HomeMy WebLinkAboutNo. 0134 authorizing acceptance of bid of Howard F. Harris and Bonnie L. Harris for land in the Sample Street Project INDIANA R-7RESOLUTION NO. 134
RESOLUTION AUTHORIZING ACCEPTANCE OF BID OF HOWARD F.
HARRIS AND BONNIE L. HARRIS FOR LAND IN THE SAMPLE
STREET PROJECT, INDIANA R -7.
WH REAS, Howard F. Harris and Bonnie L. Harris have submitted a written
offer m eting the approved minimum price on Disposal Parcel commonly referred
to as N . 5, Sample Street Project, Indiana R -7; 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 determined that the redeveloper possesses
the qua ifications and financial resources necessary to acquire and develop
the lanq in accordance with the Urban Renewal Plan; and
WHEREAS, the land to be sold has previously been offered for sale by
soliciting sealed bids, with no bids having been received for said property,
the Commission therefore considers disposal of said land by negotiation to
be the appropriate method of land disposition; and
WHEREAS, the offer of 15.5 per square foot, for Parcel No. 5 and for
that portion of the alley proposed to be vacated which revert to the owner-
ship of the Redevelopment Commission, by Howard F. Harris and Bonnie L.
Harris, is satisfactory and is not less than the fair market value for use
in accordance with the Urban Renewal Plan, as determined by updating apprai-
sal of this area completed on October 14, 1965.
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THEREFORE, THE SOUTH BEND REDEVELOPMENT COMMISSION accepts the
Howard F. Harris and Bonnie L. Harris, subject to the approval of
anal IV Office of the Department of Housing and Urban Development,
re and redevelop at a price of 15.5 per square foot the designated
ion Parcel No. 5, which is known and described as follows:
Parcel No. 5 and the West Half of the Alley between Garst
Street and Kerr Street in the Inner Belt Industrial Park,
a Subdivision in the Southeast and Southwest Quarter of
Section 11, and the Northeast Quarter of Section 14, all
in Township 37 North, Range 2 East of the Second Principal
Meridian, City of South Bend, Indiana, the Plat of which
is recorded in Plat Book 21, Page I, in the office of the
Recorder of St. Joseph County, and containing 98,333
square feet, more or less.
â–ºted at a regular meeting of the South Bend Redevelopment Commission
19, 1966, at the office of the Commission, 120 West LaSalle Avenue,
id, Indiana.