10110-11 Transfer a portionof Voorde Park to Hoosier Tank and Manufacturing, Inc.

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ORDINANCE NO.�� _ � AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, TO TRANSFER A PORTION OF VOORDE PARK TO HOOSIER TANK AND MANUFACTURING,INC. STATEMENT OF PURPOSE AND INTENT The City of South Bend desires to preserve adequate park land for its citizens, but also wishes to encourage economic development. To accomplish both purposes, the City believes it would be beneficial to transfer the western portion of Voorde Park to Hoosier Tank and Manufacturing, Inc. The acquisition of a larger parcel of property on the east side of Voorde Park will allow the City to transfer this property and yet maintain a larger Voorde Park than previously existed. In order to accomplish this, the Board of Park Commissioners of the City of South Bend duly advertised and published on June 24, 2011 and July 1, 2011, in accordance with I.C. 5-3-1, a Notice to Bidders for the property described as: Key No. 18-2184-693820 Lot 1 Voorde Park Minor Addition One bid was received, and it was from Hoosier Tank, Inc., in the amount of$60,300.00, which is 90% of the appraised value of the described property. The Park Board approved the sale. The Common Council under I.C. 36-10-4-18 has the final authority to transfer park land. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND as follows: Section I. A portion of Voorde Park known as Lot 1 of Voorde Park Minor Addition is transferred to Hoosier Tank and Manufacturing, Inc., for its own use. Section II. Pursuant to I.C. 36-10-4-18 the proceeds from the sale of Lot 1 Voorde Park Minor addition shall be credited to the Park Department and the proceeds shall be expended for the improvement of the remaining park land or purchase of other land for park purposes. Section III. The mayor of South Bend shall execute a deed effectuating transfer of the subject realty from the City to Hoosier Tank and Manufacturing, Inc., upon receipt of sale proceeds. Section IV. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor.