#2773- Deed; QUIT-CLAIM DEED 1522 Catalpa Raffs Third Addition

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lEoc'j, if ill 1oc r PURCHASE AGREEMENT 2 9 2007 THIS • r'�i �y between, REV AGREEMENT, entered into this _ SAM FRISON. 312 EAST CA ERT day of ��, hereinafter referred to as the "Buyer," and the Civil Ci of S ' 2001, by SOUTH BEND INDIANA 46613 of the State of Indiana, hereinafter referred to as the -City.,, oath Bend a municipal corporation WITNESSETH: WIdEREAS,1. C. 36-1-11 establishes the procedures for the sale and owned by the City of South Bend, and rental of real property WHEREAS, the board ofPublic Wprks (hereinafter referred to cagy out thepr•ovisions ofsaid statute; and to as the `Board" is errxpowercd WHEREAS, the Board has determined that: I . The highest and best use of certain real property owned by the City is b sale abutting Iandowner; tY y le to an 2. The cost to the public of maintaining said real properties owned b the C' or exceeds the established fair market value of said real properties; y City equals 3 It is economically unjustifiable to sell real property owned by the Ci in with the procedures set forth in I. C. 36-1 1 I-4. tY accordance WHEREAS, the Board has determined that the assessed value of said real rope than TWO THOUSAND DOLLARS ($2,000.00) ; and p p I is less 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 properties, and published notice of its intention to sell said property at said price; and WHEREAS, pursuant to I. C. 36-1-I I-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 offer of the Buyer in the amount of three hundred seventy five ($375.00) Dollars was offered and accepted as the best offer for said property. 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: I . The City agrees to sell and Buyer agrees to buy the following property located in St. Joseph County, Indiana: 1522 Catalpa Street Key No. 18-8025-0999 for the sum of $375.00. 2. Buyer agrees to pay the purchase price and recording f ee In full at the time of closin 3. Buyer, g. ragrees to a shall desire or request. g pay all title and abstract costs involved in said try ansaction which it 4. The di conve ante of the aforementioned re not crsed as a buildrl1g site for, of a new, sir _ real properties is made so long as the lots are