HomeMy WebLinkAbout6B(4)(, P �C4)
RESOLUTION NO. 3071
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
AUTHORIZING THE DIRECTOR OF REDEVELOPMENT TO APPROVE AND
CEC TE DOCUMENTS ON BEHALF OF THE CITY OF SOUTH BEND, INDIANA,
DEPARTMENT OF REDEVELOPMENTRELATED TO THE EXERCISE OF
JRC ASE OPTIONSIN THE BLACKTHORN CORPORATE OFFICE PARK AREA
WHEREAS, the South Bend Redevelopment Commission (the "Commission ") is the
governing body of the City of South Bend Department of Redevelopment (the "Department ")
established under the Redevelopment of Cities and Towns Act of 1953, as amended, being
Indiana Code § 36- 7 -14 -1 et seq. (the "Act "); and
WHEREAS, the Commission is the owner certain parcels (the "Parcels ") located in and
around the Blackthorn Corporate Office Park ( "Blackthorn ") and the Commission has approved
and entered into an Option Contract (the "Agreement ") with Cressy and Everett Commercial
Company ( "Cressy "); and
HEREAS, the Agreement provides that Cressy has the option to purchase one or more
Parcels i1pon the terms and conditions set forth in the Agreement; and
HEREAS, in order to respond to development proposals made by third parties to
Cressy, t e Commission may be required to execute certain documents on short notice; and
WHEREAS, in order to provide the response time required by Cressy, the Commission
desires to expressly authorize the Director of Redevelopment for the Commission to approve and
execute such documents as necessary, including deeds and closing documents, to provide for the
transfer of a Parcel or Parcels to Cressy pursuant to the Agreement;
for the
OW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
"LOPMENT COMMISSION AS FOLLOWS:
1. The Director of Redevelopment of the Commission, Donald E. Inks, or his
(the "Director ") is hereby authorized to approve and execute, on behalf of the
>n, such documents as necessary, including deeds and closing documents, to provide
.sfer of a Parcel or Parcels to Cressy pursuant to the Agreement.
2. All such documents approved and executed by the Director shall be reported to
the Com ission within a reasonable time following the execution of such documents.
3 The authority granted under this Resolution shall continue in effect so long as the
ie t remains in force or until sooner revoked by the Commission.
4.1 This Resolution shall be in full force and effect after its adoption.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on August
30, 2012, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
Signature
Printed Name ana Title
South Bend Redevelopment Commission
ATTEST:
Signature
South
Redevelopment Commission
0a