HomeMy WebLinkAboutNo. 0933 authorizing its staff to enter into exclusive negotiation periods with potential developersRESOLUTION N0. 933
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
AUTHORIZING ITS STAFF TO ENTER INTO
EXCLUSIVE NEGOTIATION PERIODS WITH POTENTIAL DEVELOPERS
WHEREAS, I.C. 36- 7 -14 -12 authorizes the Redevelopment Commission
to sell, lease, rent or otherwise dispose of real property acquired
for use in the redevelopment of blighted areas; and
WHEREAS, I.C. 36- 7 -14 -22 sets forth the procedure for the public
sale and lease of real property by the Commission; and
WHEREAS, I.C. 36- 7- 14 -22(h) provides that if parcels of land
remain unsold after the Commission has opened and considered written
offers to purchase filed in response to the Commission's notice of
sale, the Commission may dispose of the property through private
negotiations conducted by the Commission or its regular employees;
and
WHEREAS, it is the Commission's practice to
exclusive negotiation period agreements with de,
interest in developing such unsold parcels when
fir+' result in a contract with the developer for the
for private redevelopment.
NOW, THEREFORE, BE IT ORDAINED by the South
Commission as follows:
enter into 60 -day
velopers who express
doing so is likely to
sale of the parcels
Bend Redevelopment
SECTION I. The Director of the Redevelopment Department is
hereby authorized to enter into 60 -day exclusive negotiation period
agreements with developers for parcels of land remaining unsold after
the Commission has opened and considered written offers to purchase
filed in response to the Commission's notice of sale and such parcels
have remained unsold when, in the Director's opinion, such agreements
are likely to result in contracts with the developers for the sale of
the parcels for private redevelopment.
SECTION II. Adopted at a regular meeting of the South Bend
Redevelopment Commission on May 11, 1990.
SOUTH BEND REDEVELOPMENT COMMISSION
F JAY NIMTZ, PR DENT
ATTEST:
Roman Piasec i
Secretary
rw R3RN:R- NEGOTIATIONS