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REGULAR MEETING
<br />AUGUST 27, 1991
<br />Southeast Quarter (1/4) of Section Twelve (12), Township
<br />Thirty-seven (37) North, Range Two (2) East, City of
<br />South Bend, Portage Township, St. Joseph County, Indiana,
<br />being part of Lots Numbered 14 and 21 of John Rush's 1st
<br />Addition, as recorded in Book 2, Page 53, at the St.
<br />Joseph County Recorder's Office in South Bend, Indiana,
<br />and described as follows:
<br />Commencing at the Northwest corner of Lot 11, also being
<br />the East right-of-way line of Rush Street, and the South
<br />right-of-way line of a 12.50 foot alley; thence North
<br />89041140" East (bearing assumed), 165.00 feet along said
<br />South right-of-way line; thence South 00001154" East,
<br />54.53 feet to the point of beginning; thence North
<br />89041140" East, 86.28 feet; thence North 71141'40" East,
<br />31.43 feet to the Southwesterly right-of-way line of
<br />Lincolnway; thence South 37021'40" East, 62.30 feet along
<br />said Southwesterly right-of-way line; thence South
<br />89041'40" West, 153►89 feet to the West line of Lot 14 of
<br />said John Rush's First Addition; thence North 00001154"
<br />West, 40.00 feet to the point of beginning. Commonly
<br />known as 626 Lincolnway East (the '?Real Property"); and
<br />WHEREAS, the Commission, in Resolution 1014, adopted on
<br />August 23, 1991, expressed its desire to sublease the Real
<br />Property to the City of South Bend, Indiana; and
<br />WHEREAS, the City of South Bend is desirous of leasing the
<br />Real Property from the Commission; 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, the Commission has agreed to sublease the Real
<br />Property to the City of South Bend, and the City of South Bend,
<br />acting by and through the Board, has agreed to sublease the Real
<br />Property from the Commission under the terms and conditions of a
<br />sublease containing terms and conditions which are substantially
<br />similar to those embodied in the Lease, with the exception that
<br />the rent paid by the City to the Commission pursuant to said
<br />sublease shall be nominal in amount.
<br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS
<br />OF THE CITY OF SOUTH BEND AS FOLLOWS:
<br />1. That the sublease of the following described real
<br />property by the South Bend Redevelopment Commission to the City
<br />of South Bend, acting by and through its Board of Public Works:
<br />A parcel of land in the West Half (1/2) of the
<br />Southeast Quarter (1/4) of Section Twelve (12), Township
<br />Thirty-seven (37) North, Range Two (2) East, City of
<br />South Bend, Portage Township, St. Joseph County,
<br />Indiana, being part of Lots Numbered 14 and 21 of John
<br />Rush's 1st Addition, as recorded in Book 2, Page 53, at
<br />the St. Joseph County Recorder's Office in South Bend,
<br />Indiana, and described as follows:
<br />Commencing at the Northwest corner of Lot 11, also being
<br />the East right-of-way line of Rush Street, and the
<br />South right-of-way line of a 12.50 foot alley; thence
<br />North 89041140" East (bearing assumed), 165.00 feet
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