6F(1) Resolution No. 2714 - Laserfiche WebLink

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(~ r C ~ ~ SpUiH eR \`ly~irJ i '~O ~~~\\ , ,.//~ o Community & Economic Development ~"~~~' ~ r ~, -~ a ItiS 1200 County-City Building, 227 West Jefferson, Soufh Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: Bill Schalliol, Economic Development Planner Subject: Resolution 2714, Setting Acquisition Value for 4215 S Main Street Date: July 20, 2010 Attached is Resolution 2714 which is an acquisition resolution related to the acquisition of property located at 4215 South Main Street within the South Side Development Area. The subject parcel was added to the South Side Development Area Acquisition List by Resolution No. 2337 on May 19, 2006. The proposed acquisition property is located at 4215 South Main Street and has a single family structure located on the parcel. The acquisition of the parcel is necessary to facilitate streetscape and corridor improvements within the Erskine Hills Shopping District and to allow for the future construction of the Main-Lafayette connector project. The acquisition of this property will facilitate many of the goals and objectives detailed in the South Side Development Area Development Plan. The staff obtained two independent appraisals for the property and the average of the two is Seventy-Nine Thousand Five Hundred ($79,500.00) Dollars. If approved by the Redevelopment Commission, a purchase offer will be sent to the property owner at the aforementioned amount. Staff requests approval of this resolution. What We Do Today Makes A Difference!