No. 3071 authorizing the Director of Redevelopment to approve/execute documents on behalf of the COSB, Indiana, Dept. of Redevelopment related to the exercise of purchase options in the Blackthorn Corporate Office Park Area

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L*1 RESOLUTION NO. 3071 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE DIRECTOR OF REDEVELOPMENT TO APPROVE AND EXECUTE DOCUMENTS ON BEHALF OF THE CITY OF SOUTH BEND, INDIANA, DEPARTMENT OF REDEVELOPMENTRELATED TO THE EXERCISE OF PURCHASE OPTIONSIN THE BLACKTHORN CORPORATE OFFICE PARK AREA WHEREAS, the South Bend Redevelopment Commission (the "Commission ") is the governing body of the City of South Bend Department of Redevelopment (the "Department ") established under the Redevelopment of Cities and Towns Act of 1953, as amended, being Indiana Code § 36-7 -14-1 et seq. (the "Act "); and WHEREAS, the Commission is the owner certain parcels (the "Parcels ") located in and around the Blackthorn Corporate Office Park ( "Blackthorn ") and the Commission has approved and entered into an Option Contract (the "Agreement ") with Cressy and Everett Commercial Company ( "Cressy "); and WHEREAS, the Agreement provides that Cressy has the option to purchase one or more Parcels upon the terms and conditions set forth in the Agreement; and WHEREAS, in order to respond to development proposals made by third parties to Cressy, the Commission may be required to execute certain documents on short notice; and WHEREAS, in order to provide the response time required by Cressy, the Commission desires to expressly authorize the Director of Redevelopment for the Commission to approve and execute such documents as necessary, including deeds and closing documents, to provide for the transfer of a Parcel or Parcels to Cressy pursuant to the Agreement; NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The Director of Redevelopment of the Commission, Donald E. Inks, or his successor (the "Director ") is hereby authorized to approve and execute, on behalf of the Commission, such documents as necessary, including deeds and closing documents, to provide for the transfer of a Parcel or Parcels to Cressy pursuant to the Agreement.