06/25/73 Board of Public Works Minutes

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A6 REGULAR MEETING JUNE 25, 1973 NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana: 1. That the Board now establishes valuation for the hereinafter described parcel of real estate for the purpose of offering the sale of the same as follows: Description Valuation Lot No. 7 (Portion of this lot) on Recorded $1,310.00 Plat of Hickey's Sub. of Lot Numbered 150 in Sorin's 2nd Addition to the Town of Lowell, now a part of the City of South Bend (917 N. Hill Street) 2. As to the properties located at 11.34 East Cedar Street and 1230 West Colfax Avenue, heretofore having been offered for sale for the price of $1,510.00 for the Cedar Street property, and $560.00 for the Colfax Avenue property, with no bids having been received equal to the offering prices said properties are now ordered sold on credit pursuant to Chapter 30A of the Municipal Code of the City of South Bend, Section 2 (e) (4) which provides that if there are no bids received for properties equal to the offering prices, then the Board may offer the property for sale at not less than the offering price on credit in payments not to exceed three years, payable in equal quarterly installments with interest of eight (8) per cent. 3. The Board shall prepare an offering sheet for each parcel herein pursuant to ordinance and.copies of the offering sheet shall be on file at the Board of Public Works and shall be made available to the public upon request. 4. The Board may offer for sale at private sale without notice, and for not less than the value established by the Board herein, any property valued by the Board at less than $1,000.00. 5. As to properties valued by the Board at $1,000.00 or more,, the Board shall sell such property by published notice calling for sealed bids for cash at not less than the offering price, 6. Published notice of the offering of said parcels for sale shall be given by publication on the 29 day of June, 1973.and on the 6 day of July, 1973 in the South Bend Tribune and the Tri-County News, which notice shall contain the information as required by Chapter 30A of the Municipal Code of the City of South Bend. 7. Bids shall be opened by the Board at its public hearing on the 23 day of July, 1973 and bids may be received in the offices of the Board until 9:30 o'clock A.M. on the 23 day of July, 1973. Adopted this 25 day of June, 1973. ATTEST: s/ Patricia DeClercq Clerk, Board of Public Works BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND s/ Rollin E. Farrand President s/ James R. Seitz Member