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No. 2168 approving/authorizing execution of an agency agreement by/between the SB development commission and the City of South Bend, IN, board of public works relating to real property and improvements located at 1303, 1315, 1321-1323 S. Michigan St.
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No. 2168 approving/authorizing execution of an agency agreement by/between the SB development commission and the City of South Bend, IN, board of public works relating to real property and improvements located at 1303, 1315, 1321-1323 S. Michigan St.
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10/18/2012 1:40:24 PM
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3/8/2011 11:48:55 AM
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y <br />t <br />T. Ford, Linette L. Ford and the City of South Bend under the terms of said Purchase <br />Agreement. <br />3. This limited Agency Agreement shall immediately terminate upon breach by <br />the Commission or the Board of this Agency Agreement or any other agreement between the <br />Commission or the Board at least seven (7) days in advance of the date of termination of <br />agency. <br />4. The Commission hereby accepts the appointment of agency by the Board as <br />described in Paragraph 1 of this Agency Agreement. <br />5. The Commission shall close the real estate transaction under the authority <br />granted the Commission by I.C. 36- 7 -14 -1 et seq. and, upon advice of legal counsel, shall <br />execute all contracts and other necessary documents related to same on behalf of the <br />Commission. <br />6. The terms and conditions of the Agency Agreement shall insure to the benefit <br />of and bind the respective parties hereto and their successors in interest and assigns, and no <br />portion of the Agency Agreement may be assigned by any party without the prior written <br />consent of all other parties. <br />7. The agency provisions herein contained apply only as stated and shall not be <br />deemed to create any partnership, joint venture or other enterprise of any type or nature <br />between the South Bend Redevelopment Commission and the Board of Public Works. <br />isH: \WPDATA\ PROJECTS \SEDAWTTYKAT\AGENCYAGMT BPW &RC 050516.DOC <br />
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