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HomeMy WebLinkAboutAuthorizing the Board of Public Works to approve the sale of lots numbered 20 and 21 of J. Miller's addition to the City of South Bend, commonly known as 2222 Lincoln Way West to Youth Facilities, Inc.RESOLUTION Passed by the Common Council of the City of South Bend, Indiana, August 25, 19 80. Attest: X • Citv Clerk Attest: YX President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana August 26, 19 80 /<- A"-'," Approved and signed by me 19 �G City Clerk Mayor RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND AUTHORIZING THE BOARD OF PUBLIC WORKS TO APPROVE THE SALE OF LOTS NUMBERED 20 AND 21 OF J. MILLER`S ADDITION TO THE CITY OF BEND, COMMONLY KNOWN AS 2222 LINCOLN WAY WEST TO YOUTH FACILITIES, INC. 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 of- fered for sale Lots 20 and 21 of J. Miller's Addition to the City of South Bend, commonly known as 2222 Lincoln Way West, at an offering price of $28,880.00; 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 not receive a bid equal to or greater than the appraised value; and WHEREAS, the Board of Public Works did receive the attached bid from Youth Facilities, Inc., to purchase the property for $20,000.00; 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 negotiate a contract for the sale of Lots Numbered 20 and 21 of J. Miller's Addition to the City of South Bend, commonly known as 2222 Lincoln Way West for a total price of $20,000.00, subject to the restrictions set out in the specifications for sale previously established by the Board of Public Works. SECTION II. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. GIlc Member--o-:K the Common Council FILED ID CLE 'I'S OFFICE � � a S _� NOT APPROVED AUG 0 1980 ADOPTED Irene Gammon CITY CLERK, SOUTH BEND, IND. AUG 4 13160 BID OF YOUTH FACILITIES, INC. v�. t (f ` `� }�C� UM. gLITIES, INC., an Indiana not -for- profit corpo- BARBARA J. GYE ration, hereby submits a bid to the City of South Bend, Indiana, for.the purchase of a parcel of real estate located at 2222 Lincoln Way West, and more particularly described as Lots 20 and 21 of J. Miller's Addition to the City of South Bend, Indiana, pur- suant to Notice of Sale of Real Estate published by the City of South Bend, Indiana, which bid is as follows: Bidder offers to purchase the aforesaid property for the sum of Twenty- Thousand Dollars ($20,000.00) and, to concurrently with the closing of the purchase of said property enter into a Lease - Purchase Agreement with the City of South Bend, Indiana, for continual and uninterrupted use of the facility by the City of South Bend, Indiana, during the entire period of ownership of the pro- perty by bidder for use by the City of South Bend for its Youth Services Bureau. The rental amount under the Lease /Purchase Agree- ment shall be Four Hundred Forty -four and 89/100 - - - - - Dollars ($444.89 ) per month, a sum determined by amortizing the Twenty Thousand Dollar ($20,000.00) purchase price of the property over a term of five ( 5 ) years, together with interest thereon at the rate of twelve (12 %) percent per annum. The Lease /Purchase Agree- ment shall be a true "net" lease to Bidder, providing that all ex- penses of operation, maintenance and repair of the building, of whatever nature and kind, including but not limited to real estate taxes, utility charges, remodeling expenses, insurance premiums on all insurance, (liability and casualty), repairs and replacement of the building or any portion thereof which may be damaged by casualty or any other cause, shall be the sole expense and re- sponsibility of the City of South Bend, Indiana, which shall keep the property in a good state of repair during the entire term of the Lease /Purchase Agreement. Lessor's interest in the building and its liability shall be insured under a policy providing limits acceptable to Bidder. The City of South Bend, Indiana shall have the right under the Lease /Purchase Agreement to purchase the pro- perty at any time during the term of the lease for the amount paid for the property by bidder, plus interest to the date of repurchase. The Lease /Purchase Agreement shall contain such other terms and con- ditions-as may be appropriate in opinion of counsel for the City and Youth Facilities, Inc. All expenses of closing the purchase shall be paid by City of South Bend, and the City shall prepare all legal documents. Respectfully submitted. DATED: August 1, 1980 YOUTH FACILITIES, INC. -2- Theresa Tyler, Ptesident Joseph E. Kernan Director, Administration and Finance Members of 4th Floor, South Bend, CITY of SOUTH BEND ROGER O. PARENT, Mayor COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 August 20, 1980 the Common Council County -City Building Indiana 46601 Dear Members of the Council: 219/284 -9742 The attached resolution would permit the Board of Public Works to transfer ownership of our lot at 2222 Lincolnway West. The buyer for the property is Youth Facilities, Inc., a non- profit organization that is assisting the City in the relocation of the Youth Services Bureau. The $20,000.00 purchase price will be combined with a federal LEAA grant in a like amount. This money will be used to renovate the old fire station lo- cated at this address. The Board of Public Works has already accepted bids for the renovation of this property in anticipation of favorable action by the Common Council. After the $20,000.00 purchase price is repaid to Youth Facilities, Inc., by the City, the property will revert back to the Board of Public Works. Your favorable consideration is greatly appreciated. If you have any questions, please feel free to contact me at your convenience. Sincerely, Joseph E. Kernan City Controller JEK:des Attachment