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26
<br />REGULAR MEETING
<br />WHEREAS, on February 26, 1990, the South Bend Board of Park Commissioners,
<br />after a public hearing pursuant to I.C. 36- 1 -11 -3, adopted a Resolution indicating
<br />its intention to transfer certain real estate under its ownership and /or control,
<br />which real estate is within the South Bend Redevelopment Commission's South Bend
<br />Central Development Area, and is more completely described in said Resolution,
<br />which is attached hereto and made a part hereof, to the South Bend Redevelopment
<br />Authority for public improvement; and,
<br />WHEREAS, the property to be transferred includes the seawall and walkway within
<br />Howard Park, the entire area comprising Viewing Park, the west river bank walkway
<br />near Century Center, all of which are owned by the South Bend Board of Park
<br />Commissioners, and the Morris Civic Auditorium Park, which is owned by the City of
<br />South Bend and is operated and controlled by the Board of Park Commissioners with
<br />the consent of the Board of Public works; and,
<br />WHEREAS, it is not necessary for the Board of Park Commissioners to hold title
<br />to said properties in order to continue to operate them for Park purposes after the
<br />transfer of title to the Redevelopment Authority; and,
<br />WHEREAS, all real estate to be transferred is in need of public improvement;
<br />and,
<br />WHEREAS, pursuant to I.C. 36 -7 -14 -25.2 and I.C. 36 -7- 14.5 -14, the South Bend
<br />Redevelopment Commission has entered into a lease agreement with the South Bend
<br />Redevelopment Authority for the financing and construction of public improvements
<br />within the South Bend Central Development Area, including the improvements to
<br />Howard Park sea wall and walkway, Viewing Park, the west river bank walkway near
<br />Century Center and the Morris Civic Auditorium Park; and,
<br />WHEREAS, the South Bend Redevelopment Authority is authorized by I.C.
<br />36 -7- 14.5 -19 to issue bonds in order to finance public improvements in the South
<br />Bend Central Development Area as set forth in I.C. 36- 7- 14.5 -11, and the Authority
<br />intends to issue such bonds for public improvement in that area; and,
<br />WHEREAS, I.C. 36 -7- 14.5 -11 requires that the South Bend Redevelopment Authority
<br />hold title to the real estate and public improvements to be made thereon with bond
<br />proceeds; and,
<br />WHEREAS, pursuant to I.C. 36- 1 -11 -3, the transfer of said property by the Board
<br />of Park Commissioners is subject to the approval of the Mayor and the Common
<br />Council; and,
<br />WHEREAS, on February 27, 1990, the Mayor approved the Park Board Resolution
<br />indicating its intention to transfer said property.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City South Bend,
<br />Indiana, as follows:
<br />SECTION I. The transfer of the parcels of land comprising Howard Park walkway
<br />and seawall, Viewing Park, the west river bank walkway near Century Center, and the
<br />Morris Civic Auditorium Park, which parcels are located within the South Bend
<br />Central Development Area, and are more completely described in the Resolution of
<br />the South Bend Board of Park Commissioners Indicating its Intention to Transfer
<br />Certain Real Estate to the South Bend Redevelopment Authority, and which was
<br />adopted on February 26, 1990, and which is attached hereto
<br />and made a part hereof, to the South Bend Redevelopment Authority pursuant to I.C.
<br />36- 10- 4 -9(8) and I.C. 36- 1 -11 -3 for public improvement consistent with the purposes
<br />set forth in I.C. 36 -7 -14.5 is hereby approved.
<br />SECTION II. This Resolution shall be in full force and effect from and after
<br />its passage by the Common Council and approval by the Mayor.
<br />s /Thomas Zakrzewski
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Larry Koepfle, Economic
<br />Development made the presentation on the bill. He stated that the resolution would
<br />allow for the transfer of certain portions of real estate owned or controlled by
<br />the Park Board to the South Bend Redevelopment Authority. He stated that the
<br />purpose of the transfer is to fulfill the requirements for issuance of the 1990 Tax
<br />Incremental Finance Bonds by the Redevelopment Authority. He indicated that the
<br />TIF issue will finance major renovations and improvements within the South Bend
<br />Central Development Area during 1990. Council Member Niezgodski made a motion to
<br />amend this bill, seconded by Council Member Duda. The motion carried. Council
<br />Member Niezgodski made a motion to adopt this resolution, seconded by Council
<br />Member Duda. The resolution was adopted by a roll call vote of nine ayes.
<br />RESOLUTION NO. 1771 -90 A RESOLUTION OF THE COMMON COUNCIL OF SOUTH BEND,
<br />INDIANA APPROVING THE TRANSFER OF CERTAIN REAL ESTATE
<br />BY THE SOUTH BEND BOARD OF PUBLIC WORKS TO THE SOUTH
<br />BEND REDEVELOPMENT AUTHORITY
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