Common Council of the City of South Bend Expressing its Interest in Purchasing 52600 Olive Rd.

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RESOLUTION NO. , 3 � 1 �— 03 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, EXPRESSING ITS INTEREST IN PURCHASING 52600 OLIVE ROAD WHEREAS, it is deemed necessary and desirable by the South Bend Board of Public Works to acquire property located at 52600 Olive Road, South Bend, Indiana, which real property is owned by Beverly S. Grove, and is particularly described as follows: Real Property in the City of South Bend, St. Joseph County, State of Indiana, described as follows: A PARCEL OF LAND DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SECTION 19, TOWNSHIP 38 NORTH, RANGE 2 EAST; THENCE NORTHERLY 2855.36 FEET TO A POINT BEING THE INTERSECTION OF THE WESTERLY LINE OF SAID SECTION AND THE CENTER LINE OF INDIANA EAST AND WEST TOLL ROAD; THENCE EASTERLY ALONG THE CENTERLINE OF SAID TOLL ROAD 1019.36 FEET TO A POINT; SAID POINT BEING THE INTERSECTION OF OLIVE ROAD AND SAID TOLL ROAD; THENCE SOUTHERLY ALONG THE CENTER LINE OF OLIVE ROAD 876.28 FEET TO THE POINT OF BEGINNING; THENCE EASTERLY 200 FEET TO A POINT; THENCE SOUTHERLY 120 FEET TO A POINT; THENCE WESTERLY 200 FEET TO A POINT; THENCE NORTHERLY 120 FEET TO THE POINT OF BEGINNING. WHEREAS, the Real Property is desired for the purpose of widening Olive Road; and WHEREAS, Beverly S. Grove 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. PRESENTED 3 _2,y.03 NOT APPROVED 'f.DOPTED 3. -1�A-Q NferAer, South Bend Common ouncil Filed in Clerk's Office LIAR 199 2003 LOREITA J. DWA My CLERK, 9O. SEND, OFL