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REGULAR MEETING
<br />FEBRUARY 15, 1993
<br />being platted as Denniston & Fellows Addition as recorded
<br />in Book 2, Page 48, at the St. Joseph County Recorder's
<br />office in South Bend, Indiana, and described as follows:
<br />Beginning at an iron at the intersection of the East
<br />right-of-way line of Carroll Street and the South
<br />right-of-way line of South Street; thence South
<br />89139147" East (bearing assumed), 141.50 feet along
<br />said South right-of-way line to the Point of
<br />Beginning; thence continuing South 89139147" East,
<br />50.00 feet along said South right-of-way line;
<br />thence South 00000'00" East, 115.50 feet to the
<br />North right-of-way line of a 14.00 foot alley;
<br />thence North 89039147" West, 50.00 feet along said
<br />North right-of-way line; thence North 00*00,00"
<br />West, 115.50 feet to the South right-of-way line of
<br />South Street and the Point of Beginning, and
<br />containing 0.1326 acres, more or less, and is
<br />subject to all easements, restrictions and or
<br />covenants of record, commonly known as 312 East
<br />South Street, South Bend ("Real Estate"); and
<br />WHEREAS, the Authority, in Resolution , adopted on
<br />February 5, 1993, expressed its desire to convey its interest in
<br />the Real Property to the City of South Bend, Indiana; and
<br />WHEREAS, the City of South Bend is desirous of receiving the
<br />Real Property from the Authority; and
<br />WHEREAS, pursuant to I.C. 36-9-6-3, the Board of Public Works
<br />of the City of South Bend (the "Board") has custody of and may
<br />maintain all real property of the City of South Bend; and
<br />WHEREAS, pursuant to I.C. 36-1-11-8, the City of South Bend,
<br />acting by and through the Board, may exchange or transfer
<br />property with another governmental entity upon terms and
<br />conditions agreed upon by the two (2) entities as evidenced by
<br />the adoption of substantially identical resolutions of each
<br />entity; and
<br />WHEREAS, by Resolution No. 33, adopted March 8, 1991, the
<br />Authority has elected to abide by the provisions of I.C.
<br />36-1-11-8 with regard to the transfer by it or to it of real
<br />property to or from another governmental entity; and
<br />WHEREAS, the Authority has agreed to convey its interest in
<br />the Real Property to the City of South Bend, and the City of
<br />South Bend, acting by and through the Board, has agreed to accept
<br />the Real Property from the Authority for One Dollar ($1.00) and
<br />other good and valuable consideration.
<br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
<br />REDEVELOPMENT COMMISSION AS FOLLOWS:
<br />1. That the conveyance of the following -described real
<br />property by the South Bend Redevelopment Authority to the City of
<br />South Bend, acting by and through its Board of Public Works:
<br />A parcel of land in the Southwest Quarter of
<br />Section 12, Township 37 North, Range 2 East, City
<br />of South Bend, Portage Township, St. Joseph County,
<br />Indiana, being platted as Denniston & Fellows
<br />Addition as recorded in Book 2, Page 48, at the St.
<br />Joseph County Recorder's office in South Bend,
<br />Indiana, and described as follows:
<br />Beginning at an iron at the intersection of the
<br />East right-of-way line of Carroll Street and the
<br />South right-of-way line of South Street; thence
<br />South 89039147" East (bearing assumed), 141.50 feet
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