No. 0407 authorizing execution of redevelopment agreement for disposition of land and execution of warranty deed(s) for transfer of title thereto in connection with Central Downtown Project, IN R-66 (First Bank & Trust Co.)

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0 0 RESOLUTION NO.407 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION, THE GOVERNING BODY OF THE CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT, AUTHORIZING THE EXECUTION OF THE REDEVELOPMENT AGREEMENT FOR THE DISPOSITION OF PARCEL 8 -3 AND THE EXECUTION OF THE WARRANTY DEED(S) 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 Statutes of the State of Indiana and of the United States and with all applicable rules and regulations governing the sale of land acquired by the Redevelopment Commission: Parcel Number Disposition Parcel 8 -3 Name of Redeveloper First Bank & Trust Company of South Bend, Indiana, as Trustee for Land Trust No. 29 -5094 WHEREAS, said proposal submitted by First Bank and Trust Company of South Bend, Indiana, as Trustee for Land Trust No. 29 -5094 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 Warranty Deed(s) for the purpose of con- veying 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 Warranty Deed(s) and that the Secretary of said Commission is hereby authorized to attest said Agreement and Deed(s). Adopted at the Regular Meeting of the South Bend Redevelopment Commission held on June 16, 1972, in the Office of the Redevelopment Commission, Room 1200 County -City Building, 227 West Jefferson Blvd., South Bend, Indiana 46601. CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT