Award Bid & Purchase Agreement - 442 S. Brookfield St. - Marcia Morocho

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PURCHASE AGREEMENT This Purchase Agreement ("Agreement"), entered into this 23rd day of November 2021, by and between the City of South Bend, Indiana (the "City"), by and through its contracting body, the Board of Public Works (the "Board" and, together with the City, the "Seller") and Marcia Morocho, of 421 S. Jackson St., South Bend, IN 46619, in her individual capacity ("Buyer") (Each a "Party" and together the "Parties"). WITNESSETH: WHEREAS, I.C. 36-1-11 (the "Act") establishes the procedure for the sale and rental of real property owned by the City; and WHEREAS, the Board is empowered to carry out the provisions of said statute; and WHEREAS, Seller owns certain real property located in the City, commonly known as 442 S. Brookfield St., and more particularly described in attached Exhibil A (the "Property"). WHEREAS, pursuant to the Act, Seller requested to advertise the sale of the Property on October 26, 2021. WHEREAS, pursuant to the Act and its advertisement on October 29,2021 and November 5, 2021, Seller opened bids for the purchase of the Property at a public hearing on November 9, 2021. WHEREAS, Buyer, an abutting landowner, was the highest and most responsive bid. WHEREAS, Seller desires to sell the Property to Buyer on the terms stated in this Agreement. NOW, THEREFORE, in consideration of the mutual covenants and promises in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledged, Buyer and Seller agree as follows: 1. PURCHASE OBLIGATION A copy of this Agreement, signed by Buyer, shall confirm Buyer's offer to purchase the Property for the sum of $1,310. A certified check in the aforementioned amount plus the cost of the Advertising Fee, Transfer fee, Recording Fee and County Sales Disclosure Form fee (hereinafter, "Associated Fees") shall be delivered to the following representative ("Seller's Representative") no later than 60 days from the date of this Agreement: