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• WHEREAS, the College r^ootball Hall of Fame Portion of the <br />Project is to be constructed on the Real Property; and <br />Tn1HEREAS, pursuant to I.C. 36-7-14-1.2.2{3) the Commission may <br />sell, lease, or grant interests in all or part of real property <br />acquired for redevelopment purposes to any other governmental agency <br />far public purposes upon any terms that may be agreed upon; and <br />WHEREAS, the Commission is desirous of transferring the Real <br />Property to the Authority to allow for the construction thereon of <br />the College Football Hall of Fame Portion of the Project and is <br />desirous of doing so for nominal consideration, and to that end on <br />March 11, 1994 adopted its Resolution No, 1236, approving the <br />transfer of the Real Property to the Authority far the sum of One <br />Dollar ($1.00); and <br />WHEREAS, the Authority is desirous of acquiring the Real <br />Property from the Commission pursuant to the. terms and conditions set <br />forth by the. Commission in its Resolution 1236. <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY AS FOLLOWS: <br />1. That the transfer of the Real Property situated in St. Joseph <br />County, Indiana, and generally described as follows, by the City of <br />South Bend, Department of Redevelopment, acting by and through the <br />South Bend-Redevelopment Commission to the South Bend Redevelopment <br />Authority: <br />Lots 44, 45, 46 and vacated alley (Resolution <br />X3375-23) of the Original Plat of the Town (now <br />City) of South Bend, St. Joseph County, Indiana, <br />more particularly described as follows: Beginning <br />at the northwest corner of said Lot 46; thence <br />North 89°39'34" East a distance of 164.86 feet <br />along the north line of said Lot 46 (south <br />boundary of Washington Street.) to the northeast <br />corner of said Lot 46; thence South 0°27'00"East <br />a distance of 212.02 feet to the northeast corner <br />of Lot 43 of said original plat; thence South <br />89°.37'39" West a distance of 164.86 feet along the <br />north line of said Lot 43 to the northeast corner <br />of said Lot 43; thence North 0°27'00" West a <br />distance of 212.-08 .feet along the east boundary of <br />Michigan Street to the point of beginning and <br />containing 0.802 acres, more or lend. <br />and also <br />Lot 5 of the Plat of River Bend Addition to the <br />City of South Bend, St. Joseph County, Indiana, <br />more particularly described as follows: Beginning <br />. at the southeast corner of said Lot 5; .thence <br />South 89°37'39" West a distance of 127.52 feet to <br />the southwest corner of said lot; thence North <br />