No. 1397 approving the transfer of property to the COSB

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WHEREAS, the Commission desires to transfer the Real Property and Structure the City of South Bend with the intent and upon the condition that the City of South Bend reconvey the real property to the South Bend Heritage Foundation, Inc. (SBHF) for the sum of One Dollar ($1.00) for use by SBHF in its revitalization of the West Washington- Chapin Revitalization Area and with the understanding that SBHF will cause the relocation of the Structure to the Real Property and that the Structure, once relocated to the Real Property, will be rehabilitated to house an African American Resource Center, the same to be completed within twelve (12) months of the relocation of the Structure to the Real Property; and WHEREAS, pursuant to I.C. 36- 9 -6 -3, the Board of Public Works of the City of South Bend (the "Board ") has custody of and may maintain all real property of the City of South Bend; and WHEREAS, pursuant to I.C. 36- 1 -11 -8, the City of South Bend, acting by and through the Board, 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 Redevelopment, acting through the Commission, and pursuant to I.C. 36- 7- 14- 12.2(a)(3), 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 NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. That the transfer of the Real Property and Structure, as described above, by the City of South Bend, Department of Redevelopment, acting by and through the South Bend Redevelopment Commission to the City of South Bend, Indiana for the sum of One Dollar ($1.00) and pursuant to the terms and restrictions set forth above, shall be, and hereby is, approved. 2. That the President and Secretary of the Commission shall be, and hereby are, authorized, respectively, to execute and attest to the execution of a warranty deed to the Real Property and a quitclaim deed and bill of sale to the Structure conveying all its right, title and interest in and to the Real Property and Structure to the City of South Bend upon the occurrence of the condition set forth immediately above. 3. That this Resolution shall be in full force and effect upon its adoption by the South Bend Redevelopment Commission.