HomeMy WebLinkAboutNo. 3071 authorizing the Director of Redevelopment to approve/execute documents on behalf of the COSB, Indiana, Dept. of Redevelopment related to the exercise of purchase options in the Blackthorn Corporate Office Park AreaL*1
RESOLUTION NO. 3071
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
AUTHORIZING THE DIRECTOR OF REDEVELOPMENT TO APPROVE AND
EXECUTE DOCUMENTS ON BEHALF OF THE CITY OF SOUTH BEND, INDIANA,
DEPARTMENT OF REDEVELOPMENTRELATED TO THE EXERCISE OF
PURCHASE 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
WHEREAS, the Agreement provides that Cressy has the option to purchase one or more
Parcels upon the terms and conditions set forth in the Agreement; and
WHEREAS, in order to respond to development proposals made by third parties to
Cressy, the 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;
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT COMMISSION AS FOLLOWS:
1. The Director of Redevelopment of the Commission, Donald E. Inks, or his
successor (the "Director ") is hereby authorized to approve and execute, on behalf of the
Commission, 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.
2. All such documents approved and executed by the Director shall be reported to
the Commission 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
Agreement remains in force or until sooner revoked by the Commission.
4. 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
ignatare
Marcia I. Jones, esident
Printed Name and Title
South Bend Redevelopment Commission
ATTEST:
ig W&rel
Donald Alford, Sr., Secretary
Printed Name and Title
South Bend Redevelopment Commission
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