No. 1891 ratifying/confirming/approving an advisory services agreement with Urban Land Institute related to potential expansion of Century Center

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RESOLUTION NO. 1891 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION RATIFYING, CONFIRMING AND APPROVING AN ADVISORY SERVICES AGREEMENT WITH THE URBAN LAND INSTITUTE RELATED TO THE POTENTIAL EXPANSION OF CENTURY CENTER WHEREAS, the Urban Land Institute ( "ULI ") has offered to provide certain advisory services to the City of South Bend to determine the feasibility of remodeling and expanding the Century Center physical plant (Project); and WHEREAS, pursuant to I.C. 36- 7 -14 -3, the South Bend Redevelopment Commission ( "Commission ") is the governing body of the City of South Bend, Department of Redevelopment and, pursuant to I.C. 36- 7 -14 -11 has the duty to promote the use of land in a manner that best serves the interests of the City of South Bend ( "City ") and its inhabitants; and WHEREAS, the Commission has determined that the such expansion of the Century Center would be in the best interests of the City; and WHEREAS, the Commission and ULI have reached an agreement whereby the Commission agrees to purchase and ULI agrees to provide to the Commission advisory services to determine the feasibility of the Project under the terms and conditions contained in an Advisory Services Agreement dated May 30, 2002 ( "Agreement "), a copy of which is attached hereto and incorporated herein as Exhibit "A "; and WHEREAS, Commission further believes that the proposed Project and advisory services as described in the Agreement are in the best interests of the health, safety and the social and economic welfare of the City and its residents and that the Project and advisory services comply with federal, state and local laws under which the Project and advisory services are being undertaken and are being assisted; and WHEREAS, the Agreement between ULI and Commission is subject to final approval by ULI; and WHEREAS, pursuant to Indiana Code § 36- 4 -5 -3, the Mayor for the City of South Bend is empowered to sign contracts of the City; and WHEREAS, in order to facilitate the Project, the Mayor has heretofore executed the Agreement on behalf of the City pursuant to I.C. § 36- 4 -5 -3; and WHEREAS, the Redevelopment Commission desires to ratify the Agreement.