No. 0095 authorizing acceptance of bid of Clemans Realty, Inc. for land in the Sample Street Redevelopment INDIANA R-7 Area

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RESOLUTION NO. 95 RESOLtJTIO AUTHORIZING ACCEPTANCE OF BID OF CLEMANS REALTY, INC. FOR LAND IN T SAMPLE STREET REDEVELOPMENT INDIANA R -7 AREA WHEREAS, Clemans Realty, Inc., by Arthur C. Clemans, its president, and Arthur Sch ifke, its Secretary - Treasurer, has submitted a written offer below the ninimum concurred -in price of 25.70 per square foot on Disposal Parcel co only referred to as No. 2(a), Sample Street Redevelopment Project In iana R -7; and WHEREAS, tie South Bend Redevelopment Commission has determined that the acceptance of this bid is in accordance with the approved disposal program for this a ea: and WHEREAS, tie land to be sold has previously been offered for sale by soliciting sealed bids, with no bids having been received for said property, and more t an ninety (90) days having elapsed since said offering, the Commission therefore determines that the disposal of said land by negotiation is the app opriate method of land disposition; and WHEREAS, the offer of 230 per square foot by Clemans Realty, Inc. for ten (10) acres is considered a fair market value for uses in accordance with the Urban Renewal Plan, and will result in a saving of approximately $40,000.00 because the proposed service road will not have to be construc- ted on this parcel; NOW, THEREFORE,, THE SOUTH BEND REDEVELOPMENT COMMISSION accepts the offer of Clemans Realty, Inc. to acquire at a price of 230 per square foot, being a total purchase price in the sum of $100,188.00, and to redevelop the designated Disposition Parcel 2(a) in accordance with the Urban Renewal Plan and land disposition contract, which real estate isaDre particularly described s follows: Parcel 2(a) as shown on the recorded plat of the Inner Belt Industrial Park, a ubdivision of the City of South Bend, St. Joseph County, Indiana. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held Dece. er 10, 1964 at the office of the Commission, 129 W. Colfax Avenue, So th Bend, Indiana.