05/23/94 Board of Public Works Minutes

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.78 Attor which prope seeki Mr. C Leszc Resol MEETING MAY 23, 1994 y Anne Bruneel noted that the City owns the property on entury Center is built. This Resolution transfers the y to the Redevelopment Authority in anticipation of their bonds for improvements to the facility. Therefore dwell made a motion that the Resolution be adopted. Mr. nski seconded the motion which carried and the following ion No. 17-1994 was adopted: RESOLUTION NO. 17-1994 A RESOLUTION OF THE _CITY OF SOUTH BEND, INDIANA ACTING BY AND THROUGH ITS BOARD OF PUBLIC WORK APPROVING THE TRANSFER OF REAL PROPERTY TO THE SOUTH BEND REDEVELOPMENT AUTHORITY WHEREAS, the real property generally described as follows and situat d in St. Joseph County, Indiana, is owned by the City of South Send, Indiana (City), and underlies certain public improvements and facilities owned by the South Bend Civic Center Building Authority and commonly known as the Century Center: See Exhibit "A," hereto (Real property); and WHEREAS, the South Bend Civic Center Building Authority (CCBA) owns those facilities and improvements comprising the Century Center (Century Center Facilities); and WHEREAS, the City has an option to purchase the Century Center Facilities from the CCBA for the price and in the manner more fully set forth in the Lease between the City and the CCBA dated as of August 25, 1975, recorded as document number 200654 in Miscellaneous Record 295 at pages 102 to 123 in the Office of the St. Joseph County Recorder, and amended by an Amendment to Lease dated as of June 1, 1977 recorded as document number 238491 in Miscellaneous Record 307 at pages 10 - 15 in the Office of the St. Joseph County Recorder, and further amended by Addendum to Lease dated as of April 1, 1994 and recorded as document No. 9416263 in the Of ice of the St. Joseph County Recorder (Option); and W EREAS, the South Bend Redevelopment Authority (Authority) is a body corporate and politic operating under and pursuant to I.C. 3-7-14.5; and W EREAS, the Authority desires to purchase the Real Property and Ce tury Center Facilities and to make additional improvements to the same; and WHEREAS, the Authority, on May 17, 1994, adopted its Resolution 91 resolving to issue bonds to finance the costs of acquiring the Century Center facility and constructing certain additional improvements to be made to the Real Property; and EREAS, pursuant to I.C. 36-9-6-3, the Board of Public Works of the City of South Bend (Board) has custody of and may maintain all re 1 property of the City; and WHEREAS, the Authority desires to acquire the Real Property from the City and the City desires to transfer the Real Property to the Authority in order to allow certain additional improvements to be nade to the Real Property; and W EREAS, pursuant to I.C. 36-1-11-8, the City, acting by and througl the Board, may exchange or transfer property with another governmental entity upon terms and conditions agreed upon by the two (2) entities as evidenced by the adoption of substantially 1 1 1