No. 2834 authorizing the Director of Economic Development to approve/execute documents related to 1st Source parking garage project

Home Browse Search

C, RESOLUTION NO. 2834 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE DIRECTOR OF ECONOMIC DEVELOPMENT TO APPROVE AND EXECUTE DOCUMENTS RELATED TO 1sT SOURCE PARKING GARAGE PROJECT WHEREAS, the City of South Bend, Indiana, acting by and through its Board of Public Works (the "Board "), the South Bend Redevelopment Commission (the "Commission "), 1 s` Source Corporation ( "Is' Source ") and Host Hotels & Resorts, L.P. ( "Host ") are parties to that certain Memorandum of Understanding effective as of December 3, 2010 (the "Memorandum of Understanding "); and WHEREAS, the Memorandum of Understanding requires the Commission to execute certain documents in furtherance of the purposes of the Memorandum of Understanding; and WHEREAS, such documents must be executed on or before December 31, 2010 and there are no scheduled regular meetings of the Commission between the date of this Resolution and December 31, 2010; and WHEREAS, Donald E. Inks is the Director of Economic Development, and is an appropriate individual to execute, on behalf of the Commission, such documents as necessary to effect the purposes stated in the Memorandum of Understanding. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. Donald E. Inks, the Director of Economic Development, or his successor, is hereby authorized to execute, on behalf of the Commission and upon the advice of legal counsel, such documents as necessary to effect the purposes stated in the Memorandum of Understanding. 2. The authority granted under this Resolution shall expire on January 31, 2011. This Resolution shall be in full force and effect after its adoption. ADOPTED at a Regular Meeting of the South Bend Redevelopment Commission held on December 28, 2010, at 1308 County -City Building, 227 West Jefferson Boulevard, IL South Bend, Indiana 46601.