1993-08-05 Resolution 81 - Laserfiche WebLink

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WHEREAS, the State has ar will issue an Order of Commissioner substantially identical to this Resolution to effectuate the transfer of the Real Estate from .the State to the Redevelopment Authority. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND g,EDEVELOFMENT AUTHORITY AS FOLLOWS: s, That in consideration of the conveyance by the State of Indiana of the following described real property situated in St. Joseph County: A part of the West Half of the Southeast quarter of Section 19, Township. 38 North, Range ~ East, St. Joseph Ccunty, Indiana,. described as follows: Beginning on the west line of said quarter section North fl 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 1,45.5..42 feet along .said west line. to the northwest corner of said quartex section; thence North 89 degrees 39 minutes 3fl seconds East 647.48 feet along the.. north line of said. quarter section to the-west boundary of U,S. 31 Bypass.; thence South ~ degrees 38 minutes 37 seconds East 904.90 feet (903.33 feet by Cause No. F-2917 of the St. Jcseph County Circuit Court) along the boundary of said U.S. 31 Bypass; thence. South 0 degrees 17 minutes flfl seconds East 279.50 feet along said boundary; thence South 89 degrees 43 minutes OO seconds West 169.00 feet along said boundary; thence North 89 degrees 50 minutes 29 seconds West 193.31 feet along said boundary; thence youth 38 degrees fl3 minutes 26 seconds West.. 349.13. feet along said boundary; thence South 89 degrees 43 minutes Ofl seconds West 88,69 feet to the point of beginning and containing 19.260 acres, more or less, the South Bend Redevelopment Authority hereby agrees to pay to the. State the sum of Three Hundred Eighty-seven Thousand Dollars (~387,OOO,JO), ;~lhich sum the Authority hereby determines to be reasonable. 2, That the purchase price of Three Hundred Eighty-seven Thousand Dollars ($387,flfl0.fl0)'shall be paid by the Authority to the State as follows: Two Hundred Eighty-seven Thousand Dollars L$287,000.00) of said sum shall be paid by the Authority to the State upen conveyance of the Real Estate to the .Authority. Ra~-ment of the remaining One Hundred Thousand Dollars ($1flQ,Ofl0.Ofl) shall. be due and payable at a future date upon such terms and conditions as are mutually agreed upon by the Authority and State. 3. That the transfer of the Real Estate as described herein shall be, and hereby is, approved and accepted.. 4. That this Resolution shall be in full force and effect from and after its adoption. Adopted at the regular meeting of the South Bend Redevelopment Authority held August'S, 1993, at 4:30 p.m., 12fl0 County-City Building, South Bend, IN 46601 SOUTH BE`~3D B.EDEVELOPNiEN'sT' AUTHORITY W ;; eph rablewski, president ATT T: Donald ~'ewe11, Secretary ~tESO~ €'`3INlTZ