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SECTION I. The Common Council of the City of South Bend, Indiana <br />hereby expresses interest in purchasing the following described real <br />property: <br />A part of Parcel 2 in the "Inner Belt <br />Industrial Park ", a Subdivision in the <br />Southeast and Southwest Quarters of <br />Section 11, and the Northeast Quarter of <br />Section 14, all in Township 37 North, <br />Range 2 East, the Plat of which is <br />recorded in Plat Book 21, page 1, in the <br />office of the Recorder of said County <br />and State, which is more particularly <br />described as follows: <br />Beginning at point 428.71 feet East of <br />the Southwest corner of said Parcel 2, <br />thence West 428.71 feet; thence North <br />743.76 feet; thence East 428.71 feet, <br />thence South 745.03 feet to the place of <br />beginning. Including all improvements <br />thereto either permanently installed, or <br />which belong to or are used in <br />connection with the real estate, <br />wherever located. <br />more commonly known, and referred to herein, as the National Mill <br />Supply property at 1045 W. Sample Street, South Bend, Indiana. <br />SECTION II. That the Common Council of the City of South Bend <br />hereby accepts for filing the appraisals of the National Mill Supply <br />property prepared by Jerome Michaels, which appraisal values said <br />property at $600,000.00, and hereby accepts for filing the appraisal <br />of the National Mill Supply property prepared by R.E. McCloskey and <br />Associates, which appraisal values said property at $615,000.00. <br />SECTION III. That the Common Council of the City of South Bend <br />hereby approves the offer to purchase said National Mill supply <br />property for $580,000.00, as said offer is set forth in the <br />"Agreement to Purchase," a true and complete copy of which is <br />attached hereto and incorporate herein, said offer complying with the <br />limits prescribed by I.C. 36 -1- 10.5 -6. <br />SECTION IV. This resolution shall be in full force and effect <br />upon its adoption. <br />Adopted at the , -,�9n `?// , 1990 meeting of the Common <br />Council of the City of South Bend, Indiana. <br />—7 ✓' <br />Member, Sour end on Council <br />PRESENTED C/" d y " 90 <br />NOT APPROVED <br />ADOPTED q - 01 y _ 90 <br />c:msf -ccres <br />-2- <br />