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27V
<br />REGULAR MEETING AUGUST 27, 1991
<br />Commencing at the Northwest corner of Lot 11, also being
<br />the intersection of the East right-of-way line of Rush
<br />Street and the South right-of-way line of a 12.50 foot
<br />alley; thence North 89040141" East (bearing assumed),
<br />110.00 feet along said South right-of-way line; thence
<br />South 00001154" East, 29.50 feet; thence South 89040141"
<br />West, 110.00 feet to the East right-of-way line of Rush
<br />Street; thence North 00001`54" West 29.50 feet along said
<br />East right-of-way line to the Point of Beginning.
<br />Commonly known as 514 Rush Street (the "Real Property");
<br />and
<br />WHEREAS, the Commission, in Resolution 1016, 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),
<br />Township Thirty-seven (37) North, Range Two (2) East,
<br />City of South Bend, Portage Township, St. Joseph County,
<br />Indiana, being part of Lots Numbered Eleven (11) and
<br />Twelve (12) of John Rush's 1st Addition, as recorded in
<br />Book 2, Page 53, at the St. Joseph County Recorder's
<br />Office in South Bend, Indiana, and described as follows:
<br />Commencing at the Northwest corner of Lot 11, also being
<br />the intersection of the East right-of-way line of Rush
<br />.Street and the South right-of-way line of a 12.50 foot
<br />alley; thence North 89040141" East (bearing assumed),
<br />110.00 feet along said South right-of-way line; thence
<br />South 00001154" East, 29.50 feet; thence South 89040141"
<br />West, 110.00 feet to the East right-of-way line of Rush
<br />Street; thence North 00001154" West 29.50 feet along
<br />said East right-of-way line to the Point of Beginning.
<br />Commonly known as 514 Rush Street (the "Real Property"),
<br />under terms and conditions that are substantially similar to
<br />those embodied in the Lease, shall be, and hereby is, approved,
<br />subject to the approval of the South Bend Redevelopment
<br />Authority.
<br />2. That the sub -lease, a true and complete copy of which is
<br />
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