HomeMy WebLinkAboutNo. 0717 accepting a counteroffer for sale of real property in the East Bank Development Area and authorizing a contract of sale (Mill Race, Inc.)P. I ;
RESOLUTION NO. 717
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
ACCEPTING A COUNTEROFFER FOR SALE OF REAL PROPERTY IN THE
EAST BANK DEVELOPMENT AREA AND AUTHORIZING A CONTRACT OF SALE
WHEREAS, the South Bend Redevelopment Commission has
offered to purchase the property described in Attachment A from the
fee title owner of record, Mill Race, Inc., for $568,700.00; and
WHEREAS, Mill Race, Inc., has rejected the original offer
but on September 24, 1984, has offered $592,400.00 as purchase price
for that property; and
WHEREAS, the purchase and resale for redevelopment purposes
of the real property described in Attachment A is central to the
carrying out of the activities described in the redevelopment plan
for the East Bank Development Area; and
WHEREAS, the Redevelopment Commission finds that such
purchase and resale would be in the best interest of the City of
South Bend and would conform to the redevelopment plan already
adopted by the Commission;
THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission that the counteroffer of a purchase price of $592,400.00
made by Mill Race, Inc., for sale to the Redevelopment Commission for
the real property described in Attachment A be accepted subject to
execution of mutually acceptable contract for sale; and that the
contract for sale be executed by the President and Secretary of the
Redevelopment Commission together with any other associated documents
necessary to carry out the intent of this Resolution.
Adopted this 28th day of September, 1984.
ATTEST:
r
A. PETER D NAL S
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
. JAY NIMTZ, PRESIDENT
ATTACHMENT "A"
PROJECT: East Bank Development Area
PARCEL NO. 1-5,1::6 -23 and 1 -24
PROPERTY ADDRESS:
NA
SELLER: Mill Race, Inc.
LEGAL DESCRIPTION
Lots 17 through 21 inclusive and Lots 23 through 29 inclusive
along with part of Lot 22 in Miller and Green's Second Addition
and Lots 10 through 12 inclusive in the Original Plat to the Town
of Lowell along and together with Parcels adjacent thereto in the
City of South Bend, Portage Township, St. Joseph County, Indiana,
to wit.
A parcel of land being a part of Miller and Green's Second
Addition and a part of the Original Town of Lowell as both are
platted in the office of the Recorder of St. Joseph County,
Indiana, all being contained in the City of South Bend, Portage
Township, St. Joseph County, Indiana, and being more particularly
described as follows:
Lots 17 through 21 inclusive as shown on said Recorded Plat of
Miller and Green's Second Addition along and together with a
parcel of land described as beginning at a.point on the North
right -of -way line of LaSalle Street 40.00 feet South 890- 58' -36"
East of the Southeast corner of said Lot 21 in Miller and Green's
Second Addition, said beginning point being the intersection of
said North right -of -way line with the East right -of -way line of
Hydraulic Avenue, as now exists; thence North 00- 02' -56" West,
along said East right -of -way line, a distangq of 130.00 feet to
an angle point; thence North 500- 38' -00" East, along the
Southeasterly right -of -way line of said Hydraulic Avenue, a
distance of 449.86 feet to a Westerly line of a parcel of land
commonly known as the East Race as conveyed to the City of South
Bend, Department of Parks and Recreation; thence South 390
- 24' -14" East, along said Westerly line, a distance of 91.85
feet; thence North 580- 45' -13" East, along said East Race, a
distance of 66.67 feet; thence North 790- 49' -00" East, along said
East Race, a distance of 7.18 feet; thence South 750- 52' -14"
distance of 13.44 feet;
thence
East, along said East Race, a a distance of
South 310- 40' -52" East, alon� said East Race,
192.88 feet; thence South 27 - 16' -47" East, along said East Race,
a distance of 15.77 feet; thence South 270- 45' -50" East, along
said East Race, a distance of 75.03 feet; thence South 320
- 34' -27" West,along said East Race, a distance of 4.70 feet;
thence South 0°- 03'- 12"° nasaidallorth said
rightaof- wayRace,
line distance
LaSalle
128.69 feet to a point said North
Street; thence North 890- 58' -36" West along
right -of -way line a distance of 235.04 feet;
thence North 0°
- 01' -20" East, a distance of 60.00 feet; thence Nortdistan581 -36"
West, parallel with said North right -of -way of
119.00 feet to the centerline of now - vacated Sycamore Street;
thence South 0 °- O1'- NorthtrightnofSway distance
of 60.00 feet to said Street;
thence North 890- 58' -36" West, along said North right -of -way
line, a distance of 270.12 feet to the place of beginning.
Subject to easements, covenants or restrictions of record.
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