#2564- Deed; QUIT-CLAIM DEED Kuespert & Summers 1039 LaSalle Court

Home Browse Search

PURCHASE AGREEMENT / ;g- Olkau�\ THIS A.q-REEMENT, entered into c�) day of JG9 X, by and between Cheryl Moore, hereinafter referred to as the "Buyer," and the Civil City 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 Buyer made an offer to purchase the property, this offer being the only offer received; and WHEREAS, the counteroffer of the City in the amount of One Hundred Fifteen Dollars ($115.00) was accepted by the Buyer. NOW, THEREFORE, 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 ##:18-1043-1854. Lot 2 & 33 x 40 ft. & adj. Kuespert & Summers addition. for the sum of $115.00. 2. Buyer agrees to pay the purchase price and recording fee in full at the time of closing. 3. Buyer agrees to pay all title and abstract costs involved in said transaction which it shall desire or request. 4. At the time to closing and after a submission of a receipt for the total purchase price has been submitted by the Controller to the Board of Public Works, the Board shall cause a Quit -Claim deed to be prepared, which deed shall be signed by the Mayor and attested to by the City Clerk with the Seal of the City affixed, which shall then be recorded with the St. Joseph County Recorder's Office.