#2945- Deed; QUIT-CLAIM DEED; E half of Lot 12 and 5' from E to W off of and from entire length of E side of W half of Lot 12 as shown on Plat of Wall and Hine's Sub of North Part of Bank Out Lot 90 of 2nd Plat of Out Lots

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h PURCHASE AGREEMENT THIS AGREEMENT, entered into this day of 2004, by and between, South Bend Heritage Foundation 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: WHREAS, both I. C. 36-1-11-1(b)(7) and I.C. 5-22-22-1(c)(7) permit the sale of real property owned by the City of South Bend to a not -for -profit corporation organized for education, literacy, scientific, religious, or charitable purposes that is except from federal income taxation under Section 501 of the Internal Revenue Code; and WHEREAS the South Bend Heritage Foundation, Inc., as part of its charitable purpose, helps improve neighborhoods and encourage home ownership in the City of South Bend, is an Indiana not - for -profit corporation organized for education, literacy, scientific, religious, or charitable purposes that is except from federal income taxation under Section 501 of the Internal Revenue Code; and W-HEREAS, the board of Public Works of the City of South Bend (hereinafter referred to as the "Board") is empowered to convey property owned by the City of South Bend; 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 Indiana not -for -profit corporation dedicated to the improvement of property throughout the City of South Bend for the benefit of the City of South Bend should be returned to the tax rolls and occupied by its owner; 2. It would be to the advantage of the City of South Bend to sell the property described below to the South Bend Heritage Foundation, Inc. for twenty-nine thousand dollars ($29,000.00). WHEREAS, the offer of the Buyer in the amount of Twenty -Nine Thousand Dollars ($29,000.00) was offered for said property and has been accepted in the best interest of the City of South Bend. 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: The East Half (1/2) of Lot Numbered Twelve (12) and a strip of land 5 feet in width, from East to West, taken off of and from the entire length of the East side of the West half (1/2) of said Lot Numbered Twelve (12) all as shown on the recorded Plat of Wall and Hine's Subdivision of the North park of Bank Out Lot 90 of the SecondPlat of Out Lots of the Town, now City of South Bend platted by the State Bank of Indiana. Commonly refen-ed to as 1010 Jefferson.