No. 1932 accepting the transfer of real property from the SB Redevelopment Authority

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RESOLUTION NO. 1932 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ACCEPTING THE TRANSFER OF REAL PROPERTY FROM THE SOUTH BEND REDEVELOPMENT AUTHORITY WHEREAS, the South Bend Redevelopment Authority (the "Authority ") is the owner of a parcel of real property commonly known as the Palais Royale Building located at 105 W. Colfax Avenue, South Bend, St. Joseph County, Indiana ( "Real Property ") more particularly described at Exhibit "A "; and WHEREAS, pursuant to Ind. Code § 36 -7- 14.5 -12, the Authority may dispose of real property; and WHEREAS, the Authority desires to transfer the Real Property to the City of South Bend, for the use and benefit of its Department of Redevelopment in order that it be sold and developed which transfer and sale is subject to an easement in favor of the South Bend Redevelopment Authority which has been retained and preserved; and WHEREAS, the City of South Bend, Department of Redevelopment, acting by and through its governing body, the South Bend Redevelopment Commission desires to acquire the Real Property from the Authority; and WHEREAS, pursuant to Ind. Code § 36- 1 -11 -8, the Authority may exchange or transfer property with another governmental entity upon terms and conditions agreed upon by the two (2) entities as evidenced by the adoption of substantially identical resolutions of each entity; and WHEREAS, the Authority, at its meeting of December 18, 2002 adopted its Resolution No. 149, confirming action taken at its meeting November 27, 2002,approving the transfer of the Real Property to the City of South Bend, for the use and benefit of its Department of Redevelopment. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The transfer of Real Property commonly known as the Palais Royale Building situated at 105 W. Colfax Avenue, South Bend, St. Joseph County, Indiana and described on the attached Exhibit "A ", by the South Bend Redevelopment Authority to the City of South Bend, for the use and benefit of its Department of Redevelopment, shall be, and hereby is, accepted. 2. The Director of Redevelopment for the City of South Bend shall cause the recording of the quitclaim deed conveying all of the right, title and interest of the South Bend Redevelopment Authority in and to the Real Property to the City of South Bend, for the use and benefit of its Department of Redevelopment, subject to an easement preserved and retained by the South Bend Redevelopment Authority.