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NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission that: <br />1. The Commission hereby finds that the consideration set forth in the <br />Purchase Agreement is reasonable considering the circumstances and that it is in the best <br />interest of the citizens of the City and the South Bend Redevelopment District and <br />consistent with the purposes and requirements set forth in Indiana Code § 36-7-14 to <br />accept the counteroffer evidenced in the Purchase Agreement. <br />2. The Commission hereby approves and accepts the Purchase Agreement <br />and authorizes the President and the Secretary to execute and attest, respectively, the <br />Assignment of the Purchase Agreement and/or the Purchase Agreement with such <br />changes in form or in substance as they deem to be necessary or appropriate to complete <br />the transfer, with such approval to be conclusively evidenced by as such execution and <br />attestation, respectively. The President andlor Secretary are each authorized to execute <br />and deliver any other documentation necessary to complete the acquisition of the <br />Property. Legal counsel for the Commission is further authorized to close the transaction <br />on behalf of the Commission and execute any incidental closing documents necessary to <br />complete the transaction. <br />3. The Secretary of the Commission is instructed to place a copy of the <br />assignment and Purchase Agreement presented to the Commission with this Resolution in <br />the records and minutes of this meeting. <br />4. Don Inks or Jeff Gibney are authorized to execute on behalf of the <br />Commission any documents necessary to carry out the intent of this resolution. <br />ADOPTED at the Regular Meeting of the South Bend Redevelopment <br />Commission held on August 15, 2008, at 1308 County-City Building, 227 West Jefferson <br />Boulevard, South Bend, Indiana 46601. <br />ATTEST: <br />S. Downes, S <br />CITY OF SOUTH BEND, <br />DEPARTMENT OF R~EVELOPMENT <br />J'ignahere / / <br />Marcia I. Jones President <br />Printe ~ 'acne an it e <br />South Bend Redevelopment Commission <br />South Bend Redevelopment Commission <br />