HomeMy WebLinkAboutNo. 2694 related to acquisition of property in the AEDA (Alice Mbaabu, 1520 S. Scott St.)0 RESOLUTION NO. 2694
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
RELATED TO ACQUISITION OF PROPERTY IN THE
AIRPORT ECONOMIC DEVELOPMENT AREA
(1520 S. Scott)
WHEREAS, under the authority granted by Indiana Code § 36 -7 -14, et seq. and
in furtherance of the Airport Economic Development Area Plan ( "Plan "), the South Bend
Redevelopment Commission ( "Commission ") has determined that it is necessary to
acquire unencumbered fee simple interest in certain property located within the area
heretofore designated as the Airport Economic Development Area (the "Area ") within
the City of South Bend, Indiana (the "City "), which property is more particularly
described at Exhibit A attached hereto and incorporated herein ( "Property "); and
WHEREAS, on May 21, 2010, the Commission adopted Resolution No. 2668
amending the Plan and adding the Property to the Area's acquisition list; and
WHEREAS, two (2) independent appraisals of the Property are in process in
accordance with Indiana Code § 36- 7- 14- 19(b), which appraisals are anticipated to
provide an offering price of $35,000.00 (the "Offering Price "); and
• WHEREAS, the Property Owner has indicated that it will accept an offering
price of $7,000.00 (the "Agreed Offering Price ") which is lower than the value
anticipated from the two independent appraisers; and
WHEREAS, the Commission now desires to authorize its authorized agents,
hired for such purposes, or the staff of the Commission to provide and negotiate an offer
for the Purchase of the Property, subject to receipt of appraisals establishing a value
greater than the Agreed Offering Price, in accordance with Indiana Code § 36- 7- 14 -19,
which may include relocation costs and the Commission's payment of expenses
incidental to the conveyance and determination of the title of the Property; and
WHEREAS, the Commission finds that all procedures necessary for
authorizing and acquiring the Property have been provided for in accordance with Indiana
law;
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission that:
1. Authorized agents of the Commission and the staff of the Commission are
hereby authorized and directed to cause a purchase offer to be made in writing to the
owner(s) of the Property as described at Exhibit A at the Agreed Offering Price (the
"Agreed Offering Acquisition Price" in Exhibit A), subject to receipt of appraisals
establishing a value greater than the Agreed Offering Price, in accordance with Indiana
Code § 36- 7- 14 -19, which offer or process may include relocation costs and the
payment of expenses incidental to the conveyance and determination of the title of the
Property.
2. The Commission's agents and attorneys are hereby authorized and
directed to negotiate and prepare documentation necessary to accomplish the acquisition
of the Property in accordance with this Resolution and in a form acceptable to legal
counsel.
3. The Commission hereby ratifies any actions of its staff or legal counsel
previously taken consistent with the authority provided in Section 1 or 2 hereof.
Notwithstanding the foregoing, no representations, contract or understanding relative to
the purchase of the Property, whether made by a Commissioner, employee or other agent
or official, is binding against the Commission until approved and accepted by the
Commission in writing. The Commission hereby accepts, in advance, any purchase of
the Property pursuant to a uniform acquisition offer set forth at Indiana Code § 32 -24-1-
5 (or a purchase offer deemed by legal counsel to be substantially similar to said Uniform
Acquisition Offer, which may include the payment of expenses incidental to the
conveyance and determination of title).
4. Don Inks or David Relos is authorized to execute on behalf of the
Commission any documents necessary to carry out the intent of this resolution.
ADOPTED at a Regular
Commission held on June 4, 2010, at
Boulevard, South Bend, Indiana 46601.
FEN 00*119
VUvzgy
r
ignature
Nancy N. King, Secretary
Printed Name an Tit e
Meeting of the South Bend Redevelopment
1308 County -City Building, 227 West Jefferson
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
CAre
Marcia I. Jones, President
Printed A'aine and Title
South Bend Redevelopment Commission
South Bend Redevelopment Commission
C
•
•
EXHIBIT A
PROPERTY DESCRIPTION AND OFFERING PRICE
Agreed Offering
Tax Key No.
Address
Owner
Acquisition Price
18- 8026 - 106501
1520 S. Scott Street
Alice Mbaabu
$7,000.00