HomeMy WebLinkAboutNo. 1533 relating to the acquisition of real property in the AEDA (Dale C., Doris J., Roger W. Park, Janet P. Lewis)RESOLUTION NO. 1533
A RESOLUTION RELATING TO THE ACQUISITION OF
REAL PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA
WHEREAS, it is deemed necessary and desirable by the South Bend Redevelopment
Commission [ "Commission "], in furtherance of the Airport Economic 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 Airport Economic 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 her discrestion, to cause a notice and written offer to be made to the
owners) of the Parcel, to purchase the Parcel, or a portion thereof, under the following conditions:
I . The offering price shall be Thirteen - Thousand Eight- Hundred Dollars ($13,800) per
acre of land, which amount does not exceed the average of two (2) appraisals of the Parcel
to procured by the Commission.
2. The first payment shall be made at closing, no later than August 31, 1997 and will be
in the amount not to exceed Two - Hundred Thousand Dollars ($ 200,000). The remainder
of the offering price will be paid in equal, annual installments on each of the following dates:
August 15, 1998, August 15, 1999, August 15, 2000, August 15, 2001 and August 15, 2002,
subject to annual appropriation by the Commission.
3. The offer shall be made subject to the results of a Phase I Environmental Assessment
of the Parcel performed and paid for the Commission, which results must meet with the
Commission's approval.
4. The offer shall also extend to the owner(s) an invitation to discuss with the
Commission its desire to acquire the Parcel.
Adopted at the Regular Meeting of the South Bend Redevelopment Commission held on July 18,
1997, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
AWN
CITY OF SOUTH BEND
DEPA F REDEYE OPMENT
Robert W. Hunt, President
South Bend Redevelopment Commission
ATTE
Paula N. Auburn, Secretary
Parcel Key No.
V 25 -1016- 0600.01
Ln
RESOLUTION NO. 1533
ATTACHMENT "A"
Owner
Dale C. Park, Trustee of
Doris J. Paris Revocable Trust
('6 interest)
Dale C. Paris, Roger W. Park,
Janet P. Lewis
(%6 interest)
Commission Authorized
Offering Price
$ 13,800 per acre