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Community & Economic � C (�) Development 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: Redevelopment Commission From: David Relos, Economic Development Planner 6 Subject: 2010 Tax Sale Acquisitions — Quiet Title Action Professional Services Agreement — Heppenheimer & Korpal Date: December 13, 2011 At the March 2010 County Commissioner's tax sale, staff acquired 30 parcels. Seven of these parcels were redeemed within the legal redemption period, leaving 23 parcels which the Commission now has title to in the form of tax deeds. On March 8, 2011, the Commission approved a Professional Services Agreement with Heppenheimer & Korpal to do quiet title actions (see attached definition) on 14 of the 23 parcels. These 14 parcels were identified by Meridian Title as needing this step before title insurance policies could be issued. In the process of issuing title insurance on the 23 parcels, two additional parcels have been identified as needing quiet title action. The cost for these two additional parcels will be the same as that paid for the original 14, or: • $750 per parcel for the quiet title action • $156 per parcel Court filing fee In addition to these fixed charges, there will be publication and certified mailing charges. Once this process is completed, Meridian Title will issue the Commission title policies on these parcels, and the Commission can be assured of its ownership interest in them. Staff asks for a not to exceed amount of $2,112 (allowing $150 publication / mailing costs for each parcel). Staff requests favorable action on this proposal, to allow these two properties to be taken through a quiet title action, and ultimately allow the Commission an insurable interest in these properties. What We Do Today Makes A Difference!