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~~~z) <br />• • ~ SpUTy 8F <br />a:~O~ ~1~ i~l~;/~~'~Q <br />i~ <br />Iv ~ ~d~ <br />Community & Economic Development "~~a~' <br />~. <br />,~ 1861- <br />1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 <br />To: Redevelopment Commission <br />From: David Relos, Economic Development Planner <br />Subject: Administrative Settlement for acquisition of 621 W. Indiana Ave. <br />Date: August 06, 2010 <br />This is the staff report for the administrative settlement that is needed for the acquisition of <br />621 W. Indiana Avenue. According to the Uniform Relocation Act (Act), which has been <br />adopted as the Commission's relocation policy, an administrative settlement is authorized in <br />cases where an additional payment is necessary to acquire a property. <br />On July 9, 2010, the Commission approved Resolution No. 2719, which authorized the <br />purchase of this property based upon its average appraised value of $20,250. Staff has <br />been working with the property owner, within the acquisition and relocation sections of the <br />Act, to reasonably reach an agreement to acquire this property. <br />Approximately $7,000 additional is needed to gain clear title to this property. Under the Act, <br />an administrative settlement is authorized, though not required, in a case such as this. <br />However, to acquire this particular property and gain clear title to it, the Act does authorize <br />this payment. <br />This property is a 1,300 square foot, two story, three bedroom single family residence. It <br />has a fenced yard, covered porch, patio, and storage shed. <br />Staff feels the total approximate acquisition cost of $27,000 is reasonable for this property, <br />in light of its size, condition, and amenities, and requests your approval of the administrative <br />settlement to allow the acquisition of this property. <br />What We Do Today Makes A Difference! <br />