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South Bend Redevelopment Commission <br />IL Regular Meeting — May 20, 2005 <br />6. NEW BUSINESS <br />D. Sample -Ewing Development Area <br />(2) continued... <br />property and improvements located at <br />1315, 1303, and 1321 -1323 South Michigan <br />Street in the Sample -Ewing Development <br />Area and accepting title to said properties. <br />Mr. Greene reported that Resolution <br />No. 2169 is related to the Agency Agreement <br />between the Redevelopment Commission <br />and the Board of Public Works regarding <br />acquisition of properties located at 1315, <br />1303, and 1321 -1323 South Michigan Street. <br />Resolution No. 2169 authorizes the execution <br />of the Purchase Agreement acquiring the <br />properties, authorizes the closure of the real <br />estate transaction upon advice of legal <br />counsel and authorizes the execution of any <br />paperwork incidental to the closing. The <br />Purchase Agreement is attached to <br />Resolution No. 2169 and is the City's <br />standard purchase agreement form. <br />Mr. Hunt asked if executing the Purchase <br />Agreement would resolve the pending <br />lawsuit issue. <br />Ms. Greene replied that once the property <br />changes owners and the transaction is closed, <br />the Kitty Kat Lounge will dismiss its lawsuit <br />against the City. <br />Upon a motion by Mr. King, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 2169 <br />approving the execution of an Agreement for <br />Purchase and Sale of Real Estate related to <br />real property and improvements located at <br />17 <br />COMMISSION APPROVED RESOLUTION NO. 2169 <br />APPROVING THE EXECUTION OF AN AGREEMENT <br />FOR PURCHASE AND SALE OF REAL ESTATE <br />RELATED TO REAL PROPERTY AND <br />IMPROVEMENTS LOCATED AT 1315, 1303, AND <br />1321 -1323 SOUTH MICHIGAN STREET IN THE <br />SAMPLE -EWING DEVELOPMENT AREA AND <br />ACCEPTING TITLE TO SAID PROPERTIES. <br />