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PURCHASE A;RRFMF.TTT <br />to as the <br />orporation <br />"City." <br />r the sale <br />Bend; and <br />rred to as <br />s of said <br />erty owned <br />property <br />air market <br />property <br />forth in <br />value of <br />000.00) ; <br />appraiser <br />Board has <br />published <br />ice; and <br />powered to <br />owner who <br />ty Dollars <br />for said <br />e parties <br />he mutual <br />buy the <br />rding fee <br />involved <br />THIS AGREEMENT, entered into this -_ day of 0 <br />199(p_a_,'by and between Elvis Willis, hereinafter referred <br />"Buyer," and the Civil City of South Bend, a municipal c <br />of the State of Indiana, hereinafter referred to as the <br />WITNESSETH: <br />WHEREAS, I.C. 36--1-11 establishes the procedures fo <br />and rental of real property owned by the City of South <br />WHEREAS, the Board of Public Works (hereinafter refe <br />the "Board") is empowered to carry out the provision <br />statute; and <br />WHEREAS, the Board has determined that: <br />1. The highest and best use of certain real prop <br />by the City is by sale to an abutting landowner; <br />2. The cost to the public of maintaining said real <br />owned by the City equals or exceeds the established f <br />value of said real property; <br />3. It is economically unjustifiable to sell real <br />owned by the City in accordance with the procedures set <br />I.C. 36-1-11-4. <br />WHEREAS, the Board has determined that the assessed <br />said real property is less than TWO THOUSAND DOLLARS ($2 <br />and <br />WHEREAS, the Board appointed a licensed independent <br />who appraised the particular real property; and <br />WHEREAS, based upon the appraisal submitted, the <br />established an offering price for the said property, and <br />notice of its intention to sell said property at said pr <br />WHEREAS, pursuant to I.C. 36-1-11-5, the Board is em <br />negotiate and sell said real property to the abutting land <br />submits the highest offer for said real property; and <br />WHEREAS, the offer of the Buyer in the amount of Fif <br />($50.00) was offered and accepted as the best offer <br />property. <br />NOW, THEREFORE, it is agreed by and between th <br />hereto, and for and in consideration of the promises and t <br />covenants herein contained, as follows: <br />1. The City agrees to sell and Buyer agrees to <br />following property located in St. Joseph County, Indiana <br />Key #: 18-5100-3540 <br />Lot 78 Hartman and Millers Plat <br />for the sum of $50.00. <br />2. Buyer agrees to pay the purchase price and reco <br />in full at the time of closing. <br />3. Buyer agrees to pay all title and abstract costs <br />in said transaction which it shall desire or request. <br />