HomeMy WebLinkAboutNo. 0119 authorizing acceptance of bid of Hanson Engineering Company for land in the Sample Street Project INDIANA R-7RESOLUTION NO. 119
RESOL TION AUTHORIZING ACCEPTANCE OF BID OF HANSON ENGINEERING
COMPANY FOR LAND IN THE SAMPLE STREET PROJECT, INDIANA R -7
WHEREAS, Hanson Engineering Company, by Hans A. Hanson, its owner, has
submitted a written offer meeting the approved minimum price on Disposition
Parcel commonly referred to as No. 1(i), 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 are ; and
WHERE S, the Commission has determined that the redeveloper possesses the
qualif c tions and financial resources necessary to acquire and develop the land
in acco dance 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 f land disposition; and
WHEREAS, the offer of 18.5 per square foot by Hanson Engineering is satisfac-
tory and is not less than the fair market value for uses in accordance with the
Urban Renewal Plan, as determined by updating appraisal of this area completed
on October 14, 1965.
NOW, THEREFORE, THE SOUTH BEND REDEVELOPMENT COMMISSION accepts
the offe of Hanson Engineering to acquire at a price of 18.5` per square foot and
redevelop the designated Disposition Parcel 1(i) which is known and described as
follows:
The North 160.03 feet of the West 230.61 feet of the South part of
Parcel No. 1 in the Inner Belt Industrial Park, a Subdivision in
the Southeast and Southwest Quarter of Section 11, and the North-
east 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 36,904 square
feet, more or less, and commonly known as Parcel 1(i), Sample
Street Project, Indiana R -7, in the records of the South Bend
R development Commission.
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 .