HomeMy WebLinkAbout6.G.(1) Assignment of Interest in MOU _Triangle
ASSIGNMENT OF INTEREST
IN MEMORANDUM OF UNDERSTANDING
This ASSIGNMENT OF INTEREST is made as of the 5th day of March , 2010
(the “Assignment”), by NORTHEAST NEIGHBORHOOD REVITALIZATION
ORGANIZATION, INC., an Indiana nonprofit corporation, with its principal office in
South Bend, Indiana (the “Grantor”), in favor of the CITY OF SOUTH BEND,
INDIANA, DEPARTMENT OF REDEVELOPMENT acting by and through the South
Bend Redevelopment Commission, with its principal office located at 227 W. Jefferson
Blvd., Suite 1200, South Bend, Indiana 46601 (the “Grantee”):
WHEREAS, the Grantor has entered into a Memorandum of Understanding with
the Housing Authority of South Bend (the “Owner”) dated August 30, 2006 (the “MOU”)
for the property described at Exhibit A (the “Property”) providing for the sale of the
Property to the Grantor from the Owner, which MOU is assignable and currently not
recorded with the St. Joseph County Recorder’s Office; and
WHEREAS, the Grantee desires to obtain the Property and Grantor desires to
transfer its interest the Property to the Grantee; and
NOW, THEREFORE, for Ten and 00/100 Dollars ($10.00) and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, the
Grantor hereby assigns its interest in the Property described at Exhibit A and the MOU, a
copy of which is attached hereto as Exhibit B, to the Grantee and the Grantee hereby
accepts such interest, including all rights and obligations thereunder, from the Grantor.
The undersigned persons executing and delivering this Assignment on behalf of
each of the parties respectively represent and certify that they are the duly authorized and
are fully empowered to execute and deliver this Assignment and that all necessary action
has been taken and done. This Assignment represents the entire agreement between the
two (2) parties.
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IN WITNESS WHEREOF, this instrument has been duly executed by the
undersigned persons on behalf of their respective parties as of the date first set forth
above.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
______________________________
Signature
______________________________
Printed Name and Title
South Bend Redevelopment Commission
ATTEST:
______________________________
Signature
______________________________
Printed Name and Title
South Bend Redevelopment Commission
NORTHEAST NEIGHBORHOOD
REVITALIZATION ORGANIZATION,
INC.
______________________________
Signature
______________________________
Printed Name and Title
ATTEST:
______________________________
Signature
______________________________
Printed Name and Title
EXHIBIT A
Description of Property
The real estate situated in the County of St. Joseph, State of Indiana, described as
follows:
a. 1104 Eddy (Key No. 18-5191-3573)
b. 1026 Eddy (Key No. 18-5098-3459)
c. 1046 Georgiana (Key No. 18-5099-3498)
d. 1126-28 Burns Duplex (Key No. 18-5100-3532)
e. 1102 Burns (Key No. 18-5100-3550)
f. 1125-27 Duey Duplex (Key No. 18-5100-3533)
EXHIBIT B
Copy of Memorandum of Understanding