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Resolution No. 3615 Purchase Agreement Elwood Shopping Plaza - Fully Executed
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Resolution No. 3615 Purchase Agreement Elwood Shopping Plaza - Fully Executed
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11/14/2024 2:12:29 PM
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NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission that: <br />1.The Commission hereby finds that the Purchase Price is fair and reasonable and that <br />accepting the Purchase Price is in the best interest of the health, safety, and welfare of the citizens <br />of the City and consistent with the purposes and requirements set forth in the Act. <br />2. The Commission hereby ratifies any actions of its staff, authorized representatives, <br />or legal counsel taken prior to the date of this Resolution that are consistent with the acquisition <br />procedure stated in Section 19 of the Act. <br />3. The Commission hereby approves the form of Assignment Agreement, attached <br />hereto as Exhibit B, which the Commission will execute simultaneously herewith. <br />4.The Commission instructs the Commission’s authorized representatives and <br />attorneys to deliver a signed copy of the Assignment Agreement to Blair Adams Ret, LLC and <br />take all steps necessary to consummate the transaction contemplated therein. <br />ADOPTED at a Regular Meeting of the South Bend Redevelopment Commission <br />held on October 24, 2024, at 1308 County-City Building, 227 West Jefferson Boulevard, <br />South Bend, Indiana 46601. <br />CITY OF SOUTH BEND, <br />DEPARTMENT OF REDEVELOPMENT, by <br />and through its governing body, the South <br />Bend Redevelopment Commission <br />___________________________________ <br />Troy Warner, President <br />ATTEST: <br />____________________________ <br />Vivian Sallie, Secretary
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