Acquiring the Water Facilities of River Commons

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RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, TO ACQUIRE THE WATER FACILITIES OF RIVER COMMONS. WHEREAS, the Common Council of the City of South Bend, Indiana, finds that it is in the best interests of the city to furnish water and sewage disposal facilities to the area located in Clay Township, St. Joseph County, Indiana, commonly referred to as the Laurel Woods area, constituting an approximate 38 -acre tract of land; and WHEREAS, the Common Council now finds that the water facilities owned by South Bend Federal Savings and Loan Association of South Bend, Indiana, and known as the River Commons Utility, should be acquired by the city for the purpose of furnishing such water service at the price herein stated. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, that: SECTION 1. The City of South Bend, Indiana, acquire by purchase or by lease - purchase from South Bend Federal Savings and Loan Association of South Bend, Indiana, in the manner deemed most expedient the water service facilities known as the River Commons Utility in Clay Township, St. Joseph County, Indiana, and take such steps as are necessary to connect to the sewer services presently furnishing the River Commons Addition at a total price of One Hundred Eleven Thousand Dollars ($111,000.00), and that the city proceed forthwith to take such steps as are deemed necessary and appropriate to so accomplish the acquisition of such facilities by purchase or by lease. SECTION 2. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. M PRESENTED `� ' a 5 ' - 7 NOT APPROVED ADOPTED g, "'P -;_ 7 2 C, FILED IN CLERIC'S OFFICE 3r7 Irene Gammon CITY CLERK, SOUTH BEND, IND.