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REGULAR MEETING
<br />MARCH 8, 1993
<br />March 5, 1993, expressed its desire to sublease the Real Property to
<br />the City of South Bend, Indiana; and
<br />WHEREAS, the City of South Bend is desirous of leasing the Real
<br />Property from the Commission; and
<br />WHEREAS, pursuant to I.C. 36-9-6-3, the Board of Public Works of
<br />the City of South Bend (the "Board") has custody of and may maintain
<br />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 property
<br />with another governmental entity upon terms and conditions agreed upon
<br />by the two (2) entities as evidenced by the adoption of substantially
<br />identical resolutions of each entity; and
<br />WHEREAS, the Commission has agreed to sublease the Real Property
<br />to the City of South Bend, and the City of South Bend, acting by and
<br />through the Board, has agreed to sublease the Real Property from the
<br />Commission under the terms and conditions of a sublease containing
<br />terms and conditions which are substantially similar to those embodied
<br />in the Lease, with the exception that the rent paid by the City to the
<br />Commission pursuant to said sublease shall be nominal in amount.
<br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS OF
<br />THE CITY OF SOUTH BEND AS FOLLOWS:
<br />1. That the sublease of the following described real property by
<br />the South Bend Redevelopment Commission to the City of South Bend,
<br />acting by and through its Board of Public Works:
<br />PARCEL I: A part of Lot Lettered "G" as shown on the
<br />recorded Replat and resurvey of Rush's Third Addition to the
<br />City of South Bend, in St. Joseph County, Indiana, recorded
<br />April 23, 1891 in Plat Book 5, page 61, which part is
<br />bounded by a line running as follows, viz: Beginning at the
<br />Southwest corner of said Lot Lettered "G"; thence running
<br />North on the West line thereof, a distance of 41 feet;
<br />thence East 51 feet; thence South 41 feet to the South line
<br />of said lot; thence West 51 feet to the place of beginning.
<br />PARCEL II: A part of Lots Lettered "F" and "G" as shown on
<br />the Replat of Resurvey of Rush's Second and Third Additions
<br />to the City of South Bend, recorded April 23, 1891, in the
<br />Office of the Recorder of St. Joseph County, Indiana, in
<br />Plat Book 5, page 61, which part is described as follows,
<br />to -wit: Beginning at a point 35 feet West of the South East
<br />corner of said Lot Lettered "G", thence North 72 feet;
<br />thence West 35 feet; thence South 72 feet to the South line
<br />of said Lot "G"; thence East on said South line 35 feet to
<br />the place of beginning, all being commonly known as 628 S.
<br />Rush Street, (the "Real Property"); and
<br />under terms and conditions that are substantially similar to those
<br />embodied in the Lease, shall be, and hereby is, approved, subject to
<br />the approval of the South Bend Redevelopment Authority.
<br />2. That the sub -lease, a true and complete copy of which is
<br />attached hereto, and containing terms and conditions which are
<br />substantially similar to those embodied in the Lease, with the
<br />exception that the rent paid by the City to the Commission shall be
<br />nominal in amount, shall be, and hereby is approved and ordered
<br />executed.
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