Expressing its Interest in Purchasing the Property 201 South William St.

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RESOLUTION NO. 3(50-03 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, EXPRESSING ITS INTEREST IN PURCHASING THE PROPERTY 201 SOUTH WILLIAM STREET WHEREAS, it is deemed necessary and desirable by the South Bend Board of Public Works to acquire a building located at 201 South William Street in South Bend, Indiana, which real property is owned by the State of Indiana, and is particularly described as follows: Real Property in the City of South Bend, St. Joseph County, State of Indiana, described as follows: Lots Numbered One (1), Two (2), Three (3) and Four (4) in block numbered Three (3) as shown on the Recorded Plat of William S. Vail's Addition to the town, now city, of South Bend. WHEREAS, the Real Property is desired for the purpose of conveyance to a not - for - profit social service agency which is qualified under Section 501(C) of the Internal Revenue Code; and WHEREAS, the State of Indiana is interested in selling said Real Property; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana as follows: Section I. The Board of Public Works is authorized and directed to appoint two (2) appraisers to appraise the fair market value of the Real Property. Section II. The Board of Public Works shall give a copy of both appraisals to the Common Council. Section III. The Board of Public Works may not purchase the Real Property for a price greater than the average of the two appraisals. Section IV. The Board of Public Works may not dispose of the Real Property for less than the purchase price. Member, South Bend Common Council PRESENTED � �\ 3 J O NOT AppROVED ADOPTED I— � 3" 0 3 e armed in Cllr; °s office LAN d R, 2603 LORETTAI OUDA cff y O LERlS. SO.8F H D> RL