04/28/97 Board of Public Works Minutes

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167 REGULAR MEETING APRIL 28, 1997 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, AHD, Inc. 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. 36-1-11-4.2 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 and WHEREAS, the construction of affordable in -fill housing is consistent with these purposes; 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, Inc. for the Sum of two (2) 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 28th day of April, 1997. BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA s/Carl Littrell, Member s/James R. Caldwell, Member s/M. Catherine Roemer, Member ATTEST: s/Angela K. Jacob, Clerk APPROVAL OF PURCHASE AGREEMENT - AMERICAN HOME DREAMS INC. Mr. Caldwell stated that the Board is in receipt of an Agreement between the City of South Bend and American Home Dreams, Inc., for in -fill housing for low to moderate families on Broadway Street. Therefore, upon a motion made by Mr. Caldwell, seconded by Mr. Littrell and carried, the Agreement was approved and executed. In addition, Mr. Jon Hunt, Executive Director, Community and Economic Development, submitted a letter to the Board stating that the Board of Public Works will consider the sale of City -owed lots to American Home Dreams, Inc., for the development of affordable housing. AHDI is a private, non-profit company established to build or rehabilitate single- family housing in South Bend's lower income neighborhoods. Mr. Hunt noted for the record that he serves on the board of AHDI.