HomeMy WebLinkAboutNo. 1219 relating to the acquisition of real property in the SBCDA (Design Packaging, Inc.)RESOLUTION 1219
RESOLUTION RELATING TO THE ACQUISITION
OF REAL PROPERTY IN THE SOUTH BEND CENTRAL
DEVELOPMENT AREA
WHEREAS, it is deemed necessary and desirable by the South
Bend Redevelopment Commission, in furtherance of the South Bend
Central Development Area Redevelopment Plan, to acquire
unencumbered fee title to the real property identified at
Attachment "A," hereto, which real property is located in the
South Bend Central Development Area in the City of South Bend.,
Indiana.
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission as follows:
1. The Executive Director is authorized and directed to
cause a notice and written offer to be made to the owner(s) of
real property identified at Attachment "A," hereto (Real Estate),
to purchase the Real Estate under the following conditions:
A. The offering price shall be that amount specified
at Attachment "A," hereto, which amount does not exceed
the average of two (2) appraisals of the Real Estate
procured or adopted by the South Bend Redevelopment
Commission (Commission).
B. Payment of the purchase price shall be made to the
owner(s) over a period of three (3) years, and shall be
made subject to annual, appropriation of the appropriate
fiscal body.
C. The offer shall be made subject to the results of a
Phase I environmental audit of the Real Estate,
performed and paid for by the Commission, which results
must meet with the Commission's approval.
Said offer shall also extend to the owner(s) an invitation
to discuss with the Commission its desire to acquire the Real
Estate.
Adopted at the Regular Meeting of the South Bend
Redevelopment Commission held on January 21, 1994, at 1308
County -City Building, 227 West Jefferson Boulevard, South Bend,
IN 46601.
CITY OF SOUTH BEND
DEPARTP!T OF REDEVELOPMENT
By:
C�- c�•Cty / /
Paula N. Auburn, President
South Bend Redevelopment Commission
ATTEST.-
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Theo' F. Sharp, Secretary
ATTACHMENT "A"
RESOLUTION NO. 1219
Property Tax
Parcel No. Owner's Name Key Number
E17 -6 Design Packaging, Inc. 18 -5038 -1350
ML:res1219a
Commission Approved
Offering Price
$275,000.00