No. 0537 authorizing the execution of redevelopment agreement for disposition of parcel 2-6A, execution of quit claim deed for transfer of title thereto in connection with South Bend Central Downtown Project IN R-66 (People's First Federal S&L Assn.)

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RESOLUTION NO. 537 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION, THE GOVERNING BODY OF THE CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT, AUTHORIZING THE EXECUTION OF THE RE- DEVELOPMENT AGREEMENT FOR THE DISPOSITION OF PARCEL 2 -6A AND THE EXECUTION OF THE QUIT CLAIM DEED FOR THE TRANSFER OF TITLE THERETO, IN CONNECTION WITH LAND TO BE DISPOSED OF IN THE SOUTH BEND CENTRAL DOWNTOWN PROJECT, INDIANA R -66. WHEREAS, the City of South Bend Department of Redevelopment is carrying out the Urban Renewal for an area known as the South Bend Central Downtown Project, Indiana R -66, pursuant to the Urban Renewal Plan adopted by the Common Council of the City of South Bend, Indiana, by Resolution No. 193 -68 on September 10, 1968; and WHEREAS, the Urban Renewal Plan calls for the sale for redevelopment by public or private agencies of acquired land in accordance with the provisions of said Plan; and WHEREAS, the following redeveloper has submitted a proposal to redevelop the following parcel within the South Bend Central Downtown Project, Indiana R -66, and that said proposal has been processed in accordance with all applicable rules and regulations governing the sale of land acquired by the Redevelopment Commission: Parcel No. Name of Redeveloper Disposition Parcel 2 -6A Peoples First Federal Savings & Loan Assn., an Indiana Corporation WHEREAS, said proposal submitted by Peoples First Federal Savings & Loan Association is satisfactory and is not less than the offering price of the Commission for uses in accordance with the Urban Renewal Plan, and said bid proposal is determined by the Redevelopment Commission to be the highest and best bid; NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission, the Governing Body of the City of South Bend Department of Redevelopment, that the Executive Director of the Department of Redevelopment is hereby authorized to prepare a Redevelopment Agreement and Quit Claim Deed for the purpose of conveying said land to said redeveloper; and BE IT FURTHER RESOLVED, that the President of the South Bend Redevelopment Commission is hereby authorized to execute said Redevelopment Agreement and Quit Claim Deed and that the Secretary of said Commission is hereby authorized to attest said Agreement and Deed. Adopted at the Regular Meeting of the South Bend Redevelopment Commission held on November 5, 1976, in the Office of the Redevelopment Commission, Room 1200 County -City Building, 227 West Jefferson Blvd., South Bend, Indiana 46601. CITY OF SOUTH BEND, INDIANA DEPARTMENT OF REDEVELOPMENT 1 . Jay imtz, Preside ATTEST: (SEAL)