Resolution No 45-2022 - Accepting Purchase of Real Property SBCSC Admin. Building

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INTER-OFFICE MEMORANDUM Department of Law City of South Bend 227 W Jefferson Blvd TO: Board of Public Works, Theresa Heffner, Michael Schmidt FROM: Jenna Throw, Assistant City Attorney SUBJECT: Resolution No. 45-2022 – Authorizing Purchase of South Bend Community School Corporation Administration Building DATE: September 20, 2022 Members of the Board, Ms. Heffner, and Mr. Schmidt: As you may know, the City has been in discussions with the South Bend Community School Corporation for the purchase of the Administration Building located at 215 Dr. Martin Luther King Jr. Blvd. Pursuant to Indiana Code 36-1-11-8, this purchase is authorized by the adoption of substantially identical resolutions by each party to the transaction. As the Board of Public Works is the holder of real property owned by the City, we request that the Board adopt this Resolution to authorize the purchase of the Administration Building and authorize City personnel to execute the Purchase Agreement, Lease, and any other documents necessary to effectuate the transfer of the property from the School Corporation to the City. Attached to the Resolution is the Purchase Agreement between the Parties, as well as a form of Lease to govern possession of the Administration Building between the closing date and the date that possession transfers to the City.