HomeMy WebLinkAboutNo. 0537 authorizing the execution of redevelopment agreement for disposition of parcel 2-6A, execution of quit claim deed for transfer of title thereto in connection with South Bend Central Downtown Project IN R-66 (People's First Federal S&L Assn.)RESOLUTION NO. 537
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION,
THE GOVERNING BODY OF THE CITY OF SOUTH BEND DEPARTMENT
OF REDEVELOPMENT, AUTHORIZING THE EXECUTION OF THE RE-
DEVELOPMENT AGREEMENT FOR THE DISPOSITION OF PARCEL 2 -6A
AND THE EXECUTION OF THE QUIT CLAIM DEED FOR THE TRANSFER
OF TITLE THERETO, IN CONNECTION WITH LAND TO BE DISPOSED
OF IN THE SOUTH BEND CENTRAL DOWNTOWN PROJECT, INDIANA R -66.
WHEREAS, the City of South Bend Department of Redevelopment is carrying out
the Urban Renewal for an area known as the South Bend Central Downtown Project,
Indiana R -66, pursuant to the Urban Renewal Plan adopted by the Common Council
of the City of South Bend, Indiana, by Resolution No. 193 -68 on September
10, 1968; and
WHEREAS, the Urban Renewal Plan calls for the sale for redevelopment by public
or private agencies of acquired land in accordance with the provisions of said
Plan; and
WHEREAS, the following redeveloper has submitted a proposal to redevelop the
following parcel within the South Bend Central Downtown Project, Indiana R -66,
and that said proposal has been processed in accordance with all applicable
rules and regulations governing the sale of land acquired by the Redevelopment
Commission:
Parcel No.
Name of Redeveloper
Disposition Parcel 2 -6A Peoples First Federal Savings & Loan Assn.,
an Indiana Corporation
WHEREAS, said proposal submitted by Peoples First Federal Savings & Loan
Association is satisfactory and is not less than the offering price of the
Commission for uses in accordance with the Urban Renewal Plan, and said bid
proposal is determined by the Redevelopment Commission to be the highest and
best bid;
NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission,
the Governing Body of the City of South Bend Department of Redevelopment, that
the Executive Director of the Department of Redevelopment is hereby authorized
to prepare a Redevelopment Agreement and Quit Claim Deed for the purpose of
conveying said land to said redeveloper; and
BE IT FURTHER RESOLVED, that the President of the South Bend Redevelopment
Commission is hereby authorized to execute said Redevelopment Agreement and
Quit Claim Deed and that the Secretary of said Commission is hereby authorized
to attest said Agreement and Deed.
Adopted at the Regular Meeting of the South Bend Redevelopment Commission held
on November 5, 1976, in the Office of the Redevelopment Commission, Room 1200
County -City Building, 227 West Jefferson Blvd., South Bend, Indiana 46601.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
1
. Jay imtz, Preside
ATTEST:
(SEAL)