No. 1031 approving/authorizing the transfer of real property to the COSB

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RESOLUTION NO. 1031 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING AND AUTHORIZING THE TRANSFER OF REAL PROPERTY TO THE CITY OF SOUTH BEND, INDIANA WHEREAS, the City of South Bend, Indiana, for the use and benefit of its Department of Redevelopment, owns a certain parcel of real property situated in St. Joseph County, in an area of the City of South Bend commonly referred to as Monroe Park and more particularly described as follows: The triangular parcel on the westerly side of Lots 7 and 6 of Gallaghers lst Addition to the City of South Bend. Key No. 18- 3035 - 1323.01 (Real Estate) which Real Estate was acquired for redevelopment purposes; and WHEREAS, pursuant to I.C. 36- 7 -14 -3, the South Bend Redevelopment Commission (Commission) is the governing body of the City of South Bend Department of Redevelopment; and WHEREAS, the Commission has determined that the Real Estate, or some portion thereof, would best be used to provide public ingress to and egress from Rush Streets; and WHEREAS, pursuant to I.C. 36- 7- 14- 12.2(a)(3), the Commission may transfer real property acquired for redevelopment purposes, to another department of the City for use as public right -of -way, upon any terms that may be agreed upon; and WHEREAS, the City of South Bend, is desireous of acquiring the Real Estate for use as right -of -way; and WHEREAS, the City of South Bend, acting by and through its Board of Public Works and pursuant to I.C. 36- 1 -11 -8, may acquire real property from another governmental entity upon such terms and conditions as may be agreed upon and upon the adoption of substantially identical resolutions; and WHEREAS, the Board of Public Works has or will adopt a resolution substantially identical in its terms to the terms of this resolution; and WHEREAS, the Commission has determined that it is in the best interests of the Commission, the Department of Redevelopment, and the Redevelopment taxing district that the Real Estate be transferred to the City for use and dedication of all or part of the same as right -of -way. NOW, THEREFORE, be it resolved by the South Bend Redevelopment Commission as follows: 1. That the following- described real property, owned by the City of South Bend, Indiana for the use and benefit of its Department of Redevelopment, situated in St. Joseph County: The triangular parcel on the westerly side of Lots 7 and 6 of Gallaghers 1st Addition to the City of South Bend. Key No. 18- 3035 - 1323.01 shall be and hereby is ordered transferred to the City of South Bend, Indiana, for the sum of Ten Dollars ($10.00) and other good and valuable consideration. 2. That the transfer of the Real Estate shall be by way of quit -claim deed executed by the President and attested to by the Secretary of the Commission.