6.B.(1) Staff Report - Laserfiche WebLink

Home Browse Search

~ ~3 C ~~ - • • sourx eF e`~ h .l / mo u ~~~ , / `O Communit & Economic Develo ment =-`~_~`~ Y P ~~`~~,1865~~~-~ 1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: Bill Schalliol, Economic Development Planner ~ ~ `~' Subject: Property report related to Resolution 2551 Date: July 10, 2009 The following staff report is a property overview of the five (5) properties proposed to be added to the South Bend Central Development Area Acquisition List. The properties are all within the Coveleski Park Planning Area. A summary of information related to each parcel is listed below with general information about the parcel and a brief reuse proposal once acquired by the Commission. William Street Corridor The Manor Building 118 S William Street (2 parcels) Current Assessed Value: $239,600.00 Current Property Tax Value: $0.00 (tax exempt) Projected Site Redevelopment Costs: $350,000.00 The Manor is a former housing and program center owned by the Madison Center and vacated since summer 2008. Originally built as a nursing home, the building has become functionally challenged and would serve the William Street corridor as a clear development site to allow for new residential or mixed use development. The Commission has previously removed inconsistent land uses in this corridor like the former Basic Machine property (William and LaSalle) and the former Gates storage and salvage lot (William and Wayne). The Commission activities involved with this property would include acquisition, demolition, site preparation and marketing for redevelopment. The property is currently assessed as Not-For-Profit so any new private development on site would generate new taxable value. What We Do Today Makes A Difference!