HomeMy WebLinkAboutNo. 0026 Option Agreements (Forms no. RO 104) used for acquisition of realestate in the Sample Street Project Area INDIANA R-7for a
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after
RES O LW710mr IWO. 26
W H E R E A S , certain Option Agreements (Forms No. RO 104) used
quisition of real estate in the Sample Street Project Area (Indiana R -7)
teretofore been approved by the Redevelopment Commission, and
WHEREAS, said Option Agreements provide that owner - occupants
I estate shall pay a rental for said real estate commencing one day
he sale thereof to the City of South Bend, and
W H E R E A S, the South Bend Redevelopment Commission now desires
to brig into effect a uniform policy with respect to such rental payments by
granting all owner - occupants a rent free period of fifteen days after sale, and
WHEREAS , the South Bend Redevelopment Commission now desires
to am nd all executed Option Agreements for the Sample Street Project Area
mows,
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of its
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appro
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(SEAL)
ATTEST
ingly,
NOW, THEREFORE, on motion duly made, seconded and unani-
passed, it was
RESOLVED: That all owner - occupants of the Sample Street Project
ailing their real estate to the City of South Bend for the use and benefit
3epartment of Redevelopment, may have a fifteen (15) day rent free
of occupancy after such sale.
FURTHER RESOLVED; That the provisions of the foregoing resolu-
incorporated in all new Options and in all Option Agreements previously
ad by the South Bend Redevelopment Commissioners; and such changes
Agreements previously executed are hereby given full retroactive
ADOPTED at the regular meeting of the South Bend Redevelopment
sion held on November 3, 1960, at the office of the Commission,
st Colfax Avenue, South Bend, Indiana.
SOUTH BEND REDEVELOPMENT COMMISSION,
GOVERNING BODY OF THE CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT