HomeMy WebLinkAboutNo. 0243 authorizing the execution of a contract for sale of certain disposition parcels in the Urban Renewal Central Downtown Project, IND R-66Part
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RESOLUTION NO. 243
RESOLUTION OF THE REDEVELOPMENT COMMISSION
OF THE CITY OF SOUTH BEND AUTHORIZING THE
EXECUTION OF A CONTRACT FOR SALE OF CERTAIN
DISPOSITION PARCELS IN THE URBAN RENEWAL
CENTRAL DOWNTOWN PROJECT, INDIANA R -66
WHEREAS, the United States of America has approved
I of the Application for Loan and Grant for a certain pro -
identified as the Central Downtown Project, Indiana R -66,
WHEREAS, it is anticipated that the
Depa tment of Redevelopment, will enter into a
Capi al Grant Contract with the Government for
City of South Bend,
certain Loan and
said project, and
WHEREAS, the Common Council of the City of South Bend
has zpproved the Urban Renewal Plan of said project, which provides
for certain municipal parking structures to be constructed in said
project area, and further that the Common Council of the City of
South Bend has authorized the execution of a contract for purchase
Of Certain disposition parcels in said project as hereinafter de-
scri ed and have authorized the Mayor and the City Clerk to execute
said agreement, and
WHEREAS, the United States of America has requested
assu ance that the municipal parking structures will be constructed
in a cordance with the Urban Renewal Plan, and
WHEREAS, an agreement between the City of South Bend and
the lepartment of Redevelopment has been submitted to the Commis-
sion for its approval, which provides for the purchase and construc-
tion of municipal parking structures on land within said project
area and more particularly described in said agreement, all subject
to the successful sale of revenue bonds for the financing of the
purchase of land and construction of said municipal parking struc-
tures.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment
Commission of the City of South Bend, that the proposed agreement
betty en the City of South Bend and the Department of Redevelopment
providing for the sale of real estate described in said agreement
and for the construction of municipal parking structures thereon by
the City of South Bend is hereby approved, and the President and the
Secretary of the Redevelopment Commission are hereby authorized to
execute said agreement for and on behalf of the Redevelopment Com-
mission.
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Adopted at a regular meeting of the Redevelopment
Commi sion, 120 West LaSalle Avenue, Suite 1001, South Bend,
India a, on the 5th day of December, 1X8.
iS
John WChenney, Fe
President, Donald iggins