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Wednesday, February 12, 2014

Ind. Gov't. - "Cash-poor Carmel Redevelopment Commission has $200M in real estate"

A reader sent me this post from Current in Carmel, written by Karen Kennedy, relating to the CRC's real estate holdings. From the story: "The CRC is currently accepting bids on two properties"

It is unclear whether the CRC obtained appraisals on these properties before purchasing them. It is unclear whether the CRC obtained appraisals on these properties before purchasing them. * * *

It is also unclear whether the CRC was even obligated to obtain appraisals, as municipalities are. Indiana Code doesn’t explicitly specify that appraisals are required. * * *

The State Board of Accounts declined to address the issue and directed the question to the Indiana Attorney General.

Brian Corbin, the Indiana Attorney General’s Office’s public information officer, said, “This question is outside our jurisdiction. We do not represent local government. We represent the state. We are not here to interpret the law for you and we do not provide free legal advice. We are not the ‘ask a lawyer’ hotline.”

No further legal interpretation was available as of press time.

Posted by Marcia Oddi on February 12, 2014 12:09 PM
Posted to Indiana Government