08/03/98 Board of Public Works Minutes

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WHEREAS, the City of South Bend, Indiana (hereinafter the "City"), owns or is in the process of acquiring thirty (30) parcels of real property situated in the City of South Bend, St. Joseph County, Indiana, and being more particularly described as follows: See Exhibit A WHEREAS, said real property was not obtained by the City through eminent domain; and WHEREAS, the care, custody and control of City real estate is vested in the Board of Public Works pursuant to I.C. 36-9-6-3; and WHEREAS, American Home Dreams, Inc., (hereafter AHD) desires to obtain ownership of the above -described real estate for development of good quality, affordable housing for residents with low or moderate incomes; and WHEREAS, the above -described real estate is in an area which has been targeted for redevelopment; and WHEREAS, I.C. 36-1-114.2 allows the Board to sell property not acquired through eminent domain for the purpose of promoting an economic development project or facilitating compatible land use planning; and WHEREAS, the construction of affordable in -fill housing is consistent with these purposes; and WHEREAS, the Board will obtain joint appraisals on each parcel by two appraisers. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana, as follows: 1) The City shall transfer, to AHD, for the Sum of Ten Dollars ($10.00) thirty (30) parcels of real property more particularly described as follows: See Exhibit A 2) Said transfer shall be subject to a purchase agree- ment setting forth the terms and conditions of the sale. 3) Said transfer shall be accomplished by a warranty deed, executed by the Mayor of the City of South Bend and attested to by the South Bend City Clerk. Adopted this 3rd day of August, 1998. BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA s/James R. Caldwell, President s/Lewis N. Powell, Member ATTEST: s/Angela K. Jacob, Clerk APPROVAL OF RECOMMENDATION - TO CLOSE STREET - BLOCK PARTY Mr. Caldwell stated that favorable recommendations have been received by the Division of Engineering, Police Department and the City Attorney's office, in reference to a request as submitted by Ms. Nancy Schroder, 822 South 33rd, South Bend, Indiana to conduct the above referred to block party, on August 4, 1998, on 33rd Street from Mishawaka Avenue to Wall Street. Upon a motion made by Mr. Powell, seconded by Mr. Caldwell and carried, the recommendation was approved.