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NOTICE TO ADJACENT PROPERTY OWNER <br />SALE OF CITY -OWNED PROPERTIES <br />Notice is hereby given that the City of South Bend, Indlana, through Its Board of PLihl]C Works. i, <br />offering for sale the following parcel of real estate located in South Bend, Indiana; <br />Key No. 18-7043-1694 <br />138 East Dayton <br />Lot 48 of Dubail's 3`1 Addition <br />This parcel is being sold under Indiana Code 36-1-11-5, where authority is granted to the Board of <br />Public Works to sell adjacent parcels of land to homeowners witli properties in good stand ing. �yllt) <br />may wish to acquire that property, all in the best interests of the City. You are receiving this notice <br />as an adjacent property owner. <br />The Board of Public Works has determined that the highest and best use of the adjacent properties is <br />its sale to an abutting land owner and offers an opportunity to create additional yard spice 1()1• zui <br />adjacent parcel that has very little; and that the cost to the public of maintaining the tract equals or <br />exceeds the estimated fair market value of the tract — tract's assessed value is $1,200.00 for property <br />tax purposes for Key No. 18-7043-1693. Tracts with an assessed value less than $2.000.00 based on <br />the mot recent assessment of the tract are not required to be appraised. <br />The minimum offering price is $1,000.00. Bidders will also be responsible for the cost of <br />advertising upon a successful negotiation and sale of the tract. The cost of advertising is esu mated at <br />$90.00. <br />This parcel may not be sold to a person who could have redeemed the tract at a tax sale and who did <br />not redeem the tract before a deed for the tract was issued to the County. An offer to purchase the <br />parcel that is submitted by a trust must identify each beneficiary of the tnist and settlor empowered to <br />evoke or modify the trust. <br />Bids to purchase said parcel must be received in the office of the Board of Public Works. 1 ) 16 <br />County -City Building, 131h Floor, South Bend, Indiana, on or before: <br />Publish Two (2) Times <br />March 24, 2006 <br />March 31, 2006 <br />April 10, 2006 at 9:30 a.m. Local Time <br />Board of Public Works <br />Angela K. Jacob., Clerk <br />2. Buyer agrees to pay the purcnasc lei t�,u, «u • �. • -o <br />the time ol,closing. <br />3, Buyer agrees to pay all title and abstract costs involved 'in said transaction which it <br />shall desire or request. <br />4. The conveyance of the aforementioned real properties is made so long as the lots are <br />not used as a building site for purposed of a new, single-family construction site. <br />