HomeMy WebLinkAboutNo. 0045 approving the proposed sale of the north part of disposition Parcel 1, Sample Street Redevelopment Project INDIANA R-7 by advertising said realty/soliciting written bidsRESOLUTION NO. 45
ION OF THE SOUTH BEND REDEVELOPMENT COMMISSION, GOVERNING BODY
OF T4 CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT APPROVING THE
ED SALE OF THE NORTH PART OF DISPOSITION PARCEL 1 IN THE SAMPLE
STREET' REDEVELOPMENT PROJECT, INDIANA R -7 BY ADVERTISING SAID REALTY
AND SOLICITING WRITTEN BIDS.
WHEREAS, land constituting the North Part of Disposition Parcel
1 of the Sample Street Project No. Indiana R -7 has been acquired for
the u e and benefit of its Department of Redevelopment; and
WHEREAS, the South Bend Redevelopment Commission is of the
opini n that this land should be offered for sale as promptly as possi-
ble s ject to the requirements of the Redevelopment Plan; and
WHEREAS, the South Bend Redevelopment Commission is of the
opini n that proposed sale at this time would be both timely and to
the b st interests of the community;
Commi:
1.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Sion as follows:
(a) That the proposed real estate offered for sale is fully
described in the Offering Sheet, which Offering Sheet is
ordered attached heretb as Exhibit A and made a part of
this resolution. That the teal estate to be sold at this
time should be the real estate known as the North Part of
Disposition Parcel 1 as shown on the map prepared by
Chas. W. Cole & Son, Engineers which map is ordered attached
to this resolution and marked Exhibit B,.•.
(b) That the said real estate be disposed in accordance with
Section 48 -8559, Burns Annotated Indiana Statutes which
provides in substance that the tract of land will be ad-
vertised at least one time in two newspapers of general
circulation in South Bend, Indiana. Specifically the
date of publication is to be July 13, 1962. Written
bids are to be publicly opened and announced at a special
meeting of the Redevelopment Commission to be held on
September 20, 1962 at 11:00 A.M. C.D.T. at the office
of the South Bend Redevelopment Commission at 129 West
Colfax Avenue in South Bend, Indiana. That in all res-
pects the proposed disposal procedure follow the Statutes
of the State of Indiana.
(c) That the proposed minimum disposal price shall be not less
than 23.7 per square foot, which price is not less than
the fair value of the land for use in accordance with the
Urban Renewal Plan and is equal to the average of the three
appraisals made of the fair value of said land.
(d) That no disposition of this land be made by public auction.
Adopted at the sWial meeting of the South Bend Redevelopment
Commission held on May 31, 1962, at the office of the Commission, 129
W. Colfax Avenue, South Bend, Indiana
(Seal)
ATTEST:
Secreta
— 3'ames^G. Lbuls, President
South Bend Redevelopment Commission
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