Resolution No. 176 Transfer of Real Property to South Bend Redevelopment Commission

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RESOLUTION NO. 176 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY AUTHORIZING THE TRANSFER OF REAL PROPERTY TO SOUTH BEND REDEVELOPMENT COMMISSION WHEREAS, the South Bend Redevelopment Authority (the "Authority") is the owner of certain property identified herein; and WHEREAS, pursuant to I.C. 36-1-11-8, the Authority, may transfer or exchange 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 South Bend Redevelopment Commission (the "Commission"), the governing body of the South Bend, Indiana, Department of Redevelopment (the "Department") and of the Redevelopment District of the City of South Bend, Indiana (the "Redevelopment District"), exists and operates under the provisions of I.C. 36-7-14, as amended from time to time (the "Act") and is a body corporate and politic; and WHEREAS, the Department, by and through the Commission, has presented to the Authority, a request for the transfer to the Commission of certain real property previously acquired by the Authority and set forth in Exhibit "A" attached (collectively referred to as the "Property"); and WHEREAS, the Authority, desires to transfer the Property to the Commission for the redevelopment purposes of the Commission; and WHEREAS,the Department, through the Commission, will adopt a resolution consistent with the requirement of Indiana § 36-1--11-8. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT AUTHORITY AS FOLLOWS: 1. The transfer of the following described real property situated in St. Joseph County, Indiana: See Exhibit "A" by the Authority to the Commission, without consideration, shall be, and hereby is, approved and authorized. 2. The Members of the South Bend Redevelopment Authority are each authorized, respectively, to execute and attest to the execution of quit claim deeds conveying all the right, C title and interest of the Authority in and to the Property to the Commission and are further