HomeMy WebLinkAboutNo. 0063 authorizing acceptance of bid nor land in the Sample Street Redevelopment AreaRESOLUTION NO. 63
RESOLUTION AUTHORIZING ACCEPTANCE OF BID FOR
LAND IN THE SAMPLE STREET REDEVELOPMENT AREA
WHEREAS, Joseph Horvath and John Horvath, doing business as a general
partnership under the firm name and style of "Aerospace Company" of
South Bend, Indiana, has submitted a written offer meeting the approved
mir'-num p ice on Disposal Parcel commonly referred to as No. 1(c -1),
Sample St eet Redevelopment Project Indiana R -7; and
WHEREAS, he South Bend Redevelopment Commission has determined that
the accep ance of this bid is in accordance with the approved disposal
program f r this area; and
WHEREAS, the South Bend Redevelopment Commission has determined that
the Aerospace Company possesses the qualifications and financial
resources to acquire and develop the land in accordance 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 negotiation
to be the appropriate method of land disposition; and
WHEREAS, the offer of 23.70 per square foot by Aerospace Company is
satisfactory and is not less than the fair market value for uses in
accordance with the Urban Renewal Plan,
NOW, THE FORE, the South Bend Redevelopment Commission accepts the
offer of he Aerospace Company to acquire at a price of 23.7 per
square foot and redevelop the designated Disposition Parcel 1(c -1)
which is known and described as follows:
Street
locate
West o
Cross
sidewa
of One
East s
inas
of Sco
-cted
S rent,
turnin
Minute
course
Sevent;
to and
by the
East s
Feet (
Ang at an existing Cross in the East sidewalk of Scott
at the intersection of Western Avenue, said Cross being
i on the South Line of Western Avenue and Five Feet (5.001)
the East Line of Scott Street; thence Southerly from said
i distance of Nine Hundred Thirty -eight and Forty -nine
iths Feet (938.491) to another existing Cross in the East
Lk of Scott Street; thence continuing Southerly a distance
Hundred Feet (100.00') to another existing Cross in the
Ldewalk of Scott Street (all these three (3) Crosses being
:raight Line and Five Feet (5.001) West of the East Line
:t Street); thence continuing Southerly along a line pro -
through the above said three (3) Crosses a distance of
r -one and Seventy -one Hundredths Feet (71.711); thence
j a deflection angle of Eighty -nine Degrees, Fifty -seven
Thirty Seconds (890 57' 30 ") right from the last described
extended and running Westerly along this Line a distance of
7-five Feet (75.001); thence Southerly on a Line parallel
Seventy -five Feet (75.001) West of the Line established
three (3) previously described existing Crosses in the
Ldewalk of Scott Street a distance d Four Hundred Seventy -
P0.001) to the point of beginning; thence continuing
-1-
Resolu
No. 63
Southerly along the last described course a distance of Twenty
Feet (20.00'); thence turning a deflection angle of Eighty -nine
Degrees, Fifty -seven Minutes, Thirty Seconds (890 57' 3011)
right from the last described course extended; thence Westerly
along this Line a distance of One Hundred Seventy Feet (170.001);
thence Northerly, parallel to the East Line of this Parcel a
distan e of Twenty Feet (20.00'); thence Easterly, parallel to
the So th Line of this Parcel a distance of One Hundred Seventy
Feet (170.001) to the point of beginning; containing 3,400
square feet, all located in South Bend, St. Joseph County, Indian,%
Adopted ait a regular meeting of the South Bend Redevelopment Commis-
sion held June 6, 1963, at the office of the Commission, 129 west
Colfax Av nue, South Bend, Indiana.
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
A ,
P e ident
S6UTH BEND REDEVELOPMENT COMMISSION
ATTEST:
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