No. 2191 approving transfer of property located at 117 W. South St. to South Bend public transportation corporation

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• RESOLUTION NO. 2191 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING THE TRANSFER OF PROPERTY LOCATED AT 117 WEST SOUTH STREET TO THE SOUTH BEND PUBLIC TRANSPORTATION CORPORATION WHEREAS, pursuant to I.C. 36- 7 -14 -3, the South Bend Redevelopment Commission ( "Commission ") is the governing body of the City of South Bend Department of Redevelopment ( "City ") and pursuant to I.C. 36 -7 -14 -12.2 and -19, may acquire and dispose of interests in property; and WHEREAS, pursuant to I.C. 36- 9 -4 -12, the South Bend Public Transportation Corporation ( "Transpo ") is a separate municipal corporation and pursuant to I.C. 36- 9 -4 -30 Transpo, acting through its Board of Directors (`Board ") may acquire interests in property; and WHEREAS, the City, acting through the Commission, is a party to an agreement entitled "Agreement for Purchase and Sale of Property" ( "Agreement ") related to the acquisition of certain properties located at 117 West South Street, and 720, 722, 724 and 726 South Michigan Street in South Bend, Indiana; and WHEREAS, the property located at 117 West South Street is more particularly described at Exhibit "A " attached hereto and incorporated herein ( "Property "); and WHEREAS, the Property is situated within the immediate area of Transpo's South Street Station and the Property would facilitate and serve Transpo's business operations at the South Street Station; and WHEREAS, the Commission desires to transfer the Property to Transpo to facilitate Transpo's continued business operations at Transpo's South Street Station and Transpo desires to accept transfer of the Property from the Commission for use in Transpo's South Street Station operations under the following terms and conditions: (1) Commission shall enter into an agreement to purchase the Property directing that the deed transferring title and interest in the Property to the Commission be issued in the name of Transpo as assignee of the Commission; and U