5.A.(1) Resolution No. 2575 - Laserfiche WebLink

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RESOLUTION N0.2575 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION RELATED TO ACQUISITION OF PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA WHEREAS, under the authority granted by Indiana Code ~ 36-7-14, et sey. and in furtherance of the Airport Economic Development Area Plan ("Plan"), the South Bend Redevelopment Commission ("Commission"') has determined that it is necessary to acquire unencumbered fee simple interest in certain property located within the area heretofore designated as the Airport Economic Development Area (the "Area"') within the City of South Bend, Indiana (the "City""), which property is more particularly described at Exhibit A attached hereto and incorporated herein ('Property"); and WHEREAS, on June 25, 2008, the Commission adopted Resolution No. 2456 amending the Plan and adding the Property to the Area's acquisition list; and WHEREAS, two (2) independent appraisals of the Property have been obtained in accordance with Indiana Code~~' 36-7-] 4-19(b), which provide an offering price of $80,000.00 (the "Offerin~~ Price"); and WHEREAS, the Commission now desires to authorize its authorized agents, hired for such purposes, or the staff of the Commission to provide and negotiate an offer for the Purchase of the Property in accordance with Indiana Code ~ 36-7-14-19, which may include relocation costs and the Commission's payment of expenses incidental to the conveyance and determination of the title of the Property, and WHEREAS, the Commission finds that all procedures necessary for authorizing and acquiring the Property haee been completed in accordance with Indiana law; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission that: 1. Authorized agents of the Commission and the staff of the Commission are hereby authorized and dii°ected to cause a purchase offer to be made in writing to the owner(s) of the Property as described at Exhibit A at the Offering Price (the "Average Acduisition Price" in Exhibit A) in accordance with Indiana Code ~ 36-7-I4-19, which offer or process ~11ay include relocation costs and the payment of expenses incidental to the conveyance and deternination of the title of the Property. 2. The Commission's agents and attorneys are hereby authorized and directed to negotiate and prepare documentation necessary to accomplish the acquisition of the Property in accordance «~ith this Resolution and in a fon11 acceptable to legal counsel.