6.C.(4) Resolution No. 2507 - Laserfiche WebLink

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RESOLUTION NO. 2507 A RESOLUTION OF THE SOUTH BEND REDEVGLOPI9ENT COMJIISSION RELATED TO ACQUISITION OF PROPERTY IN THG AIRPOR"T ECONOMIC DG~'ELOPMENT AREA WHEREAS. under the authority granted by Indiana Code ~ 36-7-14, c'1 sc~y. and in furtherance of the Airport Economic De~~elopmcnt Area Plan ("Plane), the South Rend Rederelopmcnt Commission ("Conunission~~) has determined that it is necessary to acquire unencwnbered fee simple interest in certain properties located ~~ithin the area heretofore deli<~nated as the Airport Economic Development Area (the "Arca~~) within the City of South Bend, Indiana (the "Citv~~), which properties arc more particularly dcscribcd at Exhibit A attached hereto and incorporated herein (thc-~Propertics~~): and WHEREAS, on July 7. 2001. the Commission adopted Resolution No. 1839 amending the Plan and adding the Properties to the former Sample-Ewing Dc~-elopment Arrz~s acquisition list; and WHEREAS. hwo (?) independent appraisals of the Properties v,~°ere obtained in 2001 in accordance with Indiana Code ~ 36-7-14-19(b). ~~hich provide the otia-ing prices dcscribcd at Exhibit A (the ~'Ot~lerin~~ Pric~~~): and WHEREAS.. the Properties are now- listed frn~ sale at the amount of Elev~cu ~hhousand Nine Hundred and no/100 Dollars 011.900.00) (the "Sale Pricc~~) duo to the poor condition of the struchn e located on the Properties and WHEREAS. the Commission now desires to authorize the staff of the Commission to provide and negotiate an oftcr for the Purchase of the Properties in accordance .with Indiana Codc ~ 36-7-14-19. which may include the acquisition of an option and the Commission's pa~mcnt of expenses incidental to the conve~~ance and determination of the title of the Properties and WHEREAS, the Commission finds that all procedures necessary for authorizing and acquiring the Properties have been completed in accordance with Indiana law; '~~O\y%, THEREFORE. BE IT RESOLVED by the South Bend Redevclopmcut Commission that: 1 . The staff of the Commission arc hereby authorized and directed to cause a purchase oft~cr to be made in ~~riting to the owner(s) of the Properties as described at Exhibit A at the Sale Price. ~~~hich is less than the Average Acquisition Price in accordance ~~~ith Indiana Codc ~ 36-7-14 19, ~i~hich offer or process may include the acquisition of an option for the pm chase price and the payment of expenses incida~tal to the conveyance and determination of the title of the Properties.