Authorizing the Board of Public Works to negotiate the sale of 235 N. Studebaker Street

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PURCHASE AGREEMENT THIS AGREEMENT entered into this �_ day of 19 2 D , by and between JA14ES POPE and HELEN POPE hereinafter referred to as Buyer, and the Civil City of South Bend, a municipal corporation of the State of Indiana, hereinafter referred to as City. WITNESSETH: WHEREAS, Ordinances No. 5387 -72 and 6137 -77 establish proce- dures for the disposition and rental of real property owned by the City of South Bend; and WHEREAS, the Board of Public Works is empowered to carry out. the provisions of said ordinance; and WHEREAS, the Board hagenddetermined ionger necessaryeforptheerty . owned by the City of South public use; and WHEREAS, the Board has adopted by Resolution declaring; parti- cular parcels of real property as aorpits sition, and same have been consideration and have been deemed conclusive; and WHEREAS, the Board appointed a licensed independent appraiser who appraised the particular real property; and fuWrNi+eu .Y+SiYY:IIiPYrb'e.YIGW944m �aen.'yE:. " WHEREAS, based upon the appraisal submitted, the Board established a valuation for the property; and WHEREAS, said property valued by the Board is less than One Thousand ($13000.00) Dollars; and WHEREAS, pursuant to Ordinance No. 5387 -72, Section 114..5 -2(d) the Board is empowered sum without ' such property at least at the WHEREAS, the offer of the Buyer in the amount of THREE HUNDRED ($300.00) DOLLARS was offered and accepted . as - the best offer for said property, on the condition that the Buyer will repair the broken sidewalk and curbing; at the property within _ a period of one- hundred and twenty (120) days from the date of the contract." NOW, THEREFORE, it is agreed by and between the parties hereto, . and for and in consideration of the premises and the mutual. covenants herein contained, as follows: 1. City agrees to sell and Buyer agrees to buy: Lot Numbered Thirty -six (36) in Arnold and Pag;in's Subdivision commonly known as 235 11. Studebaker Street, in the City of South Bend, Indiana, for the sum of Three Hundred ($300.00) Dollars.