11/27/00 Board of Public Works Minutes

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REGULAR MEETING NOVEMBER 27, 2000 WHEREAS, the above -described real estate is in an area which has been targeted for redevelopment; and WHEREAS, I.C. 3 6-1-11-4.2 allows the Board to sell property not acquired through eminent domain for the purpose ofpromoting an economic development project or facilitating compatible land use planning; and WHEREAS, the implementation and improvement of the City's intermodal transportation system is consistent with these purposes. NOW, THEREFORE, BE IT RESOLVED by the Board ofPublic Works ofthe City of South Bend, Indiana, as follows: The City shall transfer to South Bend Public Transportation Corporation, for the sum of Three and 00/000 Million Dollars ($3,000,000.00). 2. Said transfer shall be subject to the Contract for Sale and Purchase of Real Estate setting forth the terms and conditions of the sale. Said transfer shall be accomplished by a quit claim deed, executed by the Mayor of The City of South Bend and attested to by the South Bend City Clerk. ADOPTED at a meeting of the Board of Public Works of the City of South Bend held on November 27, 2000, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. BOARD OF PUBLIC WORKS CITY OF SOUTH BEND ATTEST: s/Angela K. Jacob, Clerk s/Gary Gilot, President s/M. Catherine Roemer, Member s/Donald E. Inks, Member ADOPT RESOLUTION NO. 118-2000 - RATIFYING CONFIRMING AND APPROVING CERTAIN ACTIONS RELATED TO THE ROBERT BOSCH CORPORATION PROJECT Upon a motion made by Ms. Roemer, seconded by Mr. Inks and carried, the following Resolution was adopted by the Board of Public Works: WHEREAS, the City of South Bend, Indiana (the "City") has determined that the retention and expansion of the Robert Bosch Corporation ("Bosch") located within the City is in the best interests of the City; and WHEREAS, in order to facilitate the retention and expansion of Bosch, City and Bosch have determined that the City shall acquire certain property and improvements in connection with Bosch's corporate operation (the "Property") and further, that the City shall lease the Property to Bosch and invest certain sums of money in the Property's remediation in return for Bosch's commitment to meet certain levels of employment (the "Project"); and WHEREAS, the City believes that the Project as described in the Agreement is in the best interests of the health, safety and the social and economic welfare of the City and its residents and that the Project complies with federal, state and local laws under which the Project has been undertaken as is being assisted; and