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RESOLUTION NO. 670 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION ACCEPTING A DEED FROM SOUTH <br />BEND COMMUNITY SCHOOL CORPORATION FOR REAL <br />PROPERTY IN MONROE PARK <br />WHEREAS, South Bend Community School Corporation has <br />heretofore resolved that the real property owned by it and commonly <br />known as the Franklin School site, located at 850 Clinton Street, <br />South Bend, Indiana, is no longer needed for school purposes and <br />shall be sold in accordance with the provisions of Indiana law; and <br />WHEREAS, the north 1.65 acres of the Franklin School site <br />was advertised for sale in accordance with the provisions of Indiana <br />law and bids were solicited for its sale but no bids were received <br />which were in an amount equal to ninety percent (90 %) of the <br />appraised value of said property; and <br />WHEREAS, the South Bend Redevelopment Commission has <br />offered to purchase the north 1.65 acres of the Franklin School site <br />and to pay an amount in excess of the South Bend Community School <br />Corporation's appraised value and a Superintendent's hearing has <br />been held pursuant to the provisions of law and determination has <br />been made by the Superintendent that the property should be <br />transferred to the City of South Bend Department of Redevelopment; <br />and <br />WHEREAS, the public hearing conducted by the <br />Superintendent having been concluded without objections having been <br />made and the recommendation of the Superintendent that the north <br />1.65 acres of the Franklin School site be sold to the City of South <br />Bend through its Department of Redevelopment for the sum of <br />Seventeen Thousand Nine Hundred Seventy -five ($17,975.00) Dollars <br />having been accepted. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission that the deed from South Bend Community <br />School Corporation for the north 1.65 acres of the Franklin School <br />