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HomeMy WebLinkAbout6A(2) Rehabilitaiton Agreement Release1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601 -1830 PHONE 574/ 235 -9371 FAx 574/235 -9021 TDD 574/ 235 -5567 CITY of SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY & ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TO: Redevelopment Commission FROM: Debrah Jenning �./ �) RE: Rehabilitation Agreement Release — 422 College DATE: October 28, 2010 In 1991 the City administered a Rental Rehab program whereby landlords could receive assistance to rehab their homes and as long as the property was properly maintained, 10% of the value of the assistance would be forgiven. The Housing Development Corporation (owner and landlord of 422 College) met their obligations under this agreement so the Commission needs to release the lien on the property. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SL PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235 -9660 574/235 -9371 ELIZABETH LEONARD FAx: 574/235 -9697 574/235 -9371 Return to: Tax Parcel No.: South Bend Redevelopment Commission 1200 County -City Bldg. 18- 3026 -0939 227 W. Jefferson Blvd. South Bend, IN 46601 RELEASE OF REHABILITATION AGREEMENT For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Redevelopment Commission of the City of South Bend, Indiana, acting for and on behalf of the Bureau of Housing, does forever hereby release and discharge from the real property located at 422 N. College Street, South Bend, Indiana, situated in St. Joseph County, Indiana and more particularly described as follows: Lots Numbered One Hundred Twenty Three (123) and One Hundred Twenty Four (124) as shown on the recorded Plat of Raff, Sibley and Fassnacht's Linden Place Addition to the City of South Bend, Indiana, recorded May 26, 1891, in the Office of the Recorder of St. Joseph County, Indiana, in Plat Book 5 Page 51 the terms, conditions and provisions of the Federal Rental Rehabilitation Loan Agreement (the "Agreement ") dated January 25, 1991, between the Housing Development Corporation of St. Joseph County, (the "Owner ") and the Redevelopment Commission of the City of South Bend, Indiana, acting for and on behalf of the Bureau of Housing, (the "Commission ") recorded February 20, 1991, in the Office of the Recorder of St. Joseph County, Indiana, in Instrument No. 9104041. This document shall constitute a full release of the Agreement concerning the above - described real estate and no rights whatsoever are intended to remain in the Commission. The undersigned persons executing this Release of Rehabilitation Agreement on behalf of the Commission represent and certify that each is the authorized representative of the Commission and has been fully empowered by a proper meeting and vote of the Commission to execute and deliver this document and in doing so is not violating any other agreement for which either is a party; that the Commission has full legal capacity to release the Agreement and that all action necessary to authorize the release of the Agreement on the Commission's behalf has been duly taken. (Remainder of Page Intentionally Left Blank) Dated this day of November, 2010. CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT acting for and on behalf of the Bureau of Housing Signature Printed Name and Title South Bend Redevelopment Commission ATTEST: Signature Printed Name and Title South Bend Redevelopment Commission STATE OF INDIANA ) ) SS: ST. JOSEPH COUNTY ) Before me, the undersigned, a Notary Public in and for said County and State, this day of November, 2010, personally appeared and to me known to be the and the respectively, of the Redevelopment Commission of the City of South Bend, Indiana, acting for and on behalf of the Bureau of Housing, and acknowledged the execution of the foregoing Release of Rehabilitation Agreement. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal. (SEAL) Notary Public Commission expires: Resident of St. Joseph County, Indiana Release of Interest by: South Bend Redevelopment Commission 1200 County -City Bldg. 227 W. Jefferson Blvd. South Bend, IN 46601 I affirm, under the penalties for perjury, that I have taken reasonable care to react each Social Security number in this document, unless required by law. Lawrence J. Meteiver Prepared by Lawrence J. Meteiver, Assistant City Attorney, 1400 County -City Building, 227 W. Jefferson Blvd., South Bend, Indiana 46601,(574)235 -9294.