HomeMy WebLinkAboutNo. 1012 approving a sublease of real property to the COSBLl
RESOLUTION NO. 1012
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING A SUBLEASE OF REAL PROPERTY
TO THE CITY OF SOUTH BEND
WHEREAS, the South Bend Redevelopment Commission is lessee of the
following described real property owned by the South Bend
Redevelopment Authority (the "Authority ") under the Lease - Purchase
Agreement dated as of November 1, 1989, and approved and modified on
the 16th,day of February, 1990, (the "Lease "):
A parcel of land in the West Half (1/2) of the Southeast
Quarter of Section Twelve (12), Township Thirty -seven
(37) North, Range Two (2) East, City of South Bend,
Portage Township, St. Joseph County, Indiana, being part
of Lots Numbered Fourteen (14) and Twenty -one (21) of
John Rush's 1st Addition, as recorded in Plat Book 2,
Page 53, at the St. Joseph County Recorder's Office in
South Bend, Indiana, and described as follows:
Commencing at the Northwest corner of Lot 11, also being
the intersection of the East right -of -way line of Rush
Street and the South right -of -way of a 12.50 foot alley;
thence North 89 041140" East (bearing assumed), 165.00
feet along said South right -of -way line to the Point of
Beginning; thence continuing North 89 041140" East, 82.06
feet along said South right -of -way line to the Southwest
right -of -way line of Lincoln Way; thence South 37 021140"
East, 56.16 feet along said Southwest right -of -way line;
thence South 71 041140" West, 31.43 feet; thence South
89 041140" West, 86.28 feet; thence North 00 001154" West,
54.53 feet to the South right -of -way line of a 12.50 foot
alley and the point of beginning. Commonly knonw as
620 -622 Lincolnway East (the "Real Property "); and
WHEREAS, the Commission is desirous of subleasing the Real
Property to the City of South Bend, Indiana; and
WHEREAS, the City of South Bend is desirous of leasing the Real
Property from the Commission; and
WHEREAS, pursuant to I.C. 36- 9 -6 -3, the Board of Public Works of
the City of South Bend (the "Board ") has custody of and may maintain
all real property of the City of South Bend; and
WHEREAS, pursuant to I.C. 36- 1 -11 -8, the City of South Bend,
acting by and through the Board, may exchange or transfer property
with another governmental entity upon terms and conditions agreed upon
by the two (2) entities as evidenced by the adoption of substantially
identical resolutions of each entity; and
WHEREAS, the Commission has agreed to sublease the Real
Property to the City of South Bend, and the City of South
Bend, acting by and through the Commission under the terms
and conditions of a sublease containing terms and conditions
which are substantially similar to those embodied in the
Lease, with the exception that the rent paid by the City to
the Commision pursuant to said sublease shall be nominal in
amount.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT COMMISSION AS FOLLOWS:
1. That the sublease of the following described real
property by the South Bend Redevelopment Commission to the
City of South Bend, acting by and through its Board of Public
Works:
A parcel of land in the West Half (1/2) of the Southeast
Quarter of Section Twelve (12), Township Thirty -seven
(37) North, Range Two (2) East, City of South Bend,
Portage Township, St. Joseph County, Indiana, being part
of Lots Numbered Fourteen (14) and Twenty -one (21) of
John Rush's 1st Addition, as recorded in Plat Book 2,
Page 53, at the St. Joseph County Recorder's Office in
South Bend, Indiana, and described as follows:
Commencing at the Northwest corner of Lot 11, also being
the intersection of the East right -of -way line of Rush
Street and the South right -of -way of a 12.50 foot alley;
thence North 89 041140" East (bearing assumed), 165.00
feet along said South right -of -way line to the Point of
Beginning; thence continuing North 89 041140" East, 82.06
feet along said South right -of -way line to the Southwest
right -of -way line of Lincoln Way; thence South 37 021140"
East, 56.16 feet along said Southwest right -of -way line;
thence South 71 041140" West, 31.43 feet; thence South
89 °41140" West, 86.28 feet; thence North 00 001154" West,
54.53 feet to the South right -of -way line of a 12.50
foot alley and the point of beginning. Commonly known
as 620 -622 Lincolnway East,
under terms and conditions that are substantially similar to those
embodied in the Lease, shall be, and hereby is, approved, subject to
the adoption of a resolution by the Board of Public Works of the City
of South Bend, substantially identical in its terms and conditions as
this resolution, and, further, subject to the approval of the South
Bend Redevelopment Authority.
2. That the President and Secretary of the Commission shall be,
and hereby are, authorized, respectively, to execute and attest to
the execution of a sublease containing terms and conditions which are
substantially similar to those embodied in the Lease, with the
exception that the rent paid by the City to the Commisison shall be
nominal in amount.
3. That this Resolution shall be in full force and effect upon
its adoption by the South Bend Redevelopment Commission.
ADOPTED t a meeting of the South Bend Redevelopment Commission
held on �� _3 1991, at 1200 County -City Building,
227 West Jeff 'son Boulevard, South Bend, Indiana 46601.
Attest:
Michael Donoho, Secretary
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CITY OF SOUTH BEND
REDEVELOPMENT COMMISSION
By:
Paula N. Auburn, President