No. 2284 related to acquisition of property in the Airport Economic Development Area (52097 Olive Rd, Lichtenbarger)

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• RESOLUTION N0.2284 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 Ind. Code § 36-7-14, et seq. 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 December 15, 2006, the Commission adopted Resolution No. 2279 adding the Property to the Acquisition List; and • WHEREAS, two (2) independent appraisals of the Property to be acquired by the Commission have been obtained in accordance with Indiana Code § 36-7-14-19(b), which provide an offering price of $86,839.50 as described at Exhibit B (the "Offering Price"); and WHEREAS, the Commission now desires to authorize 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 the cost of title work, closing costs or other incidental costs related to the purchase of the Property; and WHEREAS, the Commission finds that all procedures necessary for authorizing and acquiring the Property have been completed in accordance with Indiana law; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission that: 1. The staff of the Commission are hereby authorized and directed 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 in accordance with Indiana Code § 36-7-14-19, which offer or process may include the payment expenses incident to the conveyance and determination of the title of the Property.