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REGULAR MEETING
<br />MARCH 22, 2016 112
<br />ACCEPTING THE TRANSFER OF CERTAIN INTERESTS IN REAL PROPERTY
<br />FOR USE IN CONNECTION WITH THE SMART STREETS PROJECT
<br />WHEREAS, the South Bend Redevelopment Authority (the 'Authority") exists and
<br />operates pursuant to I.C. 36-7-14.5 as a separate body corporate and politic and an
<br />instrumentality of the City of South Bend, Indiana (the "City"); and
<br />WHEREAS, the South Bend. Redevelopment Commission (the "Commission") exists
<br />and operates pursuant to I.C. 36-7-14;and
<br />WHEREAS, the Authority issued its Lease Rental Revenue Bonds of 2015
<br />($25,000,000.00) for the construction of certain local public improvements in the City,
<br />including the completion of the City's Smart Streets initiative (die "Smart Streets Project,,);
<br />and
<br />WHEREAS, the Authority leased the Smart Streets Project to the Commission pursuant
<br />to the Lease dated February 1, 2015, as amended by the Addendum to Lease dated April 9,
<br />2015; and
<br />WHEREAS, the South Bend Board of Public Works (the "Board") will carry out
<br />construction of the Smart Streets Project for the Authority in accordance with the teens of
<br />the Agency Agreement dated February 1, 2015; and
<br />WHEREAS, on March 2, 2016, under Resolution No. 199, in accordance with its
<br />purposes and powers under L.C. 36-7-145 and in furtherance of the Smart Streets Project,
<br />the Authority executed the deed and casement collectively attached hereto as Exhibit 1 (the
<br />'Authority Grants') conveying to the City, acting by and through the Board, certain interests
<br />in real property owned by the Authority for use in connection with the Smart Streets Project;
<br />and
<br />WHEREAS on March 10, 2016, under Resolution No. 3331, in accordance with its
<br />proposes and powers under I.C. 36-7-14 and in furtherance of the Smart Streets Project,
<br />the Commission executed the easement attached hereto as Exhibit 2 (the "Commission
<br />Grant") conveying to the City, acting by and through the Board, certain interests inreal
<br />property owned by the Commission for use in connection with the Smart Streets Project;
<br />and
<br />WHEREAS, the South Bend Public Transportation Corporation ("TRANSPO") is a
<br />municipal corporation existing and operating under the laws of the State of Indiana; and
<br />WHEREAS, on February 15, 2016, under Resolution No. 7-2016, in accordance
<br />with its corporate purposes and powers and in furtherance of the Smart Streets Project, the
<br />Board of Directors of TRANSPO executed the deed and easement collectively attached
<br />hereto as Exhibit 3 (the 'TRANSPO Grants') conveying to the City, acting by and through
<br />the Board, certain interests in real property owned by TRANSPO for use in connection with
<br />the Smart Streets Project; and
<br />WHEREAS, the Board desires to accept the Authority Grants, the Commission
<br />Grant, and the TRANSPO Grants (collectively, the "Smart Streets Grants'), each of
<br />which is made for nominal consideration, forpurposesofthe SmaltStreets Prujcct.
<br />NOW, 'THEREFORE, BE IT RESOLVED BY THE SOUTH. BEND BOARD OF
<br />PUBLIC WORKS AS FOLLOWS:
<br />1. The Board hereby approves and accepts the Smart Streets Grants.
<br />2. The Board hereby authorizes and instructs Roger Nawrot, of the City's
<br />Engineering Department, to accept the Smart Streets Grants and any other associated
<br />documents and to take on behalf of the Board all necessary administrative actions to
<br />accomplish the purposes of this Resolution, including recordation of the Smart Streets
<br />
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