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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 />Purchase Agreement with such changes in form or in substance as they deem to be <br />necessary or appropriate to complete the transfer, with such approval to be conclusively <br />evidenced by as such execution and attestation, respectively. The President and/or <br />Secretary are each authorized to execute and deliver any other documentation necessary <br />to complete the acquisition of the Property. Legal counsel for the Commission is further <br />authorized to close the transaction on behalf of the Commission and execute any <br />incidental closing documents necessary to complete the transaction. If desirable to <br />facilitate the closing on this property, staff is further authorized to engage Meridian Title <br />Company to assist with the closing of this transaction. <br />3. The Secretary of the Commission is instructed to place a copy of the <br />Purchase Agreement presented to the Commission with this Resolution in the records and <br />minutes of this meeting. <br />ADOPTED at the Regular Meeting of the South Bend Redevelopment <br />Commission held on December 7, 2007, at 1308 County-City Building, 227 West <br />Jefferson Boulevard, South Bend, Indiana 46601. <br />CITY OF SOUTH BEND, <br />DEPARTMENT O~,~tEDEVELOPMENT <br />~~ <br />ignature <br />Marcia I. Jones President <br />Printe ame an i! e <br />ATTEST• <br />i ure <br />Gregory S. Downes, Secretary <br />Printe ame an Tit e <br />South Bend Redevelopment Commission <br />South Bend Redevelopment Commission <br />• <br />