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Resolution No 10-2024 - Agreement to Authorize the Purchase of 1150 E. Mishawaka Ave. (Kelly’s Pub)
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Resolution No 10-2024 - Agreement to Authorize the Purchase of 1150 E. Mishawaka Ave. (Kelly’s Pub)
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4/17/2025 3:38:19 PM
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3/12/2024 2:47:33 PM
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Board of Public Works
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Resolutions
Document Date
3/12/2024
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e) identify the characteristics of the property that are relevant to the purpose and intended <br />use of the appraisal including <br />i) it's location and physical, legal and economic attributes: <br />The subject site is improved by a commercial building used as a bar. it is located in a <br />neighborhood in need of renewal.. <br />ii) Property Interest being appraised: Fee simple <br />iii) Any personal property, trade fixtures, or intangible items that are not real property <br />but are in the appraisal. None are identified <br />iv) Any known easements, restrictions, encumbrances, leases, reservations, covenants, <br />contracts, declarations, special assessments, ordinances, or other items of a similar <br />nature; and: None are noted. <br />v) Whether the subject property is a fractional interest, physical segment or partial <br />holding: Whole <br />f) identify any extraordinary assumptions necessary in the assignment: <br />None are noted <br />g) identify any hypothetical condition: <br />None are noted. <br />i) determine the scope of work necessary to produce credible assignment results in <br />accordance with the SCOPE OF WORK RULE. <br />Public record was used. Government and private sources were consulted for comparable and <br />Compliance data_ Sales comparison was developed as the most applicable approach. <br />3 <br />
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