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RESOLUTION N0. 934 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />INDICATING ITS INTENTION TO TRANSFER CERTAIN REAL ESTATE <br />TO THE SOUTH BEND REDEVELOPMENT AUTHORITY <br />WHEREAS, the South Bend Redevelopment Commission owns certain <br />parcels of real estate in those portions of the South Bend Central <br />Development Area generally known as the East Bank area and the Monroe <br />Park area, which parcels are more fully described in Exhibits A, B, C <br />and D attached hereto and made a part hereof; and <br />WHEREAS, the parcels are in need of improvement and the structure <br />on one of the parcels is in need of demolition; and <br />WHEREAS, the Commission lacks the necessary funds to perform the <br />improvement and demolition; and <br />WHEREAS, pursuant to I.C. 36 -7- 14.5 -19, the South Bend <br />Redevelopment Authority is authorized to issue bonds in order to <br />finance public improvements as set forth in I.C. 36 -7- 14.5 -11; and <br />WHEREAS, pursuant to I.C. 36- 7 -14 -22 and I.C. 36 -7- 14.5 -18, the <br />Commission may transfer property to the Redevelopment Authority for <br />improvements by the Authority consistent with the purposes set forth <br />in I.C. 36 -7 -14.5; and <br />WHEREAS, the Commission desires to transfer said property to the <br />Authority for such improvement. <br />NOW, THEREFORE, BE IT ORDAINED by the South Bend Redevelopment <br />Commission as follows: <br />The parcels of land within those portions of the South Bend <br />Central Development Area commonly known as the East Bank area and the <br />Monroe Park area, which parcels are more completely described in <br />Exhibits A, B, C and D attached hereto and incorporated herein, shall <br />be transferred to the South Bend Redevelopment Authority pursuant to <br />and consistent with the purposes set forth in I.C. 36 -7 -14.5. <br />The President or the Vice - President and the Secretary of the <br />Commission are the proper parties to execute the deeds transferring <br />the parcels. <br />Adopted at a meeting of the South Bend Redevelopment Commission <br />held on May 11, 1990 at the office of the Commission, 1200 <br />County -City Building, 227 West Jefferson Boulevard, South Bend, <br />Indiana 46601. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />JAY J T Z, PRESIDENT <br />FB6W*11 91 <br />Roma 1 a 9e- c-R i <br />fir+ Secretary <br />R3RN:R- TRANSFER <br />