HomeMy WebLinkAboutNo. 0370 authorizing the execution of Redevelopment Agreement(s) for disposition of land and execution of warranty deed(s) for transfer of title thereto in connection with LaSalle Park Project, IND R-57 (Valley Real Estate, Inc.)RESOLUTION NO. 370
ZESOLUTION AUTHORIZING ACCEPTANCE OF BIDS FOR LAND AND AUTHOR -
[ZING THE EXECUTION OF REDEVELOPMENT AGREEMENT (S) FOR DISPOSITION
)F LAND AND EXECUTION OF WARRANTY DEED (S) FOR THE TRANSFER OF
CITLE THERETO IN CONNECTION WITH LAND TO BE DISPOSED OF IN THE
_ASALLE PARK PROJECT, IND. R -57
WHEREAS, the Valley Real Estate, Inc. has submitted a written offer meeting
the approved minimum price on Disposition Parcel commonly referred to as 13 -19
and N 1/2 of 13 -18 and has submitted a written offer meeting the approved minimum
price on Disposition Parcel commonly referred to as 13 -19 and N 1/2 13 -18 in the
LaSalle Pak Project, Ind. R'57; and
WHERE S, the South Bend Redevelopment Commission has determined that the
acceptance of these bids are in accordance with the approved disposal program for
this area; and
WHERE S, the Commission has determined that the redevelopers possess the
qualifications and financial resources necessary to acquire and develop the land
in accorda ce with the Urban Renewal Plan; and
WHEREAS, the offer of $562.00 by the Valley Real Estate, Inc. is satisfactory
and not less than the offering prices of the Commission for uses in accordance
with the Urban Renewal Plan, which offering prices were submitted to and approved
by the Department of Housing and Urban Development; and
WHERE S, the Urban Renewal Plan for the area known as LaSalle Park Project,
Ind. R -57, calls for the sale for redevelopment by public or private agencies of
all acquir d land in accordance with the provisions of said plan; and
. WHERE/
certain par
processed 1
rules and i
land, which
S, the following redevelopers have submitted proposals to redevelop
cels within the LaSalle Park Project and that said proposals have been
n accordance with all applicable Statutes of the State of Indiana and
egulations of the Federal Statutes governing the sale of Urban Renewal
parcels are described as follows:
PARCEL NUMBER
13 -19 & N 1/2 13 -18
NOW, IHEREFORE, BE IT RESOLVED that
accepts th offer of Valley Real Estate,
and redeve op the designated Disposition
NAME
Valley Real Estate, Inc.
the South Bend Redevelopment Commission
Inc. to acquire at a price of $562.00
Parcel 13 -19 and N 1/2 of 13 -18.
NOW, THEREFORE, BE IT FURTHER RESOLVED by the South Bend Redevelopment Commission,
Governing Body of the City of South Bend Department of Redevelopment, that the
Executive Director of the Department of Redevelopment is authorized to prepare Rede-
velopment greement(s) and Warranty Deed(s) for the purpose of conveying said real
estate to he proposed redevelopers above described.
BE IT FURTHER RESOLVED that the President of the South Bend Redevelopment
Commission is authorized to execute said Redevelopment Agreement(s) and Warranty
Deed(s) and that the Assistant Secretary of the Commission is hereby authorized
to attest said Agreement and Deed(s).
Adopted a
on August
227 West
ATTEST:
SEAL
: the Special Meeting of the South Bend Redevelopment Commission held
9, 1971, in the Office of the Commission, Room 1200, County -City Building,
lefferson Blvd., South Bend, Indiana 46601.
0
sistant secretary
UTY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
Fred J 69P #n, President