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~ ~ ~,~ <br />RESOLUTION NO. 2601 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />APPROVING THE TRANSFER OF REAL PROPERTY <br />TO THE CITY OF SOUTH BEND, INDIANA <br />WHEREAS, the City of South Bend, Indiana, Department of Redevelopment, is <br />the owner of the following described real property situated in St. Joseph County, Indiana: <br />See Attached Exhibit "A" <br />(hereinafter refei-~•ed to as the "Real Property"); and <br />WHEREAS, pursuant to Ind. Code . 36-7-14-3, the South Bend Redevelopment <br />Commission (the "Commission") is the governing body of the City of South Bend, <br />Department of Redevelopment and, pursuant to Ind. Code . 36-7-14-12.2 may dispose of <br />the Real Property; and <br />WHEREAS, pursuant to Ind. Code 36-1-11-8, the Department of <br />Redevelopment, acting through the Commission, and the City of South Bend, acting by <br />and through the Board of Public Works (the ``Board"), may exchange or transfer property <br />with one another upon teens and conditions agreed upon by the two (2) entities as <br />evidenced by the adoption of substantially identical resolutions by each entity; and <br />WHEREAS, in furtherance of the Cotter Street Reconstruction Project, the Board <br />requires a fee interest in a portion of the Real Estate described as follows: <br />See Attached Exhibit "B" <br />(hereinafter referred to as the "Parcel 3 Fee"), and: <br />WHEREAS, in furtherance of the Cotter Street Reconstruction Project, the Board <br />requires a drainage easement in a portion of the Real Estate described as follows: <br />See Attached Exhibit "C" <br />(hereinafter refer7~ed to as the "Parcel 3 Draina~~e Easement"), and; <br />WHEREAS, the Parcel 3 Fee and the Parcel 3 Drainage Easement are depicted as <br />follows: <br />and <br />See Attached Exhibit "D" <br />WHEREAS, the Conunission, is desirous of transferring the Parcel 3 Fee and the <br />Parcel 3 Drainage Easement to the City of South Bend, Indiana, for the total sum of Ten <br />