#1946- Deed; QUIT-CLAIM DEED Olivers 2nd Addition 1125 West Indiana

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THIS ri\. AGREEMENT, , entered into this 14 day of Jesus Granados ' 1996, by and between Maria Granados and Civil City , hereinafter referred to as the "Buyers," and the Y of South Bend, a municipal corporation of the State of Indiana, hereinafter referred to as the "City." WITNESSETH: WHEREAS, I.C. 36-1-11 establishes the procedures for the sale and rental of real property owned by the City of South Bend; and WHEREAS, the Board of Public Works (hereinafter referred to as the "Board") is empowered to carry out the provisions of said statute; and WHEREAS, the Board has determined that: 1. The highest and best use of certain real property owned by the City is by sale to an abutting landowner; 2. The cost to the public of maintaining said real property owned by the City equals or exceeds the established fair market value of said real property; 3. It is economically unjustifiable to sell real property owned by the City in accordance with the procedures set forth in I.C. 36-1-11-4. WHEREAS, the Board has determined that the assessed value of said real property is less than TWO THOUSAND DOLLARS ($2,000); and WHEREAS, the Board appointed a licensed independent appraiser who appraised the particular real property; and WHEREAS, based upon the appraisal submitted, the Board has established an offering price for the said property, and published notice of its intention to sell said property at said price; and WHEREAS, pursuant to I.C. 36-1-11-5, the Board is empowered to negotiate and sell said real property to the abutting landowner who submits the highest offer for said real property; and WHEREAS, the Buyers made an offer of Three Hundred and Fifty Dollars ($350.00) to purchase the property, this offer being the only offer received; and WHEREAS, the offer of Three Hundred and Fifty Dollars ($250.00) was accepted by the City. NOW, THEREFOR, it is agreed by and between the parties hereto, and for and in consideration of the promises and the mutual covenants herein contained, as follows: 1. The City agrees to sell and Buyer agrees to buy the following property located in St. Joseph County, Indiana: Key Number 18-8052-2111 Lot 185 Olivers 2nd Addition. Commonly known as 1125 West Indiana, South Bend. for the sum of $350.00. 2. Buyer agrees to pay the purchase price and recording fee in full at the time of closing.