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HomeMy WebLinkAbout6B1 Consent to Easement (Fire Arts) Redevelopment Commission Agenda Item DATE: April 6, 2021 FROM: Santiago Garces, Executive Director SUBJECT: Consent to I&M Easement - Fire Arts, Inc. Property Funding Source* (circle one) River West; River East; South Side; Douglas Road; West Washington; RDC General *Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. Purpose of Request: Consent to an easement for the benefit of AEP Indiana Michigan Transmission Company, Inc. at a portion of the Fire Arts, Inc. property located at 216 Sycamore on the northernmost edge of the property line. Specifics: We are requesting conditional approval of a consent to an easement through the parking lot of property located at 216 Sycamore. The Commission transferred the property to Fire Arts, Inc. on January 3, 2012, keeping a reversionary interest through January 3, 2037. The property will revert to the Commission if the property is no longer used as a not-for-profit fine arts studio and gallery, and no portion of the property may be transferred during the reversionary period. In order to facilitate the I&M transmission line to the hydroelectric project being constructed by the University of Notre Dame and improve the reliability of the power grid by interconnecting two substations (Muessel and Colfax), I&M requested this easement. In consultation with the City's Planning and Engineering teams, we ask that the Commission consent to an easement of no greater than 20' from the northernmost boundary of the parking area behind the structure. We are waiting for a final survey drawing from I&M reflecting the 20' easement area in order to complete the document. INTERNAL USE ONLY: Project ID: PROJ ; Total Amount – New Project Budget Appropriation $_______________; Total Amount – Existing Project Budget Change (increase or decrease) $_______________; Funding Limits: Engineering: $_____________________; Other Prof Serv Amt $_______________; Acquisition of Land/Bldg (circle one) Amt: $___________; Street Const Amt $________________; Building Imp Amt $_________; Sewers Amt $_________; Other (specify) Amt $ ________________ _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Page 1 of 4 State Parcel No. Ref.: 71-08-12-129-007.000-026 County Parcel No. Ref.: 018-5003-0048 CONSENT TO EASEMENT This Consent to Easement (“Consent”) is entered into as of the last date set forth below, by and between: “AEP” AEP Indiana Michigan Transmission Company, Inc. “City” The City of South Bend, for the Use and Benefit of its Department of Redevelopment RECITALS A. WHEREAS, Fire Arts, Inc. (“Fire Arts”) is the owner of real property described in a certain Corporate Warranty Deed (the “Property”), said Corporate Warranty Deed dated January 3, 2012, and recorded on January 3, 2012 as Document Number 1200104 with the St. Joseph County Recorder (the “Deed”); B. WHEREAS, the City has an interest in the Property pursuant to the covenants, conditions, and restrictions set forth in the Deed and a certain Purchase Agreement referenced and incorporated therein, dated August 26, 2009, and recorded on December 19, 2011 as Document Number 1133865 with the St. Joseph County Recorder (the “City’s Interest”); C. WHEREAS, AEP desires to acquire an easement on the Property, and AEP and the City acknowledge that Fire Arts desires to grant an easement to AEP; D. WHEREAS, the City desires to provide its written consent for Fire Arts to transfer and/or convey an easement to AEP. Page 2 of 4 CONSENT The parties agree that the foregoing Recitals are material terms of this Consent and are expressly incorporated herein and further agree as follows: 1.0 Consent In consideration of TEN DOLLARS ($10.00) and other good and valuable consideration, the City hereby consents to the granting to AEP by Fire Arts of an easement to encumber the Property. The location, size, and specifications of such easement is attached hereto as Exhibit “A.”. 2.0 Consent to be Recorded AEP and the City agree that, upon execution, this Consent shall be recorded in the real property records of St. Joseph County, Indiana at AEP's sole cost and expense. 3.0 Waiver The City does not waive any other rights or provide any consent to the reduction of its interest in the Property, except as expressly set forth herein. Any remaining space on this page left intentionally blank. See next page for signatures. Page 3 of 4 CITY Date: _________________ _____________________________________________ The City of South Bend, for the Use and Benefit of its Department of Redevelopment, by the South Bend Redevelopment Commission By: ___________________________________ Marcia I. Jones, President Attest: ___________________________________ Quentin M. Phillips, Secretary State of Indiana § § County of St. Joseph § This instrument was acknowledged before me on this ______ day of _________________, 2021 by Marcia I. Jones, President and Quentin M. Phillips, Secretary, of The South Bend Redevelopment Commission, as the governing body of the City of South Bend, Indiana Department of Redevelopment, being authorized so to do., _________________________ Notary Public Print Name:________________ My Commission Expires:___________ I am a resident of ______ County, ______ Acting in the County of ___________, ____ (State) Page 4 of 4 AEP Date: _________________ ______________________________________________ AEP Indiana Michigan Transmission Company, Inc. By: ___________________________________ Its: ___________________________________ State of _______________ § § County of _____________ § This instrument was acknowledged before me on this ______ day of ______________, 20____ by _________________________________, for and on behalf of AEP Indiana Michigan Transmission Company, Inc. _________________________ Notary Public Print Name:________________ My Commission Expires:___________ I am a resident of ______ County, ______ Acting in the County of ___________, ____ (State) I affirm, under penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law. /s/ Calvert S. Miller This instrument prepared by Calvert S. Miller, CARSON LLP, 301 West Jefferson Blvd., Suite 200, Fort Wayne, IN 46802, for and on behalf of AEP Indiana Michigan Transmission Company, Inc., a unit of American Electric Power. When recorded return to: American Electric Power - Transmission Right of Way, PO Box 60, Fort Wayne, IN 46801