No. 2065 approving acquisition of real property to facilitate the studebaker national museum relocation project and approving the execution of a ground lease and other related documents associated with studebaker museum relocation project (SBCDA)

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RESOLUTION NO. 2065 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING ACQUISITION OF REAL PROPERTY TO FACILITATE THE STUDEBAKER NATIONAL MUSEUM RELOCATION PROJECT AND APPROVING THE EXECUTION OF A GROUND LEASE AND OTHER RELATED DOCUMENTS ASSOCIATED WITH THE STUDEBAKER MUSEUM RELOCATION PROJECT (South Bend Central Development Area) WHEREAS, as part of a redevelopment project to relocate and construct a new facility for the Studebaker National Museum( "Prof ect "), the Commission intends to acquire certain properties, to lease and to take a leasehold interest in certain properties, to undertake certain construction activities related to construction of Project street improvements and other infrastructure improvements at or near the Property; and; WHEREAS, the Commission has heretofore approved and endorsed the Project in accordance with a Memorandum of Understanding dated February 2, 2004, as approved and ratified by the Commission by way of Resolution No. 2061 dated June 4, 2004 and has also appointed the City of South Bend Board of Public Works to act as the Commission's agent in the Project pursuant to Resolution No. 2060 dated June 4, 2004; and WHEREAS, to facilitate the Project, the Commission desires to accept the transfer of property from South Bend Heritage Foundation that will serve as the site for the new Studebaker Museum and to enter into a Ground Lease with respect to the lease of a portion of property owned by the Northern Indiana Historical Society, Inc. that will serve as a connection between the new Studebaker Museum and the Center for History, a copy said Ground Lease is attached hereto and incorporated herein as Exhibit "A "; WHEREAS, the Commission recognizes that time of the essence in order to accomplish certain actions relating to the Project; and WHEREAS, the Commission meets in regular sessions on a semi - monthly basis and completion of the paperwork related to this transaction may require immediate action from the Commission, including the execution of certain documents; and WHEREAS, the Commission believes that it is in the best interests of the public that the Project proceed on schedule and that all necessary approvals be taken in a timely manner. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The Commission hereby finds that acquisition ofproperty from South Bend Heritage Foundation consistent with the provisions of the Memorandum of Understanding dated February 2, 2004 is reasonable, that the conditions for acceptance of transfer