Determining After Investigation Lease of Property 205 W. Jefferson Blvd. for use as General Office Space is Necessary

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RESOLUTION NO. C � g RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DETERMINING, AFTER INVESTIGATION THAT THE LEASE OF PROPERTY AT 205 W. JEFFERSON BLVD., SOUTH BEND, INDIANA, FOR USE AS GENERAL OFFICE SPACE IS NECESSARY WHEREAS, the Board of Public Works of the City of South Bend, Indiana, on October 8, 1998 received a petition signed by fifty taxpayers of the City of South Bend, requesting that the Board lease the office space at 205 W. Jefferson, Suite 416, South Bend, Indiana, by entering into a lease with 1st Source Bank for a term of one year with an option to renew for two additional one year periods without further rent increase, with an annual rental not to exceed Twenty -Seven Thousand Four Hundred Seventy -Eight Dollars ($27,478.00), without notice or demand, each installment to be paid in advance upon the first day of each installment period to the Lessor or at such place as the Lessor may designate in writing; and WHEREAS, the Board received on October 8, 1998 a certificate of the St. Joseph County Auditor certifying that the verifier of the Petition and the signors of the Petition are taxpayers of property within the corporate limits of the City of South Bend; and WHEREAS, I.C. 36- 1- 10 -7(2) requires, prior to the Board entering into a lease agreement, that the Common Council determine that the premises are needed and that the lease amount is reasonable THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, RESOLVES THAT: 1. The Common Council has conducted a public hearing on this Resolution, and has heard persons desiring to speak in favor of and opposed to the adoption of this Resolution. 2. The Common Council wishes to provide general office space in the proposed location in order to offer the services of the Division of Planning and Neighborhood Development to the residents of the City. 3. The office at 205 W. Jefferson Blvd., Suite 416, South Bend, Indiana, contains approximately 2,498 square feet of space, an area sufficient to accommodate the activities for which the space is intended.