Authorizing the Board of Public Works to enter into a contract for the sale of land bouned by St. Joseph, Colfax and Michigan Street

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RESOLUTION NO. - &(,to r K { A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND AUTHORIZING THE BOARD OF PUBLIC WORKS TO ENTER INTO A CONTRACT FOR THE SALE OF A TRIANGULAR PORTION OF LAND BOUNDED BY ST. JOSEPH, COLFAX AND MICHIGAN STREETS, MORE COMMONLY KNOWN AS DISPOSITION PARCEL NO. 2 -13, IND. R -66. WHEREAS, the Board of Public Works of the City of South Bend, pursuant to the Municipal Code of the City of South Bend, Chapter 14.5 has offered for sale a triangular portion of land bounded by St. Joseph, Colfax and Michigan Streets, more commonly known as Disposition Parcel No. 2 -13, Ind. R -66, at an offering price of $39,958.00; and WHEREAS, the Board of Public Works of the City of South Bend has advertised for and received sealed bids for the purchase of said property; and WHEREAS, the Board of Public Works did receive the attached bid from FBT Bancorp, Inc., to purchase the property for $39,958.00; and WHEREAS, the Board of Public Works has now complied with all require- ments of the Municipal Code of the City of South Bend, Chapter 14.5, which establishes procedures for the disposition of real property owned by the City of South Bend, and more specifically real property valued by the Board at more than $1,000.00. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend that: SECTION I. The Board of Public Works be authorized to enter into a contract for the sale of A part of the northwest quarter of Section 12, Township 37 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, described more particularly as follows: Beginning at the intersection of the east boundary of North Michigan Street (USR #31) and the north boundary of East Colfax Street; thence North 89039'37" East a distance of 244.07 feet; thence North 20024152" West a distance of 53.52 feet; thence northwesterly a distance of 153.59 feet along an arc to the left and having a radius of 243.98 feet and subtended by a long chord having a bearing of North 38026'55" West and a length of 151.07 feet; thence North 56028'59" West a distance of 96.35 feet; thence northwesterly a distance of 56.94 feet along an arc to the left and having a radius of 148.28 feet and subtended by a long chord having a bearing of North 69059'03" West and a length of 56.59 feet; thence South 00028'59" East a distance of 242.50 feet to the place of beginning. Said tract contains 39,958 square feet (0.917 Ac.) more or less, more commonly known as Disposition Parcel 2 -13, Ind. R -66. for a total price of $39,958.00, subject to the restrictions set out in the specifications for sale previously established by the Board of Public Works and attached hereto.