HomeMy WebLinkAboutNo. 0127 correcting description and purchase price of offer to purchase land in the Sample Street INDIANA R-7 redevelopment area under offer originally made by Cummins Engine Co., Inc., assignment to South Bend Lathes ubmitt e
parcel c
Project
Commis
RESOLUTION NO. 127
RESOLUTION CORRECTING DESCRIPTION AND PURCHASE
PRICE OF OFFER TO PURCHASE LAND IN THE SAMPLE
STREET INDIANA R -7 REDEVELOPMENT AREA UNDER
OFFER ORIGINALLY MADE BY CUMMINS ENGINE COMPANY,
INC. AND ASSIGNMENT TO SOUTH BEND LATHE, A
DIVISION OF AMSTED INDUSTRIES, INCORPORATED.
'HEREAS, Cummins Engine Company, Inc. of Columbus, Indiana,
d a written offer meeting the approved minimum price on disposal
>mmonly referred to as Number 6, Sample Street Redevelopment
, ndiana R -7, which was approved by the South Bend Redevelopment
;ion by appropriate resolution on October 15, 1964, and
WHEREAS, said Cummins Engine Company, Inc. has assigned its
right, title and interest in and to said written offer and real estate described
therein to South Bend Lathe, a division of Amsted Industries, Incorporated,
which as signment was approved by the South Bend Redevelopment Commission
by appr priate resolution on October 21, 1965, and
WHEREAS, an error has been discovered in the description of said
Parcel 6 in the Plat of the Inner Belt Industrial Park Subdivision to the City
of South Bend, which results in said Parcel 6 containing only 29, 587 square
feet instead of 42, 826 square feet, and
HEREAS, the offer for the purchase of said Parcel 6 was at the rate
of 58.6 per square foot, the total purchase price should be amended and re-
duced fr m $25,100.00 to $17,337.98,
NOW, THEREFORE, BE IT RESOLVED, that the South Bend Redevelop-
ment Commission, subject to the approval of the Regional Office of the Housing
and Home Finance Agency of Region IV„ does hereby amend Resolution No. 93
approving the written offer of Cummins Engine Company, Inc. of Columbus,
Indiana, for the purchase of Parcel Number 6 in the Sample Street Redevelop-
ment Pr jest Indiana R -7, and does hereby further amend Resolution No. 113
approving the assignment of the Cummins Engine Company, Inc. of its right,
title and interest in and to said written offer and the real estate described
therein, to South Bend Lathe, a division of Amsted Industries, Incorporated,
by corr sting the description of the real estate therein contained in said reso-
lutions o that the description of said real estate will read as follows:
arcel Number 6 in the Inner Belt Industrial Park, a Sub -
ivision in the Southeast and Southwest Quarters of Section 11
.id the Northeast Quarter of Section 14, all in Township 37
orth, Range 2 East of the Second Principal Meridian, City
E South Bend, Indiana, the Plat of which is recorded in Plat
ook 21, Page I in the Office of the Recorder of St. Joseph
ounty, Indiana, excepting therefrom the West 30 feet of the
ast 40 feet of vacated Prairie Avenue, and containing 29,587
luare feet, more or less.
and further amends said Resolutions by providing that the total purchase price
for said above - described real estate shall be the sum of $17, 337.98 instead of
the sum of $25,100.00 as set out originally in said Resolutions.
E IT FURTHER RESOLVED that the President and Secretary of the
South Bend Redevelopment Commission are hereby authorized and directed to
execute ontract for Sale of Land for Private Redevelopment, Part I ahid Part II
thereof, for the sale of said above - described real estate to South Bend Lathe, a
division of Amsted Industries, Incorporated, for the total purchase price of
$17,337.98, and to execute a proper and sufficient Quit -Claim Deed upon the
final co summation of the sale of the above - described real estate to South Bend
Lathe, division of Amsted Industries, Incorporated.
d this 17th day of March, 1966.