No. 0062 authorizing acceptance of bid for land in the Sample Street Redevelopment Area

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WHEREAS, doing bu style of submitte Disposal RESOLUTION NO. 62 RESOLUTION AUTHORIZING ACCEPTANCE OF BID FOR LAND IN THE SAMPLE STREET REDEVELOPMENT AREA Bruce W. Watkins, Harry B. Melander and James W. Whalen, 3iness as a general partnership under the firm name and "Merrifield Metal Products" of Mishawaka, Indiana, has i a written offer meeting the approved minimum price on Parcel commonly referred to as No. 1(d), Sample Street )ment Project Indiana R -7; and WHEREAS, the South Bend Redevelopment Commission has determined that the aces tance of this bid is in accordance with the approved disposal program gor this area; and WHEREAS, the South Bend Redevelopment Commission has determined that the Merrifield Metal Products possesses the qualifications and finan- cial resources to acquire and develop the land in accordance with the Urban Renewal Plan; and WHEREAS, the land to be sold has previously been offered for sale by soliciting sealed bids; and more than 90 days have elapsed since said bid opening with no bids having been received for said property, the Comm ssion therefore considers disposal of said land by negotia- tion to be the appropriate method of land disposition; and WHEREAS, the offer of 23.70 per square foot by Merrifield Metal Products is satisfactory and is not less than the fair market value for uses in accordance with the Urban Renewal Plan, NOW, THEREFORE, the South Bend Redevelopment Commission accepts the offer of the Merrifield Metal Products to acquire at a price of 23.70 per square foot and redevelop the designated Disposition Parcel 1(d) which is known and described as follows: Commencing at an existing Cross in the East sidewalk of Scott Street at the intersection of Western Avenue, said Cross being located on the South Line of Western Avenue and Five Feet (5.001) West of the East Line of Scott Street; thence Southerly from said Cross a distance of Nine Hundred Thirty -eight and Forty -nine Hundredths Feet (938.491) to another existing Cross in the East sidewalk of Scott Street; thence continuing Southerly a distance of One Hundred Feet (100.001) to another existing Cross in the East sidewalk of Scott Street (all these three (3) Crosses being in a straight line and Five Feet (5.001) West of the East Line of Scott Street); thence continuing Southerly along a line projected through the above said three (3) Crosses a distance of. Seventy -one and Seventy-one Hundredths Feet (71.711); thence turning a deflec- tion a gle of Eighty -nine Degrees, Fifty -seven Minutes, Thirty Second (890 57' 30 ") right from the last described course extended and running Westerly along this line a distance of Seventy -five Feet (75.001); thence Southerly on a Line parallel to and Seventy - five F et (75.001) West of the Line established by the three (3) previo sly described existing Crosses in the East sidewalk of Scott 5treet a distance of Three Hundred and Thirty -five Feet (335.0)1) to the point of beginning; thence continuing Southerly along he last described course a distance of One Hundred Thirty - five Feet (135.001); thence turning a deflection angle of Eighty - nine grees, Fifty -seven Minutes, Thirty Seconds (890 57' 3011) -1-