HomeMy WebLinkAboutNo. 0092 authorizing acceptance of bid of Ideal Consolidated, Inc. for land in the Sample Street Redevelopment INDIANA R-7 Area_l.
RESOLUT
LAND IN
RESOLUTION NO. 92
AUTHORIZING ACCEPTANCE OF BID OF IDEAL CONSOLIDATED, INC. FOR
SAMPLE STREET REDEVELOPMENT INDIANA R -7 AREA
WHEREAS, Ideal Consolidated, Inc., by Ernest L. Brovold, its president,
has submitted a written offer meeting the approved minimum price on Dis-
posal Parcel commonly referred to as No. 4(b), Sample Street Redevelopment
Project Indiana R -7; and
WHEREAS, he South Bend Redevelopment Commission has determined that the
acceptanc of this bid is in accordance with the approved disposal program
for this rea; and
WHEREAS, he land to be sold has previously been offered for sale by solicit-
ing seale bids, with no bids having been received for said property, the
Commissio therefore considers disposal of said land by negotiation to be
the appr riate method of land disposition; and
WHEREAS, he offer of 23.82¢ per square foot by Ideal Consolidated, Inc.
is satisf ctory and is not less than the fair market value for uses in
accordanc§ with the Urban Renewal Elan;
NOW, THER FORE, THE SOUTH BEND REDEVELOPMENT COMMISSION accepts the offer
of Ideal onsolidated, Inc. to acquire at a price of 23.820 per square foot
and redev lop the designated Disposition Parcel 4(b) which is known and
described as follows:
P
Jo
Adopted a
held Octo
Avenue, S,
14(b) as shown on the recorded plat of the Inner Belt
trial Park, a subdivision of the City of South Bend, St.
h County, Indiana.
a regular meeting of the South Bend Redevelopment Commission
r 1, 1964 at the office of the Commission, 129 West Colfax
th Bend, Indiana.