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Authorizing the Board of Public Works to approve the sale of lots numbered 20 and 21 of J. Miller's addition to the City of South Bend, commonly known as 2222 Lincoln Way West to Youth Facilities, Inc.
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Authorizing the Board of Public Works to approve the sale of lots numbered 20 and 21 of J. Miller's addition to the City of South Bend, commonly known as 2222 Lincoln Way West to Youth Facilities, Inc.
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
8/25/1980
Ord-Res Number
808-80
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casualty or any other cause, shall be the sole expense and re- <br />sponsibility of the City of South Bend, Indiana, which shall keep <br />the property in a good state of repair during the entire term of <br />the Lease /Purchase Agreement. Lessor's interest in the building <br />and its liability shall be insured under a policy providing limits <br />acceptable to Bidder. The City of South Bend, Indiana shall have <br />the right under the Lease /Purchase Agreement to purchase the pro- <br />perty at any time during the term of the lease for the amount paid <br />for the property by bidder, plus interest to the date of repurchase. <br />The Lease /Purchase Agreement shall contain such other terms and con- <br />ditions-as may be appropriate in opinion of counsel for the City and <br />Youth Facilities, Inc. All expenses of closing the purchase shall <br />be paid by City of South Bend, and the City shall prepare all legal <br />documents. <br />Respectfully submitted. <br />DATED: August 1, 1980 <br />YOUTH FACILITIES, INC. <br />-2- <br />Theresa Tyler, Ptesident <br />
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