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No. 1884 accepting the transfer of real property from the SBCSC Board of School Trustees
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No. 1884 accepting the transfer of real property from the SBCSC Board of School Trustees
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1k <br />21M <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AS FOLLOWS: <br />1. That the transfer of the 4.6 acres of Property situated in St. Joseph County, <br />Indiana, as described at Exhibit "A" shall be, and hereby is, accepted. <br />2. That the Director of Redevelopment for the City of South Bend shall cause the <br />recording of the quitclaim deed conveying all of the right, title and interest of the City of <br />South Bend, Indiana in and to the Real Property to the City of South Bend, for the use and <br />benefit of its Department of Redevelopment. <br />3. That the transfer shall be subject to the following terms and conditions: <br />(i) SBCSC shall transfer the Property to City, for the use and benefit of <br />its Department of Redevelopment, without consideration, provided, <br />however, that City agrees to take use its best efforts to facilitate the <br />disposition of the building now owned and operated by the SBCSC <br />for its administrative offices and the parking lot adjacent thereto <br />( "Administration Building and Parking Lot ") and to assist in the <br />acquisition of a parcel of real property for new administrative <br />facilities; and <br />(ii) In the event that City does not use its best efforts to perform the <br />actions referenced in Paragraph 3, above, within twenty -four (24) <br />months of City's taking title to the Property, City shall pay to SBCSC <br />the sum of $ 22,500 per acre, ($22,500 x 4.6 acres), the total sum <br />being One Hundred Three Thousand Five Hundred 00 /100 Dollars <br />($103,500.00); and <br />4. That this Resolution shall be in full force and effect upon its adoption by the South <br />Bend Redevelopment Commission. <br />ADOPTED at a meeting of the South Bend Redevelopment Commission held on <br />April 15 , 2002, at 1308 County -City Building, 227 West Jefferson Boulevard, South <br />Bend, Indiana 46601. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Robert W. Hunt, President <br />ATT ST: <br />F:\ HOME \CGREENE \WPData \Projects \SEDA \Distribution Ctr\Resolutions \Rdvt Comm from SBCSC.wpd <br />
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