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#2639- Deed; QUIT-CLAIM DEED Lot 5 & West 2 feet of Lot 4
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#2639- Deed; QUIT-CLAIM DEED Lot 5 & West 2 feet of Lot 4
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3/4/2025 2:34:07 PM
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_w <br />PURCHASE AGREEMENT <br />THIS AGREEMENT, entered into this &_ day of If/ , 2000, by and <br />between, G&M PROPERTIES, 14299 DAY ROAD, MISHAW A_ I- DIANA 46545 hereinafter <br />referred to as the "Buyer," and the Civil City of South Bend, a municipal corporation of the State <br />of Indiana, hereinafter referred to as the "City." <br />WITNES SETH: <br />WHEREAS, I. C. 36-1-11 establishes the procedures for the sale and rental of real property <br />owned by the City of South Bend; and <br />WHEREAS, the board ofPublic Works (hereinafter referred to as the "Board") is empowered <br />to carry out the provisions of said statute; and <br />WHEREAS, the Board has determined that: <br />1. The highest and best use of certain real property owned by the City is by sale to an <br />abutting landowner; <br />2. The cost to the public of maintaining said real properties owned by the City equals or <br />exceeds the established fair market value of said real properties; <br />3. It is economically unjustifiable to sell real property owned by the City in accordance <br />with the procedures set forth in I. C. 36-1-11-4. <br />WHEREAS, the Board has determined that the assessed value of said real properties are less <br />than TWO THOUSAND DOLLARS ($2,000.00) ; and <br />WHEREAS, the Board appointed a licensed independent appraiser who appraised the <br />particular real properties; and <br />WHEREAS, based upon the appraisal submitted, the Board has established an offering price <br />for the said properties, and published notice of its intention to sell said properties at said price; and <br />WHEREAS, pursuant to I. C. 36-1-11-5, the Board is empowered to negotiate and sell said <br />real property to the abutting landowner who submits the highest offer for said real property; and <br />WHEREAS, the offer of the Buyer in the amount of Five Hundred ($500.00) Dollars was <br />offered and accepted as the best offer for said properties. <br />NOW, THEREFORE, it is agreed by and between the parties hereto, and for and in <br />consideration of the promises and the mutual covenants herein contained, as follows: <br />1. The City agrees to sell and Buyer agrees to buy the following properties located in St. <br />Joseph County, Indiana: <br />2825 West Calvert (Lot 5 & West 2 Ft of Lot Richland I` Addition - 18-8I 10-4165) <br />2800 Block of West Calvert (Lot 35 &West 2Ft of Lot 36 Richland 191 Addition - 18-8110-4175) <br />for the sum of $500.00, <br />2. Buyer agrees to pay the purchase price and recording fee in full at the time of closing. <br />3. Buyer agrees to pay all title and abstract costs involved in said transaction which it <br />shall desire or request. <br />
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