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RESOLUTION NO, <br />A RESOLUTION OF THE COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND AUTHORIZING THE BOARD OF PUBLIC <br />WORKS TO NEGOTIATE THE SALE OF A PARCEL OF LAND <br />KNOWN AS PARCEL "B", A RESIDUAL PORTION OF PROPERTY <br />ACQUIRED FOR THE MICHIGAN/MAIN CONNECTOR <br />WHEREAS, the Board of Public Works of the City of South Bend, <br />pursuant to the Municipal Code of the City of South Bend, <br />Chapter 14.5 has offered for sale a parcel of land known <br />as Parcel "B". a residual portion of property acquired for r.he <br />Michigan/Main Connector, as described in the attached Exhibit <br />A, at an offering price of $42,834,00, and received no bids; and <br />WHEREAS, the Board of Public Works of the City of South Bend, <br />pursuant to the Municipal Code of the City of South Bend, <br />Chapter 14.5, offered the parcel of Land for sale under <br />credit terms over a period of three years at an offering price <br />of $42,834.00, and received no bids; and <br />WHEREAS, the Board of Public Works has now received an offer <br />of $12,850,00 for the parcel of property; and <br />WHEREAS, the Board of Public Works has now complied with all <br />requirements of the Municipal Code of -the -City of South Bend, <br />Chapter 14.5, which establishes procedures for the disposition <br />of real property owned by the City of South Bend, and more <br />specifically real property valued by the Board at more than <br />one thousand dollars. <br />NOV, THEREFORE , BE IT RESOLVED by the Conn -non Council of the <br />City of South Berl' that: <br />SECTION 1. The Board of Public Works be authorized to <br />negotiate a contract for the sale of <br />Parcel "B - as described o-k, the attached :-1xhibi_t A <br />SECTION II. This resolution shall be in full force and <br />effect from and after its' adoption by the Common Council and <br />approval by the .Mayor. <br />Member o the Common Council <br />rID <br />