No. 0992 amending resolution No. 980 of the SBRC and approving the execution of an addendum to a sublease of real property to the COSB

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RESOLUTION NO. 992 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AMENDING RESOLUTION NO. 980 OF THE SOUTH BEND REDEVELOPMENT COMMISION AND APPROVING THE EXECUTION OF AN ADDENDUM TO A SUBLEASE OF REAL PROPERTY TO THE CITY OF SOUTH BEND WHEREAS, Resolution 980, adopted by the South Bend Redevelopment Commission (the "Commission ") on February 22, 1991, approved the sub -lease of the property at 310 East South Street to the City of South Bend, Indiana, under terms and conditions substantially similar to those embodied in the Lease - Purchase Agreement dated as of November 1, 1989, and approved and modified on the 16th day of February, 1990, (the "Lease ")(the "Sub- Lease "), and authorized the President and Secretary of the Commission, respectively, to execute and attest to the execution of the Sub - Lease; and WHEREAS, Resolution 980 and the Sub -Lease each contained an inaccurate legal description of the property at 310 East South Street, which inaccuracy the Commission now desires to correct; and WHEREAS, the Commission desires to approve and execute an addendum to the lease (Addendum "), that being a revised Exhibit "B" reflecting the correct legal description, a copy of which is attached hereto as Attachment 1. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION as follows: 1. That Resolution 980, adopted by the Commission on February 22, 1991, shall be, and hereby is, amended by correcting the legal description contained therein to read as follows: A parcel of land in the Southwest Quarter of Section 12, Township 37 North, Range 2 East, City of South Bend, Portage Township, St. Joseph County, Indiana, being platted as Denniston & Fellows Addition as recorded in Book 2, Page 48, at the St. Joseph County Recorder's office in South Bend, Indiana, and described as follows: Beginning at an iron at the intersection of the East right -of -way line of Carroll Street and the South right -of -way line of South Street; thence South 89 039147" East (bearing assumed), 100.00 feet along said South right -of -way line to the Point of Beginning; thence rw continuing South 89 °39147" East, 41.50 feet along said South right -of -way line; thence South 00 000100" East, 115.50 feet to the North right -of -way line of a 14.00 foot alley; thence North 89 039147" West, 41.50 feet along said North right -of -way line; thence North 00 000100" West, 115.50 feet to the South right -of -way line of South Street and the Point of Beginning, and containing 0.1100 acres, more or less, and is subject to all easements, restrictions and or covenants of record. Commonly known as 310 East South Street, South Bend.