Commission OKs sale of small Bankview Lot 6 at Lux Haven to adjacent owner at appraised value

The Fishers Redevelopment Commission adopted a resolution declaring Lot 6 at Lux Haven in the Bankview area best used if sold to an adjacent property owner and authorized staff to provide the required notice to proceed with that sale.

A staff presenter told commissioners the lot is irregularly shaped, entirely in floodplain, and that the exact square footage was not available in the discussion. The lot was appraised at $4,000. "I don't have the exact square footage of the lot, but this lot has been appraised. Appraised for $4,000," the presenter said.

Why it matters: the commission's resolution establishes the highest-and-best-use determination necessary to move ahead with a sale of surplus or underused city-owned property. Because the parcel is in floodplain and is small and irregular, staff recommended sale to an adjoining owner as the most practical disposition.

Action taken: commissioners moved, seconded and approved the resolution by voice vote; the transcript records votes as "aye" and the chair declared the motion carried. Staff noted no additional city approvals would be required to complete the sale beyond the notice and related transfer steps described in the transaction documents.

Clarifications recorded in the meeting: staff said the parcel had been appraised for $4,000 and emphasized the floodplain condition and irregular shape as reasons supporting sale to the adjoining owner. The transcript does not include the lot's exact acreage or the buyer's name.

Next steps: staff will provide the notice required to proceed with the sale and will follow up on any signature or transfer steps; staff said it may only require a single signature depending on how the transfer documents were set up.