Transfer of Property at 1733 East Northside Blvd from the Park Department

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It has been determined that the Foundation could accomplish the required construction more quickly and efficiently than the City. Since the construction scheme proposed by the Army requires the party contracting for the construction work to own the site to be improved (Maple Lane) , it is proposed to transfer Maple Lane to the Foundation. However, since the exchange agreement calls for an exchange of the Northside leasehold and improvements for Maple Lane, one party must hold title to both Northside and Maple Lane. Consequently, it has been proposed that both Northside and Maple Lane would be transferred to the Foundation, with the Foundation standing in place of the City once Maple Lane and Northside are transferred to it. As is noted above, there are $500,000 in expenses the City and/or Foundation have to contribute to the project beyond the value of Maple Lane, itself. Northside has been appraised at or near this cost. It has been proposed that upon release by the Army of its leasehold and transfer to the Foundation of title to the improvements located thereupon, the Foundation shall sell Northside to IUSB for $500,000 . The $500,000 would then be used to reimburse the City and Foundation for expenses incurred by both in facilitating this project. The Northside Boulevard Armory has not been used for Park purposes since at least May 18, 1952, and the plans of the Park Board have not and do not contemplate the use of the Northside Boulevard Armory for Park purposes. On November 20, 1989, the Board of Park Commissioners for the City of South Bend memorialized its intentions with respect to the Northside Boulevard Armory in a Resolution authorizing its sale in order to facilitate the relocation of the United States Army Reserve operation housed there, and to facilitate the acquisition of the Northside Boulevard Armory by Indiana University. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: SECTION I. That the City owns for the use of the Park Department and/or Board of Park Commissioners the following described property, situated in St. Joseph County: A part of the West Half (WI ) of the Northeast Quarter (NE* ) of Section Eighteen ( 18) , Township Thirty Seven ( 37) North, Range Three ( 3 ) East, Portage Township, all in the City of South Bend, St. Joseph County, Indiana, and more particularly described as follows: Beginning at the southeast corner of Lot No. 24 in Miksell' s G.W. First Addition in South Bend, Indiana (Plat Book No. 8, Page 137, St. Joseph County) , said corner being on the southerly extension of the west right of way line of a public street (now known as Greenlawn Avenue) ; thence North 89°34 ' 55" West (Assumed Bearing) along the south line of said Lot No. 24 a distance of 141.85 feet; thence along the south line of a 14 foot alley South 78°53 ' 00" West a distance of 364. 59 feet; thence South 00°20 ' 25" East a distance of 370. 19 feet; thence South 62°12 ' 25" East a distance of 177. 06 feet to the northern right of way line of a public street (now known as Northside Boulevard) ; thence continuing along said nnrthorn ri r-rhi- of c.rmcr l i no F4 crc ( Si 1