HomeMy WebLinkAboutNo. 0122 authorizing acceptance of bid of Robert G. Binder for land in the Sample Street Project INDIANA R-7REST
FOR
RESOLUTION NO. 122
UTION AUTHORIZING ACCEPTANCE OF BID OF ROBERT G. BINDER
AND IN THE SAMPLE STREET PROJECT, INDIANA R -7
WHEREAS, Robert G. Binder, has submitted a written offer meeting the
approved minimum price on Disposal Parcel commonly referred to as
No. f (m), 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
WHE EAS, the Commission has determined that the redeveloper possesses
the q alifications and financial resources necessary to acquire and develop
the lad in accordance with the Urban Renewal Plan; and
WHEREAS, the land to be sold has previously been offered for sale by
solici ing sealed bids, with no bids having been received for said property,
the Commission therefore considers disposal of said land by negotiation
to be he appropriate method of land disposition; and
WHEREAS, the offer of 18.5 per square foot by Robert G. Binder is
satisfactory and is not less than the fair market value for use in accordance
with tae Urban Renewal Plan, as determined by updating appraisal of this
area ompleted on October 14, 1965.
NOW THEREFORE, THE SOUTH BEND REDEVELOPMENT COMMISSION
accepts the offer of Robert G. Binder to acquire at a price of 18.5fi per
square foot and redevelop the designated Disposition Parcel 1(m), which
is known and described as follows:
The North 150.0 feet of the North Part of Parcel No. 1 in
the Inner Belt Industrial Park, a Subdivision in the South-
east 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 59, 118 square feet, more or less.
Adopted at a regular meeting of the South Bend Redevelopment Commission
held February 3, 1966, at the office of the Commission, 120 West LaSalle
Avenue, South Bend, Indiana.