No. 0077 approving the proposed disposition and minimum price for a certain parcel of real estate in Sample Street Project INDIANA R-7 Area by advertising/soliciting written bids

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RESOLUTION NO. 77 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT APPROVING THE PROPOSED DISPOSITION AND MINIMUM PRICE FOR A CERTAIN PARCEL OF REAL ESTATE IN THE SAMPLE STREET PROJECT INDIANA R -7 AREA BY ADVERTISING AND SOLICITING WRITTEN BIDS. WHEREA , land constituting the triangular tract of land of Disposition !parcel No. 6 of the Sample Street Project Indiana R -7 has been acquir- ed for the use and benefit of its Department of Redevelopment; and WHBREA , the South Bend Redevelopment Commission is of the opinion that Ts land should be offered for sale as promptly as possible subjeto the requirements of the Redevelopment Plan; and VMEREA , the South Bend Redevelopment Commission is of the opinion that p oposed sale at this time would be both timely and to the best intere is of the community; NOW, T #EREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMIS ION AS FOLLOWS: a. That the proposed real estate offered for sale is fully described in the Offering Sheet, which Offering Sheet is ordered attached hereto as Exhibit "A" and made a part of this resolution. The real estate to be sold at this time should be the real estate known as the triangular tract of land of Disposition Parcel No. 6 its shown on the map prepared by Charles W. Cole & Son, Engineers, which map is ordered attached to this resolution and marked Exhibit "B ". b. That the real estate be disposed in accordance with Section 48--8559, Burns Annotated Indiana Statutes which provides in substance the tract of land will be advertised at least one time in two newspapers of general circulation in South Bend, Indiana. Specifically, the date of publication is to be March 25 1964. Written bids are to be publicly opened and announced at a regular meeting of the Redevelopment Commission to be held on April 16, 1964, at 10 :30 a.m., E.S.T., at the office of the So th Bend Redevelopment Commission at 129 West Colfax Avenue in So th Bend, Indiana. That in all respects the proposed disposal pr cedure follow the Statutes of the State of Indiana. C. That the proposed minimum disposal price shall be not less than 48 34� per square foot, which price is not less than the fair va ue of the land for use in accordance with the Urban Renewal Plan and is equal to the average of the three appraisals made of the fair value of said land. d. Th�t no disposition of this land be made by public auction. Adopteo at the regular meeting of the South Bend Redevelopment Com- missio held on March 5, 1964, at the office of the Commission, 129 W. Colfax Avenue, South Bend, Indiana.