Laserfiche WebLink
WHEREAS, the Commission desires to enter into an Addendum to Contract for Purchase and Sale <br />of Real Estate and other related documents concerning the transfer of this Property to the Commission and <br />consistent with Seller's proposal; and <br />WHEREAS, the Commission meets in regular sessions on a semi - monthly basis and completion <br />of the paperwork related to this real estate transaction may require immediate action from the Commission, <br />including the execution of certain documents; and <br />WHEREAS, the Commission believes that it is in the best interest of the public that the real estate <br />transaction be closed and that all necessary approvals and actions taken in a timely manner. <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />COMMISSION, AS FOLLOWS: <br />1. The Commission hereby finds that the price of One Hundred Seventy Thousand and 00 /100 <br />Dollars ($170,000.00) is reasonable, that the conditions proposed by Seller are reasonable and that <br />acquisition of the Property is necessary to and consistent with the South Bend Central Development <br />Area Development Plan. <br />2. The Commission hereby approves the form of Addendum to Contract for Purchase and Sale <br />of Real Estate presented to the Commission at this meeting and authorizes the President of the <br />Commission to execute and the Vice President or Secretary to attest said agreement in the form <br />�r presented at this meeting with such changes as may be suggested by legal counsel and approved <br />by the President and Vice President or Secretary with such approval evidenced by the execution <br />and attestation respectively, thereof. <br />3. The Commission hereby authorizes the President of the Commission to execute and the <br />Vice President or Secretary to attest any and all other documents relating to the Project and <br />necessary to effectuate the closing of said Project upon the advice of legal counsel. <br />4. This Resolution shall be in full force and effect from and after its passage by the <br />Commission. <br />ADOPTED at a meeting of the South Bend Redevelopment Commission, held on November 1, <br />2002 at 1308 County -City Building, South Bend, Indiana 46601. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Robert W. Hun ,President <br />ATTEST: <br />C: \WINDOWS \TEMP\GW Viewer\Execution of Docs2mpd —2— <br />