06/23/87 Board of Public Works Minutes

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REGULAR MEETING JUNE 23, 1987 Commencing at a point on the East line of said Southeast Quarter, a distance of 556.45 feet South 0-00'00" East of the Northeast corner of said Quarter Section; thence South 88-38'-01" West, along the South line of a parcel of land conveyed to the Civil City of South Bend, a distance of 809.60 feet to the Southwest corner of said parcel; thence North 0-00'-00" West, along the West line of said parcel and parallel with said East line of. said Southeast Quarter, a distance of 155.00 feet to the place of beginning for this description; thence South 88-38'-01" West, parallel with said South line of said South Bend's parcel, a distance of 95.26 feet; thence North 00-00'-00" East, parallel with said East line of the Southeast Quarter, a distance of 170.95 feet to the South line of a parcel of land conveyed to Standard Federal Savings and Loan Association; thence North 88-37'49" East, along said South line, a distance of 95.26 feet to the West line of said land conveyed to the Civil City of South Bend; thence South 0-00'-00" West, along said West line, a parallel with said East line of the Southeast Quarter, a distance of 170.96 feet to the place of beginning containing 0.37 acres more or less. Subject to any easements, covenants or restrictions of record. 2. Erskine Plaza Associates has secured, at its own expense, a Quit Claim Deed to the City of South Bend from Place and Company and Andy Place in order to terminate any reversionary interest to the Place heirs for the property the City would be trading to Erskine Plaza Associates. Erskine Plaza Associates is prepared to provide the City with this documentation in the event the above mentioned 1.14 acre City parcel is acquired. 3. Erskine Plaza Associates, as contingent Purchaser of the contiguous property, is willing to, at its expense, install a 36" storm sewer outfall from the City retention pond to High Street; provide an easement to the City for the storm sewer; and dedicate the storm sewer to the City for the purpose of the City maintaining said storm sewer. 4. Erskine Plaza Associates, as contingent Purchaser of the contiguous property, is willing to, at its expense, excavate the City of South Bend retention pond and improve the appearance of the pond in order to accommodate the storm water run off caused by the project proposed by Erskine Plaza Associates, as well as satisfying the requirements previously determined by Cole Associates' drainage plan in conjunction with the by-pass project south of the proposed community shopping center. 5. In addition to the above four (4) items, Erskine Plaza Associates, at its expense, will place a traffic signal at the intersection of Ireland and High Streets to help with the volume of traffic on Ireland Road. Mr. Davey and Mr. Dunbar advised that in light of the above and the importance of the City's 1.14 acre parcel to the success of the proposed shopping center project, Erskine Plaza Associates feels that their offer will be of significant benefit to the City in exchanging the 1.14 acre parcel they currently own for Erskine Plaza Associates' 0.37 acre parcel.