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RESOLUTION NO. 2840 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />RELATED TO ACQUISITION OF PROPERTY <br />WHEREAS, under the authority granted by Indiana Code § 36 -7 -14, et seq. and <br />in furtherance of the Airport Economic Development Area Plan ("Plan "), the South Bend <br />Redevelopment Commission ( "Commission ") has determined that it is necessary to <br />acquire unencumbered fee simple interest in certain properties located within the area <br />heretofore designated as the Airport Economic Development Area (the "Area ") within <br />the City of South Bend, Indiana (the "City "), which properties are more particularly <br />described at Exhibit A attached hereto and incorporated herein ("Properties "); and <br />WHEREAS, the Commission has added the Properties listed in Exhibit A to the <br />Acquisition List by amending the Plan and adding the Properties to the Area's acquisition <br />list; and <br />WHEREAS, the Properties have been placed on the St. Joseph County Tax <br />Sale Certificate Sale; and <br />WHEREAS, appraisals of the Properties would indicate that a maximum bid <br />not to exceed the assessed value of each of the Properties (the "Offering Price ") is <br />Icreasonable and in accordance with § 36- 7- 14- 19(b); and <br />WHEREAS, the Commission now desires to authorize its authorized agents, <br />hired for such purposes, or the staff of the Commission to register for and bid upon the <br />Tax Sale Certificates for each of the Properties up to the Offering Price for each Property; <br />and <br />WHEREAS, the Commission finds that all procedures necessary for <br />authorizing and acquiring the Property have been completed in accordance with Indiana <br />law; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission that: <br />1. Authorized agents of the Commission and the staff of the Commission are <br />hereby authorized and directed to register for and bid upon each of the Tax Sale <br />Certificates for each of the Properties as described at Exhibit A. <br />2. The Commission's agents and attorneys are hereby authorized and <br />directed to take all steps necessary to accomplish the acquisition of the Tax Sale <br />Certificates for each of the Properties in accordance with this Resolution and in a manner <br />acceptable to the Director of Economic Development and legal counsel. <br />[A <br />