No. 0134 authorizing acceptance of bid of Howard F. Harris and Bonnie L. Harris for land in the Sample Street Project INDIANA R-7

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RESOLUTION NO. 134 RESOLUTION AUTHORIZING ACCEPTANCE OF BID OF HOWARD F. HARRIS AND BONNIE L. HARRIS FOR LAND IN THE SAMPLE STREET PROJECT, INDIANA R -7. WH REAS, Howard F. Harris and Bonnie L. Harris have submitted a written offer m eting the approved minimum price on Disposal Parcel commonly referred to as N . 5, Sample Street Project, Indiana R -7; and WHEREAS, the South Bend Redevelopment Commission has determined that the acceptance of this bid is in accordance with the approved disposal program for this area; and WHEREAS, the Commission has determined that the redeveloper possesses the qua ifications and financial resources necessary to acquire and develop the lanq in accordance with the Urban Renewal Plan; and WHEREAS, the land to be sold has previously been offered for sale by soliciting sealed bids, with no bids having been received for said property, the Commission therefore considers disposal of said land by negotiation to be the appropriate method of land disposition; and WHEREAS, the offer of 15.5 per square foot, for Parcel No. 5 and for that portion of the alley proposed to be vacated which revert to the owner- ship of the Redevelopment Commission, by Howard F. Harris and Bonnie L. Harris, is satisfactory and is not less than the fair market value for use in accordance with the Urban Renewal Plan, as determined by updating apprai- sal of this area completed on October 14, 1965. offer o the Reg to acqu Disposi Ado held May South Be THEREFORE, THE SOUTH BEND REDEVELOPMENT COMMISSION accepts the Howard F. Harris and Bonnie L. Harris, subject to the approval of anal IV Office of the Department of Housing and Urban Development, re and redevelop at a price of 15.5 per square foot the designated ion Parcel No. 5, which is known and described as follows: Parcel No. 5 and the West Half of the Alley between Garst Street and Kerr Street in the Inner Belt Industrial Park, a Subdivision in the Southeast and Southwest Quarter of Section 11, and the Northeast Quarter of Section 14, all in Township 37 North, Range 2 East of the Second Principal Meridian, City of South Bend, Indiana, the Plat of which is recorded in Plat Book 21, Page I, in the office of the Recorder of St. Joseph County, and containing 98,333 square feet, more or less. ►ted at a regular meeting of the South Bend Redevelopment Commission 19, 1966, at the office of the Commission, 120 West LaSalle Avenue, id, Indiana.