HomeMy WebLinkAboutNo. 0079 authorizing acceptance of bid for land in the Sample Street Redelopment Area (Indiana Wiping Cloth, Co.)RESOLUTION NO. 79
RESOLUTION AUTHORIZING ACCEPTANCE OF BID FOR
LAND IN THE SAMPLE STREET REDEVELOPMENT AREA
WHEREAS, Indiana Wiping Cloth, Co. by its partners Betty Silverman
and ,tqrome Silverman, has submitted a written offer meeting the
approved minimum price on Disposal. Parcel commonly referred to as
No. l(f), Sample Street Redevelopment Project Indiana R -7; and
WHEREAS, he South Bend Redevelopment Commission has determined
that the cceptance of this bid is in accordance with the approved
disposal rogram for this area; and
WHEREAS, the South Bend Redevelopment Commission has determined
that Indiana Wiping Cloth, Co. possesses the qualifications and
financial resources to acquire and develop the land in accordau e
with the Urban Renewal Plan; and
WHEREAS, the land to be sold has previously been offered for sale
by soliciting sealed bids; and more than 90 days have elapsed since
said bid opening with no bids having been received for said property,
the Commission therefore considers disposal of said land by negotia-
tion to be the appropriate method of land disposition; and
WHEREAS, the offer of 23.70 per square foot by Indiana Wiping Cloth,
Co. is s tisfactory and is not less than the fair market value for
uses in ccordance with the Urban Renewal Plan.
NOW THEREFORE, the South Bend Redevelopment Commission accepts the
offer of Indiana Wiping Cloth, Co. to acquire at a price of 23.7
per square foot and redevelop the designated Disposition Parcel 1(f)
which is known and described as follows:
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cing at an existing Cross in the East sidewalk of Scott
at the intersection of Western Avenue, said Cross being
d on the South line of Western Avenue and Five Feet (5.001)
f the East line of Scott Street; thence Southerly from
ross a distance of Nine Hundred Thirty -eight and Forty-
undredths feet (938.491) to another existing Cross in the
idewalk of Scott Street; thence continuing Southerly a
ce of One Hundred 7 ° -t (100.00') to another existing Cross
East sidewalk of Scott Street (all these three (3) Crosses
in a straight line and Five Feet (5.00') West of the East
f Scott Street); thence continuing Southerly along a line
ted through the above said three (3) Crosses a distance of
y -one and Seventy -one Hundredths Feet (71.711); thence
g a deflection angle of Eighty -nine Degrees, Fifty - seven
s, Thirty Seconds (890 571 30 ") right from the last des -
course extended and running Westerly along this line a
ce of Seventy -five Feet (75.001); thence Southerly on a
arallel to and Seventy -five Feet (75.001) West of the line
fished by the three (3) previously described existing Crosses
East sidewalk of Scott Street a distance of Two Hundred Feet
01)to the point of beginning; thence continuing Southerly
the last described course a distance of One Hundred- Thirty-
eet (135.001); thence turning a deflection angle of Eighty -
grees, Fifty -seven Minutes, Thirty Seconds (890 57' 3011)
from the last described course extended; thence Westerly
this line a distance of One Hundred Seventy Feet (170.001);
-1-
.Y
Resoluti06 No. 79
thence Northerly, parallel to the East line of this Parcel a
distance of One Hundred Thirty -five Feet (135.001; thence
Easterly, parallel to the South line of this Parcel a distance
of One Hundred Seventy Feet (170.00') to the point of beginning;
contai ing 22,950 square feet.
Adopted a a regular meeting of the South Bend Redevelopment
Commission held April 16, 1964, at the office of the Commission,
129 West C lfax Avenue, South Bend, Indiana.
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
President
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
Secretary