HomeMy WebLinkAboutNo. 2137 relating to acquisition of real property Sample/Ewing development area (New Jersey, Indiana & Illinois Railroad Company)E
RESOLUTION NO. 2137
A RESOLUTION RELATING TO THE ACQUISITION OF REAL PROPERTY
IN THE SAMPLE-EWING DEVELOPMENT AREA
WHEREAS, it is deemed necessary and desirable by the South Bend
Redevelopment Commission ("Commission"), in furtherance of the Sample-Ewing
Development Area Development Plan, to acquire unencumbered fee title to the real
property identified at Attachment "A", hereto ("Parcel"), which Parcel is located in the
Sample-Ewing Development Area in the City of South Bend, Indiana.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
The Director is authorized, at his discretion, to cause a notice and written offer to be
made to the owner(s) of the Parcel, to purchase the Parcel, or a portion thereof, under the
following conditions:
1. The offering price shall be One Hundred Three Thousand Two Hundred-Fifty
Dollars ($103,250.00).
2. The payment shall be made at closing and will be in the amount not to exceed
One Hundred Three Thousand Two Hundred-Fifty Dollars ($103,250.00).
One Hundred Percent (100%) of this offer shall be retained in a reserved
environmental fund. In the event of the discovery of any Environmental
Condition, the City at the City's sole discretion, may, either (1) proceed to
closing and take title to the property and utilize or retain funds in the reserved
environmental fund to pay for all cleanup costs incurred or to be incurred by
City to eliminate said Environmental Condition; or (2) terminate, revoke, and
withdraw this Acquisition Offer and dissolve the fund, with all such monies
being retained by the City.
Adopted at the Scheduled Meeting of the South Bend Redevelopment Commission held
on February 4, 2005, at 1308 County-City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
SOUTH BEND RED OPMENT COMMISSION
By
Its: "'� OFZ(AHIL
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Its:
secretary
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10 ATTACHMENT "A"
PROJECT: Sample Ewing Development Area
Studebaker/Oliver Project
PROPERTY ADDRESS: A former rail yard consisting of approximately 7 acres
of land located west of South Franklin Street and east
of South Kendall Street in South Bend, Indiana. The
property is bounded on the north by the former Allied
Stamping Plant and on the south by the Penn Central
Railroad tracks.
TAX KEY NUMBER: 18-8021-084905
SELLER: New Jersey, Indiana & Illinois Railroad Company
REFERENCE: Parcel No. I
NJI & I Station Map I - IND. S-1f
File 165600E
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A part of the Northeast Quarter of Section 14, Township 37 North, Range 2 East, more
particularly described as follows: Beginning at the Southwest corner of Tract No. 4 of the
Studebaker Corporation Replat as recorded in Plat Book 11, page 184, in the Office of the
Recorder of St. Joseph County, Indiana, said corner being the intersection of the North line of
the Michigan Central Railroad right of way and the East line of Kendall Street; thence north
00 °05'31" East along said East line of Kendall Street a distance of 61.23 feet to a point;
thence North 54021'30" East a distance of 184.07 feet to a point; thence North 00000'00" a
distance of 67.06 feet to the South line of Broadway Street projected West; thence North
89"22'40" East along said South line of Broadway Street projected West a distance of 1124,43
feet to the East line of the aforesaid Tract No. 4 of the Studebaker Corporation Replat; thence
South 00'14'00" East along said East line of Tract No. 4 a distance of 247.35 feet to the South
line of said Tract No. 4; thence South 89'58'54" West along said South line of said Tract No. 4
(said South line being also the North line of the Michigan Central Railroad right of way) a
distance of 1275.06 feet to the point of beginning.
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Resolution 2737