Authorizing the execution of a contract for the purchase of certain disposition parcels inthe Urban Renewal Central Downtown Project

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SCHEDULE B Parcels to be Conveyed by the Agency to the City and Other Conveyance Data The Parcels to be conveyed to the City by the Agency in accordance with the Agreement to which this Schedule is attached are located within the boundaries of the Central Downtown Project, Ind . R-66, and are more particularly identified as: Disposition Parcels: Block 4, Parcel 1; Block 4, Parcel 65; Block 8, Parcel 1; and the North One-half (NZ) of Block 4, Parcel 3 on a map attached hereto and made a part hereof entitled "Disposition Plan . " The areas of said Parcels as shown on said map are approximate areas and are subject to adjustment on actual survey, which survey will be made by the Agency at no expense to the City prior to the conveyance of the respective Parcels to the City. The Parcel Price set forth below for each respec- tive Parcel is an estimated cost and will be determined by the average of three independent appraisers in accordance with the laws of the State of Indiana. The take-down date for each Parcel shall be at a time within three months from -the success- ful sale of revenue bonds for each Parcel or Parcels and for the construction of municipal parking structures thereon . Disposition Parcel - Block 4, Parcel 1 Approximate Area: - 57, 476. 5 square feet Estimated Parcel Price: $344, 860 .00 Disposition Parcel - Block 4, Parcel 65 Approximate Area: 31, 205.5 square feet Estimated Parcel Price: $187, 233.00 Disposition Parcel - Block 8, Parcel 1 Approximate Area: 93, 850 .4 square feet Estimated Parcel Price: $563, 102 .00 North One-half of Disposition Parcel - Block 4, Parcel 3 Approximate Area: 30, 743 square feet Estimated Parcel Price: $188, 901.00