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No. 3000 related to acquisition of property in the SBCDA (GMS Realty, Inc. and Gates & Gates, Inc.)
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No. 3000 related to acquisition of property in the SBCDA (GMS Realty, Inc. and Gates & Gates, Inc.)
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10/18/2012 11:36:39 AM
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RESOLUTION NO. 3000 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />SOUTH BEND CENTRAL DEVELOPMENT AREA <br />WHEREAS, under the authority granted by Indiana Code § 36 -7 -14, et seq. and <br />in furtherance of the South Bend Central Development Area Plan ( "Plan "), the South <br />Bend Redevelopment Commission ( "Commission ") has determined that it is necessary to <br />acquire unencumbered fee simple interest in certain property located within the area <br />heretofore designated as the South Bend Central Development Area (the "Area ") within <br />the City of South Bend, Indiana (the "City "), which property is more particularly <br />described at Exhibit A attached hereto and incorporated herein ( "Property "); and <br />WHEREAS, on November 2, 2007, the Commission adopted Resolution No. <br />2385 and subsequently on August 26, 2009, the Commission adopted Resolution No. <br />2595 amending the Plan and adding the Properties to the Area's acquisition list; and <br />WHEREAS, two (2) independent appraisals of the Property have been obtained <br />in accordance with Indiana Code § 36- 7- 14- 19(b), which provide an initial offering <br />price of $895,125.00 (the "Acquisition Offering Price "); and <br />ce WHEREAS, the Commission now desires to authorize its authorized agents, <br />hired for such purposes, or the staff of the Commission to provide and negotiate an offer <br />for the Purchase of the Property in accordance with Indiana Code § 36- 7- 14-19, which <br />may include relocation costs and the Commission's payment of expenses incidental to the <br />conveyance and determination of the title of the Property; and <br />WHEREAS, the Commission finds that all procedures necessary for <br />authorizing and acquiring the Property have been completed in accordance with Indiana <br />law; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission that: <br />1. Authorized agents of the Commission and the staff of the Commission are <br />hereby authorized and directed to cause a purchase offer to be made in writing to the <br />owner(s) of the Property as described at Exhibit A at the Acquisition Offering Price in <br />accordance with Indiana Code § 36- 7- 14 -19, which offer or process may include <br />relocation costs and the payment of expenses incidental to the conveyance and <br />determination of the title of the Property. <br />2. The Commission's agents and attorneys are hereby authorized and <br />ILdirected to negotiate and prepare documentation necessary to accomplish the acquisition <br />
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