08/27/91 Board of Public Works Minutes

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REGULAR MEETING AUGUST 27, 1991 WHEREAS, pursuant to I.C. 36-1-11-8, the City of South Bend, acting by and through the Board, may exchange or transfer property with another governmental entity upon terms and conditions agreed upon by the two (2) entities as evidenced by the adoption of substantially identical resolutions of each entity; and WHEREAS, the Commission has agreed to sublease the Real Property to the City of South Bend, and the City of South Bend, acting by and through the Board, has agreed to sublease the Real Property from the Commission under the terms and conditions of a sublease containing terms and conditions which are substantially similar to those embodied in the Lease, with the exception that the rent paid by the City to the Commission pursuant to said sublease shall be nominal in amount. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND AS FOLLOWS: 1. That the sublease of the following described real property by the South Bend Redevelopment Commission to the City of South Bend, acting by and through its Board of Public Works: A parcel of land in the West Half (1/2) of the Southeast Quarter (1/4) of Section Twelve (12), Township Thirty-seven (37) North, Range Two (2) East, City of South Bend, Portage Township, St. Joseph County, Indiana, being part of Lots Numbered Nineteen (19) and Twenty (20) of John Rush's 1st Addition, as recorded in Book 2, Page 53, at the St. Joseph County Recorder's Office in South Bend, Indiana, and described as follows: Commencing at the Southwest corner of Lot 18, also being the East right-of-way line of Rush Street, and the North right-of-way line of a 12.50 foot alley; thence North 89041140" East 100.00 feet along said North right-of-way line to the point of beginning; thence North 00001'54" West, 40.00 feet; thence North 89041'40" East, 110.11 feet to the West right-of-way line of Lincolnway; thence South 37021'40" East, 50.12 feet to the North right-of-way line of a 12.50 foot alley; thence South 89041140" West, 140.50 feet along said North right-of-way line to the point of beginning. Commonly known as 618 Lincolnway East (the "Real Property"), under terms and conditions that are substantially similar to those embodied in the Lease, shall be, and hereby is, approved, subject to the approval of the South Bend Redevelopment Authority. 2. That the sub -lease, a true and complete copy of which is attached hereto, and containing terms and conditions which are substantially similar to those embodied in the Lease, with the exception that the rent paid by the City to the Commission shall be nominal in amount, shall be, and hereby is approved and ordered executed. 3. That this Resolution shall be in full force and effect Upon its adoption. ADOPTED this 27th day of August, 1991. CITY OF SOUTH BEND BOARD OF PUBLIC WORKS s/John E. Leszczynski s/Patricia E. DeClercq