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HomeMy WebLinkAboutNo. 0145 authorizing execution of a contract for the sale of land for redevelopment to the Department of Public Parks of South Bend, IN, for land in the Chapin Street Project, INDIANA R-29i� WHEREAS, submittei Parcel e, RESOLUTION NO. 145 RESOLUTION AUTHORIZING EXECUTION OF A CONTRACT FOR THE SALE OF LAND FOR REDEVELOPMENT TO THE DEPARTMENT OF PUBLIC PARKS OF SOUTH BEND, INDIANA, FOR LAND IN THE CHAPIN STREET PROJECT, INDIANA R -29 The Department of Public Parks of the City of South Bend has I a written offer meeting the approved minimum price on Disposal immonly referred to as No. 2, Chapin Street Project, Indiana R -29; and, WHEREAS, the South Bend Redevelopment Commission has determined that the acceptance of this bid is in_ accordance with the approved disposal program for this area; and, WHEREAS, the Commission has entered into a cooperation agreement with the Department of Public Parks of the City of South Bend, under date of February 20, 1965, for the purchase and redevelopment of said land, and the Commission has determined that the redeveloper possesses the qualifications and financial resources necessary to acquire and develop said land in accordan a with the Urban Renewal Plan; and, WHEREAS, the Commission has determined that, in accordance with the Urban Renewal Ian as recorded, the land to be sold is for a public purpose and public u e, and, therefore, considers the disposal of said land by negotiation to the r developing public body to be the appropriate method of land disposition; and, WHEREAS, the minimum price to be offered for said land has been-determined in aecor anee with all applicable Statutes of the State of Indiana, and the rules, r gulations, and Federal Statutes governing the sale of urban renewal land to i Public Body for public use; and, WHEREAS, the offer of $73,527 by the Department of Public Parks of the City of South Bend is satisfactory and is not less than the fair market value for use in a cordance with the Urban Renewal Plan as determined by the applicable statutes, rules, and regulations cited above. NOW, TH EFORE, THE SOUTH BEND REDEVELOPMENT COMMISSION accepts the offer of and au horizes execution of a contract with the Department of Public Parks of The C'ty of South Bend to acquire at a price of $73,527 to redevelop the designat d Disposition Parcel No. 2 for park "aad.;recreational purposes; subject o the concurrence of the Department of Housing and Urban Development. Said rea estate is known and described as follows: Parcel o Land situated in S.E. 1/4 Sec. 11, T. 37N., R 2 E., City of South Bend, Po tage Twp., St. Joseph County, Indiana and more particularly bounded and desc ibed as follows: Beginnin 890 571 Avenue a East, pa 468.36 f internal foot rad along sa are dist center b radius c thence S 150.48 f West, 14 West, 13 West, 52 West 138 at a point which bears South 00 021 45" East 60.00 feet and North LS" East 20.00 feet from the centerline intersection of Western id Laurel Street, thence along an assumed bearing of North 890 561 4511 �allel to and 60.00 feet South of the centerline of Western Avenue, ?et; thence along a 172.00 foot radius curve to the right through an angle of 160 051 an are distance of 48.28 feet to a point on a 57.00 Lus curve, whose center bears South 160 011 45" West; thence Easterly Ld 57.00 foot radius curve through an internal angle of 570.46, an ince of 57.47 feet to a point on a 172.00 foot radius curve whose ?ars South 730 471 45 "; thence Southerly along said 172.00 foot irve through an internal angle of 160 05' an are distance of 48.28 feet; )uth 00 071 15" East ISO.55 feet, thence South 40 411 4S11 East ?et; thence South 00 071 15" East 301.93 feet; thence South 890 59 '.00 feet; thence North 00 111 30" West 29.95; thence South 890 541 30" ?.00 feet; thence South 00 08 East 82.39 feet; thence South 730 221 0511 ,77 feet; thence North 00 081 West 27.28 feet; thence North 740 201 30" ,37 feet; thence North 00 151 West 19.44 feet; thence North 730 451 West 12 North 1 through to a po East; t angle o West al Street Adopted held Sep Avenue, 51 feet to a point on a 57.00 foot radius curve whose center bears 151 East; thence Easterly along said 57.00 foot radius curve n internal angle of 1940 031 47" an are distance of 193.06 feet t or a 20.00 foot radius curve whose center bears North 120 111 1311 nee Westerly along said 20.00 foot radius curve through an internal 870 46' 0211 an are distance of 30.64 feet; thence North 00 021 4511 g a line parallel to an 20.00 feet East of the centerline of Laurel 3.37 feet to the point of beginning. t a regular meeting of the South Bend Redevelopment Commission ember 1, 1966 at the office of the Commission, 120 West LaSalle outh Bend, Indiana. !31_