HomeMy WebLinkAboutNo. 0144 authorizing sale of land for development to the Housing Authority of the COSB, IN, a municipal corporation for land in the Chapin Street Project, IND R-29RESOLUTION NO. 144
Rnsc)LU'iION AUTHORIZING EXECUTION OF A CONTRACT FOR THE
SALE OF LAND FOR REDEVELOPMENT Tb THE HOUSING. AUTHORITY
OF THE CITY OF SOUTH BEND, INDIANA, A MUNICTOAL CORPORATION* FOR
LAND IN THE CHAPIN STREET PROJECT, INDIANA R -29
WHEREAS The Housing Authority of the Catty` of South Bend, i municipal
corpora ion, has submitted a written offei identified as a document
entitle "Contract for Sale of Land for Redevelopment by A Public Body"
and ref rred to as the {'Redevelopment Ag �eementf' i said Redevelopment Agreee4+
ment be satisfactory and acceptable as to f6i4n and eoptent by the
8edevel t Commission and meetinj tha appro4bd minimum price on
Dispos Parcel, commonly referred to ae Ndj Chapin street Project,
Indiana R-.29; and,
W11=r,AS the South Bend Redevelopment Commission has diter In d that the
acceptwme of this bid is in accordance with the approved dis :64a1 protrani
for this area; and,
WHEREAS the Commission has entered into a cooperation agreement with the
Housing Authority of the City of South Bend, under the date of February 20
1963, f the purchase and redevelopment of said land, and the Commiesson
has det rmined that the redeveloper possesses the qualifications and financial
resoure s necessary to acquire and develop said land in accordance with the
Urban Renewal Plan as evidenced by an annual contributions contract in
effect; and.
VTHEREAS the Commission has determined that, in accordance with the Urban
Renewal Plan as recorded, the land to be sold is for a public purpose and
public itse, and, therfore, considers the disposal of said land by negotiation
to the edeveloping public body to be the appropriate method of land
e-isposi ion; and,
WHEREAS the minimum price to be offered for said land has been determined
in accordance with all applicable Statutes of the State of Indiana, and the
rules, regulations, and Federal Statutes governing the sale of urban renewal
land to a Public Body for public use, in particular, Section 107 of
Title I and,
WHEREAS the offer of $819667 by the Housing Authority of the City of South
Lend is satisfactory and is not less than the fair market value for use in
accordance with the Urban Renewal Plan as determined by the applicable eta*
tutes, rules, and regulations cited above.
NOW, T
opment
Of Sout
Disposi
estate
That pa
in Plat
8 ^k. Ou
Lots 68
in Firs
Plat Bo
.,_et fry
thence
and 37.+
feet to
EFORE, THE SOUTH BHND REDEVELOPMENT COMISSI(X maids the Redevel-
,reement with the Housing Authority of the City of South Bend is
cry as to form and price and hereby accepts the offer of and
,s execution of a contract with the Housing Authority of the City
Bend to acquire at a price of $81,667 to redevelop the designated
on Parcel No. 1 for residential housing units; subject to the
ce fo the Department of Housing and Urban Development. Said real
known and described as follows:
t of Edward Sarin's Subdivision of Bank Out Lot Number 70 as shown
Book 1, page 9, and all of Reuben Dun's Subdivision of a part of
Lot Number 69 as shown in Plat Book 2, page 65, and part of
and 69 lying North of the New York Central Railroad's right -of -way
Plat of Out Lots of the Town, now City of South Bend, as shown in
k 1, page 44, all more particularly descr - 2d as follows:
mg at a point which bears due South 59.9S feet and due West 37.00
xn the centerline intersection of 6%...tern Avenue and Seo tt.Street;
ml.ong an assumed bearing of South, on a line which is parallel to
)0 feet due West of the centerline of Scott Street a distance of 905.22
the North line of the New York Central Railroad's right -of -way; thence
North 78 45132" West 585. 95 feet; thence North 0007'15" West 43.70 feet;
theme No th 4028107" East 150.48 feet; thence North 0007'15" West 134.51
feet; th nce along a 172100 foot radius purve to the right thr4Agh an internal
angle. of 16005t at' are distance of 48, 28 feet to a point on a 57.00 toot
radius curve whose 'center bears South 74402'15" East; thence along sgid 57.00
foot radius curve through an internal angle of S8 002t15 " an are distance of
57.74 feet to a point on a 172.00 toot radius curve whose center bears South
16000'00' East;'thence along said 172.00 foot radius curve through an internal
angle of 16005' an are distance of 48.28 feet; thence 'South 89055'0& Egst
along a parallel to and 60 feet due South of.the centerline of Western Ave-
nue, a d stance of 470.81 feet to the point of beginning.
Adopted t a regular meeting of the South Bend Redevelopment Commission held
August 1 , 1966, at the office of the Commiss.ion, 120 West LaSalle Avenue,
South Be d, Indiana.
- 2 -