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4 17, <br />REGULAR MEETING JANUARY 22, 2001 <br />WHEREAS, the City of South Bend, Indiana (hereinafter the "City"), is the owner of one (1) <br />parcel of real property situated in the City of South Bend, St. Joseph County, Indiana, and being more <br />particularly described as follows: <br />Lot Numbered Sixteen (16) as shown on the recorded Plat of Haney's Addition to the City <br />of South Bend, St. Joseph County, Indiana. Commonly known as 113 Broadway. <br />WHEREAS, the care, custody and control of City -owned real estate is vested in the Board <br />of Public Works pursuant to I.C. 36-9-6-3 and 36-1-11-1, et seq.; and <br />WHEREAS, American Home Dreams, Inc., (hereafter AHD) desires to obtain ownership of <br />the above -described real estate for development of good quality, affordable housing for residents with <br />low or moderate incomes; and <br />WHEREAS, the above -described real estate is in an area which has been targeted for <br />redevelopment; and <br />WHEREAS, I.C. 36-1-11-4.2 allows the Board to sell property not acquired through eminent <br />domain for the purpose ofpromoting an economic development project or facilitating compatible land <br />use planning; and <br />WHEREAS, the construction of affordable in -fill housing is consistent with these purposes. <br />NOW, THEREFORE, BE IT RESOLVED by the Board ofPublic Works of the City of South <br />Bend, Indiana, as follows: <br />1) The City shall transfer to AHD one parcel of real property more particularly described <br />as follows: <br />Lot Numbered Sixteen (16) as shown on the recorded Plat ofHaney's Addition to the <br />City of South Bend, St. Joseph County, Indiana. Commonly known as 113 <br />Broadway. <br />2) Said transfer shall be subject to a purchase agreement setting forth the terms and <br />conditions of the sale. <br />3) Said transfer shall be accomplished by a quit claim deed, executed by the Mayor of <br />the City of South Bend and attested to by the South Bend City Clerk. <br />Adopted this 22°a Day of January, 2001. <br />BOARD OF PUBLIC WORKS OF THE <br />CITY OF SOUTH BEND, INDIANA <br />s/Gary Gilot, President <br />s/M. Catherine Roemer, Member <br />s/Don Inks, Member <br />ATTEST: <br />s/Angela K. Jacob, Clerk <br />ADOPT RESOLUTION NO. 6-2001 - AUTHORIZING THE TRANSFER OF CERTAIN <br />PARCELS OF PROPERTY TO AMERICAN HOME DREAMS, INC. <br />Upon a motion made by Mr. Gilot, seconded by Ms. Roemer and carried, the following Resolution <br />was adopted by the Board of Public Works: <br />A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE <br />CITY OF SOUTH BEND, INDIANA AUTHORIZING THE TRANSFER OF REAL <br />PROPERTY TO AMERICAN HOME DREAMS, INC. <br />I- <br />I <br />