1993-08-05 Resolution 81 - Laserfiche WebLink

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R,ESCLUTION NO, 81 ARESOb?3TION OF THE SOUTH BEND REDE~JELOPMENT At,TT3?ORITY ~iPFROVING AND ACCEPTiN~ 'T'RANSFER GF REAL PROPERTY FROM T~iE STATE flF INDIANA WHEREAS, the State of Indiana thereinafter the "State") is the owner of a parcel of real property, situated in St. Joseph County, 3ndiana, and being more particularly described as follows A part of the west Half of the Southeast Quarter of Section 19, Township 38 North, Range 2 East., St. Joseph:County, Indiana, described as follows: Beginning on the .west line of said quarter:section idorth 0 degrees 57 minutes 33 seconds West 1,176,34 feet from the southwest:corner of said quarter section; thence North 0 degrees 57 minutes 33 seconds West 1,455.42 feet. along said west line to the northwest corner of said quarter section; thence North 89 degrees 39 minutes 30 seconds East 647.48 feet along the north line of said quarter section to the west boundary of U.S. 31 Bypass; thence South 2 degrees 38 minutes 37 seconds East 904.90 feet (.903..33 feet by Cause No, F-2917 of the St, Joseph County Circuit Court) along the boundary of said U.S. 31 Bypass; thence South O degrees 17 minutes. 00 seconds East 27.9.50 feet along said boundary; thence South 89 degrees 43 minutes 00 seconds west'16g.00 feet .along said boundary; thence 'North 8~ degrees 5Q minutes 29 seconds West 193.31 feet along said boundary; thence South. 38 degrees 43 minutes 26 seconds West 349.13 feet along-said boundary; thence South 89 degrees 43 minutes 00 seconds West 88,69 feet to the point of beginning and containing 19.260 .acres, more or less, Thereinafter referred to as the "Real Property"}; and ~~IHEREAV,r~~ntal entit8iesrby~adopt~ontof substantiallyeidenticalLy bets een go e resolutions; and WHEREAS, pursuant to I.C. 36-7-14.5-12(a)(5) and (4), the Redevelopment Authority may acquire and hold real property needed or considered useful in conneetior. with local public improvements; and _ WHEREAS, pursuant'to I.C. 5-18-1-1, I.C. $-15-2-2 and I.C. 8-23-2-6 • the State is authorized to acquire and dispose of real property; and WHEREAS, the State is desirous of transferring title to the Rthe Property to the South Bend Redevelopment Authority (hereinafter, "Redevelopment Authority") so that the same may be utilized for the construction of Nimtz'Parkway; and WHEREAS, the Redevelopment Authorito allowsforuthefconstructionhof Real Property from the State in order Nimtz Parkway; and. WHEREAS, the State has proposed a purchase price of Three Hundred Eighty-seven Thousand Dollars ($387,000.00) to be paid by the Authority for the Real Estate, which purchase price is reasonably related to independent appraisals of the Real Estate procured by the State and the costs incurred by the State in acquiring the Real Estate; and by Resolution No. 33, adopted March 8, , WHEREAS, 1991 the Redevelopment Authority has elected to abide by the provisions of I.C. 36-1-11-8 with regaxd to the transfer by or to it of real property to or from another governmental entity; and