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1 <br />PURCHASE AGREEMENT <br /> <br /> This Purchase Agreement (“Agreement”) entered this 26nd day of November 26, <br />2024, by and between the City of South Bend, Indiana (the "City"), by and through its <br />contracting body, the Board of Public Works (the "Board" and together with the City, <br />“Seller”) and Carlos Chanon, 137 S Meade St, South Bend, IN 46619, in their individual <br />capacity. (“Buyer”) (Each a “Party” and together the “Parties”). <br /> <br />WITNESSETH: <br /> <br />WHEREAS, I.C. 36-1-11 (the "Act") establishes the procedure for the sale and rental of <br />real property owned by the City; and <br /> <br />WHEREAS, the Board is empowered to carry out the provisions of said statute; and <br /> <br />WHEREAS, the Seller owns certain real property located in the City, commonly known <br />as Vac Adj to 139 Meade St, and more particularly described in attached Exhibit A (the <br />“Property”); and <br /> <br />WHEREAS, pursuant to the Act, Seller requested to advertise the sale of the Property on <br />October 8, 2024; and <br /> <br />WHEREAS, pursuant to the Act and its advertisement on October 11, 2024 and October <br />18, 2024, Seller opened bids for the purchase of the Property at a public hearing on <br />November 7, 2024; and <br /> <br />WHEREAS, Buyer was the highest and most responsive bidder; and <br /> <br />WHEREAS, Seller desires to sell the Property to Buyer on the terms stated in this <br />Agreement. <br /> <br /> NOW, THEREFORE, in consideration of the mutual covenants and promises in <br />this Agreement and other good and valuable consideration, the receipt of which is hereby <br />acknowledged, Buyer and Seller agree as follows: <br /> <br />1. PURCHASE OBLIGATION <br /> <br />A copy of this Agreement, signed by Buyer, shall confirm Buyer’s offer to purchase the <br />Property for the sum of $1,550. A certified check in the aforementioned amount plus the <br />cost of the Advertising Fee, Transfer fee, Recording Fee and County Sales Disclosure Form <br />fee (hereinafter, “Associated Fees”) shall be delivered to the following representative <br />(“Seller’s Representative”) no later than 60 days from the date of this Agreement: <br /> <br /> <br /> <br />Theresa Heffner