HomeMy WebLinkAboutNo. 0982 approving a sublease of real property to the COSB. t _ .
RESOLUTION NO. 982
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, 1991, (the "Lease "):
A parcel of land in the Southwest Quarter of Section 12,
Township 37 North, Range 2 East, City of South Bend,
Portage Township, St. Joseph County, Indiana, being
platted as Denniston & Fellows Addition as recorded in
Book 2, Page 48, at the St. Joseph County Recorder's
office in South Bend, Indiana, and described as follows:
Commencing at an iron at the intersection of the South
right -of -way line of South Street and the West
right -of -way line of Columbia Street; thence South
00 100100" West (bearing assumed), 57.75 feet along said
West right -of -way line to the Point of Beginning; thence
} continuing South 00 000100" West, 57.75 feet along said
West right -of -way line to the North right -of -way line of
a 14.00 foot alley; thence North 89 °39147" West, 45.25
feet along said North right -of -way line; thence North
00 000100" East, 57.75 feet; thence South 89 039147" East,
45.25 feet to the West right -of -way line of Columbia
Street and the Point of Beginning and containing 0.0600
acres, more or less, and is subject to all easements,
restrictions and or covenants of record commonly known as
609 South Columbia Street, South Bend, (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 Board, has agreed to sublease the Real Property from 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 the rent paid by the City
to the Commission 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 Southwest Quarter of Section 12,
Township 37 North, Range 2 East, City of South Bend, Portage
Township, St. Joseph County, Indiana, being platted as
Denniston & Fellows Addition as recorded in Book 2, Page 48,
at the St. Joseph County Recorder's office in South Bend,
Indiana, and described as follows:
Commencing at an iron at the intersection of the South
co right -of -way line of South Street and the West right -of -way
line of Columbia Street; thence South 00 °00100" West
(bearing assumed), 57.75 feet along said West right -of -way
line to the Point of Beginning; thence continuing South
00 000100" West, 57.75 feet along said West right -of -way line
to the North right -of -way line of a 14.00 foot alley; thence
North 89 039147" West, 45.25 feet along said North
right -of -way line; thence North 00 000'00" East, 57.75 feet;
thence South 89 °39147" East, 45.25 feet to the West
right -of -way line of Columbia Street and the Point of
Beginning and containing 0.0600 acres, more or less, and is
subject to all easements, restrictions and or covenants of
record commonly known as 609 South Columbia Street, South
Bend, (the "Real Property ")
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
substntially similar to those embodied in the Lease, with the
exception that the rent paid by to City to the Commission pursuant to
said sublease 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 at a meeting of the South Bend Redevelopment Commission
held on �1-u �t z L 1991, at 1200 County -City Building,
227 West Jefferson Bloulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND
REDEVELOPMENT COMMISSION
By: LGC i
�
Paula N. Auburn, President
Attest:
Michael Donoho Secretary
JPM /REDEVI /RESOLUTION