HomeMy WebLinkAboutNo. 0074 authorizing acceptance of bid for land in the Sample Street Redevelopment Area (Stadiana, Inc.)WHEREAS
Harold
meeting
referre
Indiana
RESOLUTION NO. 74
RESOLUTION AUTHORIZING ACCEPTANCE OF BID FOR
LAND IN THE SAMPLE STREET REDEVELOPMENT AREA
Stadiana, Inc., by Irving T. Smith, its President, and
berkotter, its Secretary, has submitted a written offer
the approved minimum price on Disposal Parcel commonly
to as No. 1(e), Sample Street Redevelopment Project
R -7; and
WHEREAS the South Bend Redevelopment Commission has determined
r that th acceptance of this bid is in accordance with the approved
�,. disposa program for this area; and
WHEREAS the South Bend Redevelopment Commission has determined
that St diana, Inc. possesses the qualifications and financial
resourc s to acquire and develop the land in accordance with the
Urban R newal 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 Conumission 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 Stadiana, Inc. is
satisfa tory and is not less than the fair market value for uses
in acco dance with the Urban Renewal Plan,
NOW T REFORE, the South Bend Redevelopment Commission accepts the
offer o Stadiana, Inc. to acquire at a price of 23.70 per square
foot an redevelop the designated Disposition Parcel 1(e) which is
known d described as follows:
Commencing at an existing Cross in the East sidewalk of Scott
Street at the intersection of Western Avenue, said Cross being
located on the South Line of Western Avenue and Five Feet (5.001)
West of the East Line of Scott Street; thence Southerly from
said Cross a distance of Nine Hundred Thirty -eight and Forty -nine
Hundredths Feet (938.491) to another existing Cross in the East
sidewalk of Scott Street; thence continuing Southerly a distance
of one Hundred Feet (100.001) to another existing Cross in the
East sidewalk of Scott Street (all these three (3) Crosses being
in a straight line and Five feet (5.001) West of the East Line
of Scott Street); thence continuing Southerly along a line pro-
jected through the above said three (3)Crosses a distance of
Seventy-one and Seventy -one Hundredths Feet (71.711); thence
turning a deflection angle of Eighty -nine Degrees, Fifty -seven
Minutes, Thirty Seconds (890, 57', 30 ") right from the last
described course extended and running Westerly along this Line
a distance of Seventy -five Feet (75.001) to the place of beginning;
then a continuing Southerly on a Line parallel to and Seventy -five
Feet (75.001) West of a Line established by the three (3) pre -
viou ly described existing crosses a distance of Two Hundred
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(200.00'); thence turning a deflection angle of Eighty -
Degrees, Fifty -seven Minutes, Thirty Seconds (890 57' 30 ")
from the last described course extended; thence Westerly
this Line a distance of Three Hundred Feet (300.001);
:e Northerly, parallel to the East Line of this Parcel a
Lnce of Two Hundred Forty -five and Ninety -Three Hundredths
(245.931); thence turning a deflection angle of One Hundred
)egrees, Fifty -Five Minutes and Zero Seconds (1010, 551, of$' )
: from the last described course extended; thence South '
:rly along this Line a distance of Two Hundred and Twenty -
ind Sixty -Seven Hundredths Feet (221.671); thence turning
`lection angle of Eleven Degrees, Fifty -seven Minutes and
:y Seconds (110, 571, 3011) left from the last described
>e extended; thence Easterly along this Line a distance
.ghty -three and Eleven Hundredths Feet (83.111) to the
: of beginning; containing 64,981 square feet; all located
>uth Bend, St. Joseph County, Indiana.
it a regular meeting of the South Bend Redevelopment Commis -
i December 18, 1963, at the office of the Commission, 129
.ax Avenue, South Bend, Indiana.
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
President
aH BEND REDEVELOPMENT COMMISSION