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<br />REGULAR MEETING _ AUGUST 19, 1996
<br />AND 14§ kOF SAID SUBDIVISION TO THE POINT OF BEGINNING.
<br />ADOPT RESOLUTION NO.61-1996 - ACCEPT THE TRANSFER OF REAL PROPERTY FROM
<br />THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT
<br />Upon a motion made by Mrs. Manier, seconded by Mr. Caldwell and carried, the following
<br />Resolution was adopted by the Board of Public Works:
<br />RESOLUTION NO.61-1996
<br />A RESOLUTION OF THE BOARD OF PUBLIC WORKS
<br />OF THE CITY OF SOUTH BEND, INDIANA,
<br />ACCEPTING THE TRANSFER OF REAL PROPERTY
<br />FROM THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT
<br />WHEREAS, the City of South Bend, Indiana, Department of Redevelopment
<br />(Redevelopment) is the owner of the following described real property situated in St. Joseph County,
<br />Indiana:
<br />35.35' middle part lot G and 35.35' middle part lot F - Rush's 3rd Addition.
<br />Commonly known as 605 Bronson Street Key No. 18-3031-1184 (hereinafter
<br />referred to as the Real Property),
<br />and;
<br />WHEREAS, pursuant to I.C. 36-7-14-3, the South Bend Redevelopment Commission
<br />(Commission) is the governing body of the City of South Bend, Department of Redevelopment and,
<br />pursuant to I.C. 36-7-14-12.2 may dispose of the Real Property; and
<br />WHEREAS, Redevelopment, through the Commission, is desirous of transferring the Real
<br />Property to the City of South Bend, Indiana, with the understanding that the City of South Bend,
<br />Indiana, through its Board of Public Works, will subsequently dispose of the Real Property to the
<br />Housing Development Corporation of St. Joseph County, Inc., a non-profit corporation, exempt from
<br />income taxation under Section 5030 of the Internal Revenue Code, for use for housing purposes;
<br />and
<br />WHEREAS, pursuant to I.C. 36-1-11-8, Redevelopment, acting through the Commission and
<br />the City, acting by and through the Board, may exchange or transfer property with one another upon
<br />terms and conditions agreed upon by the two (2) entities as evidenced by the adoption of
<br />substantially identical resolutions of each entity; and
<br />WHEREAS, the South Bend Redevelopment Commission, at its meeting of August 16, 1996
<br />adopted its Resolution No. approving the transfer of the Real Property to the City for $1.00
<br />and upon the terms described hereinabove.
<br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS
<br />FOR THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
<br />1. That the transfer of the Real Property situated in St. Joseph County, Indiana, and generally
<br />described as follows:
<br />35.35' middle part lot G and 35.35' middle part lot F - Rush's 3rd Addition.
<br />Commonly known as 605 Bronson Street Key No. 18-3031-1184
<br />for $1.00 and upon the terms set forth hereinabove, by the City of South Bend, Indiana, Department
<br />of Redevelopment to the City of South Bend, Indiana, for subsequent transfer to the Housing
<br />Development Corporation of St. Joseph County, Inc., shall be, and hereby is, accepted.
<br />2. That the Clerk of the Board of Public Works shall cause the recording of the
<br />quitclaim deed conveying the Real Property to the City of South Bend, Indiana upon the receipt of
<br />
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