No. 0899 declaring its intention to purchase real estate commonly known as 126 Niles Ave., South Bend, IN, and appropriating money for said purchase

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RESOLUTION NO.899 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DECLARING ITS INTENTION TO PURCHASE REAL ESTATE COMMONLY KNOWN AS 126 NILES AVENUE, SOUTH BEND, INDIANA, CW AND APPROPRIATING MONEY FOR SAID PURCHASE WHEREAS, on December 16, 1986, the South Bend Board of Public Works entered into a land contract agreement for the purchase of real estate commonly known as 126 Niles Avenue, South Bend, St. Joseph County, Indiana, which land contract is recorded in the Office of the St. Joseph County Recorder as Document No. 8636566; and WHEREAS, said land contract agreement was amended on February 3, 1987, which amendment is recorded in the Office of the St. Joseph County Recorder as Document No. 8706320; and WHEREAS, the South Bend Redevelopment Commission desires to purchase said real estate; and WHEREAS, the Board of Public Works desires to sell said real estate to the Commission; and WHEREAS, the Redevelopment Commission has received funds by donation and such funds are available for the purchase of said real Ce estate. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION, AS FOLLOWS: 1. The South Bend Redevelopment Commission declares its intention to purchase from the South Bend Board of Public Works real estate located at 126 Niles Avenue, South Bend, St. Joseph County, Indiana, and more fully described as follows: A part of the Northeast quarter of Section 12, Township 37 North, Range 2 East of the second principal meridian, City of South Bend, Portage Township, St. Joseph County, Indiana being Lot 92 in the original plat of the Town of Lowell, and described as follows: Beginning at the Northwest corner of said Lot 92; thence South 89 °58140" East, 165.69 feet, to the West right -of -way of a 14 foot alley; thence South 0 004156" East, on said alley West right -of -way, 66 feet; thence North 89 058140" West, on the South GO boundary of said Lot 92, to the East right -of -way of Niles Avenue, 165.77 feet; thence North 0 000125" West, on said East right -of -way, 66 feet, to the point of beginning. 2. The Purchase Price shall be Fourteen Thousand Twenty Dollars ($14,020.00). 3. The amount of Fourteen Thousand Twenty Dollars ($14,020.00) for said purchase is hereby appropriated from donated funds available to the Commission. 4. It is the intention of the Redevelopment Commission to accept from the Board of Public Works a deed transferring a fee simple interest in the property free and clear from the interest of the land contract sellers. Adopted this 17th day of November, 1989. A T: 0 AA fL%A.& r Roman Piasecki, Secretary CVP /MISC:RES -REDEV , Pres-bie -ht