02/15/93 Board of Public Works Minutes

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7 051 REGULAR MEETING FEBRUARY 15 1993 WHEREAS, the Real Estate is a vacant parcel of land; and WHEREAS, the Board has received a request from Southhold Restorations, Inc. ("Southhold"),, an Indiana not -for -profit corporation exempt from federal income taxation under Section 501 of the Internal Revenue Code, to acquire the Real Estate; and WHEREAS, Southhold has proposed to relocate to the Real Estate a single family home that would otherwise have been demolished in order to allow for business growth and development; and WHEREAS, Southhold has proposed to rehabilitate the house it desires to relocate to the Real Estate in order to add to the number of affordable housing units available.within the City; and WHEREAS, the Board has determined that it is in the best interests of the City to transfer the Real Estate to Southhold for this purpose; and WHEREAS, the City, acting through the Board, has determined that it may transfer the Real Estate to Southhold pursuant to I.C. 36-1-11-1(a)(7), and has approved a form of Contract for Sale of Land between the City and Southhold concerning the sale of the Real Estate, which it has determined adequately protects the interests of the City, a copy of which Contract is incorporated herein and made a part hereof by reference. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF SOUTH BEND BOARD OF PUBLIC WORKS AS FOLLOWS: 1. The transfer to Southhold of the following described property situated in St. Joseph County, Indiana: A parcel of land in the Southwest Quarter of Section 12, Township 37 North, Range 2 East, City of South Bend, Portage Township, St. Joseph County, Indiana, being platted as Denniston & Fellows Addition as recorded in Book 2, Page 48, at the St. Joseph County Recorder's office in South Bend, Indiana, and described as follows: Beginning at an iron at the intersection of the East right-of-way line of Carroll Street and the South right-of-way line of South Street; thence South 89039147" East (bearing assumed), 141.50 feet along said South right-of-way line to the Point of Beginning; thence continuing South 89*39147" East, 50.00 feet along said South right-of-way line; thence South 00000'00" East, 115.50 feet to the North right-of-way line of a 14.00 foot alley; thence North 89039147" West, 50.00 feet along said North right-of-way line; thence North 00000'00"West, 115.50 feet to the South right-of-way line of South Street and the Point of Beginning, and containing 0.1326 acres, more or less, and is subject to all easements, restrictions and or covenants of record, commonly known as 312 East South Street, South Bend, shall be and hereby is approved, subject to the terms and conditions of the Contract for Sale of Land. 2. The Contract for Sale of Land is hereby approved and ordered executed. 3. The appropriate form of Quitclaim Deed concerning the real estate is hereby approved and the Mayor and City Clerk of the City of South Bend are hereby authorized and directed to execute and attest to the execution of the same, respectively.