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� /-s (�) <br />SOUTN 6� <br />04 � \�1lilll }�/ Nd <br />Community & Economic Development'��"Ce <br />1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 <br />To: South Bend Redevelopment Commission <br />From: Matthew Sikora, Economic Development Planner <br />Subject: Resolution No. 2856 <br />Date: March 22, 2011 <br />Attached is Resolution No. 2856 which sets the fair market value for the property referred to <br />as the 1 st Source Development Parcel. The property is located at 122 South Niles Avenue <br />and is comprised of tax parcels #018 - 5010 -0285, #018 -5010 -0286, #018 - 5010 -0287, #018- <br />5010 -0288, #018- 5010 -0290, #018- 5010 -0291, #018- 5010 -0292 and #018- 5010 -0293. The <br />entire property is 1.266 acres in size. The property is zoned "CBD" or Central Business <br />District. <br />The proposed fair market value of the property as derived at by two independent MAI <br />appraisals is $339,500.00. <br />Staff requests approval of Resolution No. 2856. <br />What We Do Today Makes A Difference! <br />