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s ubmitt e
<br />parcel c
<br />Project
<br />Commis
<br />RESOLUTION NO. 127
<br />RESOLUTION CORRECTING DESCRIPTION AND PURCHASE
<br />PRICE OF OFFER TO PURCHASE LAND IN THE SAMPLE
<br />STREET INDIANA R -7 REDEVELOPMENT AREA UNDER
<br />OFFER ORIGINALLY MADE BY CUMMINS ENGINE COMPANY,
<br />INC. AND ASSIGNMENT TO SOUTH BEND LATHE, A
<br />DIVISION OF AMSTED INDUSTRIES, INCORPORATED.
<br />'HEREAS, Cummins Engine Company, Inc. of Columbus, Indiana,
<br />d a written offer meeting the approved minimum price on disposal
<br />>mmonly referred to as Number 6, Sample Street Redevelopment
<br />, ndiana R -7, which was approved by the South Bend Redevelopment
<br />;ion by appropriate resolution on October 15, 1964, and
<br />WHEREAS, said Cummins Engine Company, Inc. has assigned its
<br />right, title and interest in and to said written offer and real estate described
<br />therein to South Bend Lathe, a division of Amsted Industries, Incorporated,
<br />which as signment was approved by the South Bend Redevelopment Commission
<br />by appr priate resolution on October 21, 1965, and
<br />WHEREAS, an error has been discovered in the description of said
<br />Parcel 6 in the Plat of the Inner Belt Industrial Park Subdivision to the City
<br />of South Bend, which results in said Parcel 6 containing only 29, 587 square
<br />feet instead of 42, 826 square feet, and
<br />HEREAS, the offer for the purchase of said Parcel 6 was at the rate
<br />of 58.6 per square foot, the total purchase price should be amended and re-
<br />duced fr m $25,100.00 to $17,337.98,
<br />NOW, THEREFORE, BE IT RESOLVED, that the South Bend Redevelop-
<br />ment Commission, subject to the approval of the Regional Office of the Housing
<br />and Home Finance Agency of Region IV„ does hereby amend Resolution No. 93
<br />approving the written offer of Cummins Engine Company, Inc. of Columbus,
<br />Indiana, for the purchase of Parcel Number 6 in the Sample Street Redevelop-
<br />ment Pr jest Indiana R -7, and does hereby further amend Resolution No. 113
<br />approving the assignment of the Cummins Engine Company, Inc. of its right,
<br />title and interest in and to said written offer and the real estate described
<br />therein, to South Bend Lathe, a division of Amsted Industries, Incorporated,
<br />by corr sting the description of the real estate therein contained in said reso-
<br />lutions o that the description of said real estate will read as follows:
<br />arcel Number 6 in the Inner Belt Industrial Park, a Sub -
<br />ivision in the Southeast and Southwest Quarters of Section 11
<br />.id the Northeast Quarter of Section 14, all in Township 37
<br />orth, Range 2 East of the Second Principal Meridian, City
<br />E South Bend, Indiana, the Plat of which is recorded in Plat
<br />ook 21, Page I in the Office of the Recorder of St. Joseph
<br />ounty, Indiana, excepting therefrom the West 30 feet of the
<br />ast 40 feet of vacated Prairie Avenue, and containing 29,587
<br />luare feet, more or less.
<br />and further amends said Resolutions by providing that the total purchase price
<br />for said above - described real estate shall be the sum of $17, 337.98 instead of
<br />the sum of $25,100.00 as set out originally in said Resolutions.
<br />E IT FURTHER RESOLVED that the President and Secretary of the
<br />South Bend Redevelopment Commission are hereby authorized and directed to
<br />execute ontract for Sale of Land for Private Redevelopment, Part I ahid Part II
<br />thereof, for the sale of said above - described real estate to South Bend Lathe, a
<br />division of Amsted Industries, Incorporated, for the total purchase price of
<br />$17,337.98, and to execute a proper and sufficient Quit -Claim Deed upon the
<br />final co summation of the sale of the above - described real estate to South Bend
<br />Lathe, division of Amsted Industries, Incorporated.
<br />d this 17th day of March, 1966.
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