
or official, is binding against the Commission until approved and accepted by the
Commission in writing. The Connnission hereby accepts, in advance, any purchase of
the Property pursuant to a uniform acquisition offer set forth at Indiana Code § 32-24-1-
5 (or a purchase offer deemed by legal counsel to be substantially similar to said Uniform
Acquisition Offer, which may include the payment of expenses incidental to the
conveyance and determination of title).
4. Don Inks or Jeff Gibney is authorized to execute on behalf of the
Commission any documents necessary to carry out the intent of this resolution.
ADOPTED at a Regular Meeting of the South Bend Redevelopment
Commission held on October 2, 2009, at 1308 County-City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
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ATTEST:
South Bend Redevelopment Commission
Prinlrc .~'unic° au Tit r
South Bend Redevelopment Commission
EXHIBIT A
PROPERTY DESCRIPTION AND OFFERING PRICE
Tax Key No.
Address
Owner Average
Acquisition Price
18-8001-0003, 912 - 1002 S. Airgas Great Lakes, $135
425.00
0004, 0005, 0006, Lafayette Blvd Inc ,
0007, 0008