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264 <br />RECONVENE RECESSED REGULAR MEETING <br />JUNE 25, 1984 <br />ACCEPT AND APPROVE WARRANTY DEED CONVEYING GIFT OF LAND <br />Mr. Hill presented to the Board for acceptance and approval a <br />Warranty Deed in which The Torrington Company conveys to the City <br />of South Bend two (2) parcels of real estate located on West <br />Sample Street in St. Joseph County, Indiana, more particularly <br />described in the legal description contained in said Warranty <br />Deed. Upon a motion made by Mr. Hill, seconded by Mr. Vance <br />and carried, the above referred to Warranty Deed was accepted <br />and approved. <br />APPROVE AUTHORIZATION TO PETITION STATE BOARD OF TAX <br />COMMISSIONERS TO RELEASE ACCRUED TAXES ON REAL ESTATE <br />Mr. Hill presented to the Board a Petition to.Release accrued <br />taxes to be sent to the State Board of Tax Commissioners request- <br />ing the release of accrued taxes on the two (2) parcels of real <br />estate (Key #18-8112-4207; 18-8112-4215.07; and 18-8112-4215.03) <br />as conveyed to the City of South Bend by The Torrington Company, <br />said amount of accrued taxes being $1,594.51 for Fall 1983 - <br />payable 1984 and $1,594.51 for Spring 1983 - payable 1984. Mr. <br />Hill made a motion that the Board be authorized to Petition the <br />State Board of Tax Commissioners to Release said accrued taxes. <br />Mr. Vance seconded the motion, it carried and the appropriate <br />Petition was approved and executed. . <br />APPROVE AUTHORIZATION TO EXECUTE PURCHASE AGREEMENT AND <br />WARRANTY DEED TO BUSINESS DEVELOPMENT CORPORATION <br />Mr. Hill presented to the Board a Purchase Agreement between the <br />Business Development Corporation of South Bend, Mishawaka, and St. <br />Joseph County and the City of South Bend in which the BDC agrees <br />to purchase the two (2) parcels of real estate and building just <br />conveyed to the City by The Torrington Company. It was noted that <br />the BDC will sell said real estate and building to American Royal, <br />Inc, d/b/a A/R, Inc. Upon a motion made by Mr. Hill, seconded by <br />Mr. Vance and carried, the Purchase Agreement and Warranty Deed were <br />approved and the Purchase Agreement executed by the Board of Public <br />Works and Mr. Charles Leone and Mr. F.J. Nimtz, Vice -President and <br />President, respectively, of the Business Development Corporation of <br />South Bend, Mishawaka and St. Joseph County, Indiana. <br />APPROVE AUTHORIZATION TO EXECUTE AGREEMENT BETWEEN THE <br />CITY OF SOUTH BEND AND AMERICAN ROYAL, INC. <br />Mr. Hill made a motion that the Board of Public Works be authorized <br />to execute an Indemnification Agreement between the City of South <br />Bend and American Royal, Inc., said document not being available <br />at this time for execution. Mr. Vance seconded the motion and it <br />carried and the Board was given authorization to execute said <br />document subsequent to the meeting held today. <br />ADJOURNMENT <br />There being no further business to come before the Board, upon a <br />motion made by Mr. Hill, seconded by Mr. Vance and carried, the <br />reconvened meeting was adjourned at 5:00 p.m. <br />John E. Leszcz <br />ichard L. Hill <br />AT ST: Michael L. Vance <br />San ra M. Parmerlee, Clerk <br />1 <br />