No. 2238 approving transfer of real property to the city of south bend, IN ($10 for part of NW quarter)

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• RESOLUTION NO. 2238 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING THE TRANSFER OF REAL PROPERTY TO THE CITY OF SOUTH BEND, INDIANA WHEREAS, the City of South Bend, Indiana, Department of Redevelopment ( "Department of Redevelopment ") is the owner of the real property situated in St. Joseph County, Indiana and described at Exhibit A (the "Real Property") and; WHEREAS, pursuant to Ind. Code § 36- 7 -14 -3, the South Bend Redevelopment Commission ( "Commission ") is the governing body of the Department of Redevelopment and, pursuant to Ind. Code § 36 -7 -14 -12.2 may dispose of the Real Property; and WHEREAS, the Commission is desirous of transferring the Real Property to the City of South Bend, Indiana, for the sum of Ten and 00 /100 Dollars ($10.00), and the Board of Public Works of the City of South Bend, Indiana (the "Board ") desires to accept the Real Property, on behalf of the City of South Bend, Indiana (the "City "); and WHEREAS, pursuant to Ind. Code § 36- 1 -11 -8, the Department of Redevelopment, acting through the Commission and the City, acting by and through the Board, may exchange or transfer property with one another upon terms and conditions agreed upon by the two (2) entities as evidenced by the adoption of substantially identical resolutions of each entity; and WHEREAS, the Board, at its meeting of May 22, 2006, will consider a resolution substantially identical to this one accepting the transfer of the Real Property from the Department of Redevelopment (the "BPW Resolution "). NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission that: 1. The transfer of the Real Property situated in St. Joseph County, Indiana, and described at Exhibit A for the sum of Ten and 00/100 Dollars ($10.00), by the City of South Bend, Indiana, Department of Redevelopment to the City of South Bend, Indiana shall be, and hereby is, approved. 2. The President or Vice- President and the Secretary (or any other officer) of the South Bend Redevelopment Commission shall be, and hereby are, authorized, respectively, to execute and attest to the execution of a quit -claim deed conveying all of the right, title and interest in the Real Property to the City of South Bend, Indiana. 3. This Resolution shall be in full force and effect upon its adoption by the South Bend Redevelopment Commission and upon the adoption of the BPW Resolution by the Board.