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Home My WebLink AboutCC-12-13-00-01 Silverman Prop SPONSORED BY: Councilor Wilson RESOLUTION NO. CC-12-13-00-01 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, REGARDING THE PURCHASE OF SPECIFIED PROPERTY WHEREAS, the Common Council of the City of Carreel, Indiana (the "Council"), is the fiscal body for the City of Carmel, Indiana (the "City"); and WHEREAS, the Council has determined that a need exists for the City's acquisition of that certain specific property and any existing structures located thereon (the "Property"), which Property includes the property at street addresses 1507 East 116th Street (the Silverman property), 1427 East 116th Street (the Damjan property) and 1411 East 116th Street (the Corder property), all lo~ted in the City of Carm County of Hamilton, State of Indiana, and which Property is more fully described in Exhibit A, ~hereto and made a part hereof by this reference; and WHEREAS, the Council is interested in purchasing the Property in order to construct a new City vehicle housing and maintenance facility (the "Vehicle Maintenance Facility"), and for all other lawful purposes. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, AS FOLLOWS: 1. That the foregoing Recitals are incorporated herein as though fully set forth hereinbelow. 2. That, pursuant to Indiana Code 3-1-10.5-5, the Council hereby states that it is interested in purchasing the Property described on attached Exhibit A, such Property to be used in the construction of the Vehicle Maintenance Facility, and for all other lawful purposes. 3. That this Resolution shall take effect upon its passage by Council and such execution by the Mayor as is required by law. SORESOLVED. PAS_SED AND APPROVED by the Common Council of the City of Carreel, Indiana, this dayof /)&~C;dn×ttet' ,2000, byavoteof ~' ayesand () nays. Prepared by Douglas C. Haney, Carmel City Attorney SPONSORED BY: Councilor Wilson A ES f~ TT T: Diana L. Cordray, IAMC5 ; nt.L~to the Mayor of the City of Cannel, Indiana, this ,2000. //~y of Diana L. Cordray, IA~ Approved by me, the Mayor of the City of Carrnel, Indiana, this 3~ day of 2000. ATTEST:C~ Diana L er J Brainard, Mayor Council Resolution No CC-12-13-00-01 Page Two of Two Pages Prepared by Douglas C, Haney, Carmel City Attorney IDENTIFICATION OF SUBJECT PROPERTY Subject Property Location Situated at the 1400 block of East 116'h Street, the subject is located between College Avenue, (to the west), and Range Line Road, (to the east). The subject is located in the soWhwest quadrant of the City of Carmel. For GPS purposes, the subject property's physical location is identified as follows: Latitude: 39.956246° N or 39° 57' 22.486" N Longitude: -86.129181 °W or 86° 07' 45.052" W Subject Property Overview The subject of this report constitutes an existing ~6,409 grs. fi: (gross living area) ranch-style single family residence and numerous out-buildings that is developed upon the north portion of a rectangularly configured +_.8.63 grs. acre tract of land. Out-buildings and site improvements include; a combination four-car garage and horse stable facility; combination one-car garage and pool-house facility; swimming pool and hot tub with surrounding poured concrete deck; lighted tennis court; and a grounds maintenance facility. Property Ownership - Hamilton County Assessor's Office Parcel Identification According to the Hamilton County Assessor's Office, the subject property is comprised of four parcels. These parcels - and their indicated acreage - are identified as follows: Mr. Sidney V Corder 17-13-01-02-02-002-000 3.71 grs. ac. Acquired October 10, 1997 " ' 17-13-01-02-02-003-001 0.43 grs. ac. ' " ' 17-13-01-02-02-004-000 0.44 grs. ac. " " 17-13-01-02-02-005-000 4.00 grs. ac. Records on file with various Hamilton County Authorities indicates the subject is comprised of +8.53 grs. acres. Interestingly, an analysis of the metes and bounds legal description indicates the subject site possesses '4-8.6345 grs. acres. For the purpose of this analysis, our office differs to the area indications yielded by way of the metes and bounds legal description. Transfer History By way of our review of Sales Disclosure records maintained on file within the Hamilton County Assessor's Office, fee simple estate title to the subject property was acquired by Mr. Sidney V. Corder from Estridge Development Corporation in exchange for $825,000. Adjusted solely for inflation - and not considering the numerous improvements made to 'the s~bjeet property since the October, 1997 acquisition - the historic sales price equates to ±$888,300 in'November, 2000 U.S. Dollars. Development History Records on file with the Hamilton County Assessor's Office indicate that the subject property's primary residence was originally developed in 1946, with subsequent out-building development, as well as interior refurbishment, occurring at various points in time from the mid 1970's to the present. Discussion of the subject property's various site and building improvements is presented within the Improvement Analysis section of this report. Exhibit A 1 of 7 · ,-- --, ,,,an i iv~Sitc~'P!an'Skelch~rS~Ej~'CfP'~n~r"tv as seen in conted with properties appraisccl at 1427 and 1507 East 116'" Street North is Up Subject~roperty Outlined with Bold Property Line Scale 4'1" = 150.0' Exhibit A 2 of 7 IDENTIFICATION OF SUBJECT PROPERTY Subiect Property Location Situated at the 1400 block of East I16'h Street, the subject is located between College Avenue, (to the west), and Range Line Road, (to the east). The subject is located in the southwest quadrant of the City Carreel. For GPS purposes, the subject property's physical location is identified as follows: Latitude: 39.956256° N or 39° 57' 22.522" N Longitude: -86.128533°W or 86° 0T 42.719" W Subject Property Overview The subject of this report constitutes an existing _+1,201 grs. ~2 (gross living area) ranch:style single family residence that is developed upon the northeast portion of a rectangularly configured _+9.73 grs, acre tract of land. Property includes a _+375 ft: breeze-way that acts as a connector to a _+988 grs. ft2 combination two-car garage, (_+416 ~), and guest quarters, (_+ 572 ft2). Additional out-building includes 528 ft2 detached garage. Property Ownership - Ham~ton County Assessor's Office Parcel Identification According to the Hamilton County Assessors Office, the subject property is comprised of a _+9.73 grs acre parcel. This parcel is identified as follows: Ms. Deuce M. Damian 17-13-01-00-00-008-000 9.73 grs. ac. Acquired February 14, 2000 Our office's analysis of the subject property's metes and bounds legal description similarly indicates that the subject site possesses _+9.73 grs. acres. Transfer Histon' By way Of our review of Sales Disclosure records maintained on file within the Hamilton County Assessor's Office, fee simple estate title to the subject property was acquired by Mr. Sidney V. Corder from Mr. Harry H. Ward in exchange for $285,000 on September 15, 1999. Mr. Corder is the owner of the neighboring property to the subject's immediate west (1411 E. I16'b Street). Subsequently, Mr. Cottier transferred title to the subject by way of a Quitclaim Deed to Ms. Deuce M. Damjan on February 14, 2000. Mr. Corder indicates that he and Ms. Damjan maintain possess a familial relationship. Adjusted solely for inflation - and not considering improvements made to the subject property since the September, 1999 acquisition - the historic sales price equates to _+$295,350 in November, 2000 U.S. Dollars. '~: ·. Development History Records on file with the Hamilton County Assessor's Office indicate that the subject property's primary residence was originally developed in 1939, with subsequent out-building development, as well as interior refurbishment, occurring at various points in time from the early 1940's to the present. Discussion of the subject property's various site and building improvements is presented within the Improvement Analysis section of this report. Exhibit A 3 of 7 ....................... tmrodue~.~Pl,al~ki~tcn'a a'e-~t'lrr0-t~gi;~ ............................ as seen in cont perties appraised at 14]]~f~ E 07 asti16'"Street g North is U~p !Subject Property Outlined in ~old Scale ±1" = 150.0' Exhibit A 4 of 7 IDENTIFICATION OF SUBJECT PROPERTY Subject ProperW Location Situated at the 1500 block of East 116'h Street, the subject is located between College Avenue, (to the west), and Range Line Road, (to the east). The subject is located in the southwest quadrant of the City of Carreel. For GPS purposes, the subject property's physical location is identified as follows: Latitude: 39.956266° N or 39° 57' 22.558" N' Longitude: -86.127847°W or 86° 0T 40.249" W Subject Property Overview The subject of this report constitutes an existing ---3,537 grs. ft2 (gross living area) 1.5 level single family residence that is developed upon the northeast portion of a rectangularly configured _*.9.316 grs. acre tract of land. Property includes a *338 ft2 detached guest residence, a __.451 ft2 detached garage, and a 4-605 three-. stall horse stable facility. Property Ownership - Hamilton County Assessor's Office Parcel Identification According to the Hamilton County Assessors Office, the subject property is comprised of a 4- 9 32 grs. acre parcel. This parcel is identified as follows: Mr. Morris A. Silverman 17-13-01-00-00-0094)00 9.31 grs. ac. Acquired in 1967 Our office's analysis of the subject property's metes and bounds legal description generally confirms the subject property's indicated site area. For the purpose of this analysis, the subject property is considered to possess 4-9.32 grs. acres. Transfer History - Listing History During the course of our office representative's inspection, Mrs. Silverman communicated that the subject property was acquired by the Silvermarts in 1967. Transfer records on file with the Hamilton County Auditor's Office indicate that title transfers occurring in 1992 and 1999 were from Silverman to Silverman. These records are found to represent Quitclaim Deeds. Our review of the local MLS system indicates that the subject property was made available for sale from April, 1998 through September, 1998 at a list price of $449,900. The owner indicates that no acceptable offers were forthcoming during that period. Adjusted solely for inflation - and not considering improvements made to the subject since 1998 - the historic list price equates to 4-$480,000 in November, 2000 U.S. Dollars. Development History Records on file with the Hamilton County Assessor's Office indicate that the subject property's primary residence was developed in 1900. By way of our discussion with the owner, we understand that the subject is believed to have been originally developed in the 1820's or 1830%. Of course there have been numerous changes, improvements and refurbishment to the property since originally constructed. Discussion of the subject property's various site and building improvements is presented within the Improvement Analysis section of this report. Exhibit A 5 of 7 Property indicated by Bold Pr ~perty Line ! Scale~Ll" ~ 150 O' Exhibit A 6 of 7 Port of the Not4.heast Gjortef of SecU~ 1. T~ 17 N~. R~gs 3 Cast ~ Hom~lt~ R~ge 3 ~ost 9~.33 f.t N~ 89 degrees 12 ~tea ~ seconds ~o$t 234. ~ the Office 01 ~e HamPton County R~ce N~m ~ ~egre~ 14 m~utes 3~ W~t ~ and Ol~g the Eost I~oe sl ~n~r~ ~iti~", 371.16 feet ~ Point; ~to~g 3.7~ ,:es. more w less. (Parc~ No. 17-1~-01-02-02- ALSO ~mm~g at ~e Northw,t ~ of the N~kst ~ortor of kU~ T. Town~ip 17 N~, R~9I ~ [~ th~ Nor~ 89 d~rm 12 m~utes ~ s~s East I~.(P~ 1~-13-01-02-02-005.~) ~0 A p~ Of the N~h~st ~ or ~ti~ ~e (t~ T~mlp Seretin (17) N~. 00~.0~) P~t o~ ~e N~ffie.t ~ff of SecU~ 1. T.wnt~ 17 N~, RMge 3 East of ~e ~m~ ot ~e N~thet cm~ of ~id ~ Secti~: ~ce ~ ~e N~ffi I~e ~f. ~th 89 d~es 12 mhut~ ~ lecon~ W,t (sm~ ~g) 11~25 feet to deskled ~ ~ deed to H~y H. end O~oth~ H. i, rec~ in ~ed B~ t~, page ~d 17-13-01-0Z-02-~.000) Nor~ 1465.35 f,t to the Nw~ I~ne of ~gi6 N~t Htf of ~e N~ffi~st Quort~ Exhibit A 7 of 7