HomeMy WebLinkAboutResolution No 18-2021 - Transfer of Real Property to City of SB Building Corporation 2021 Infrastructure ProjectRESOLUTION NO. 18-2021
A RESOLUTION OF THE CITY OF SOUTH BEND, INDIANA, BOARD OF PUBLIC
WORKS AUTHORIZING THE TRANSFER OF REAL PROPERTY TO THE SOUTH
BEND BUILDING CORPORATION
WHEREAS, the City of South Bend, Indiana, Board of Public Works (the "Board") exists
pursuant to Indiana Code Section 36-4-9-5, holds real property owned by the City of South Bend,
Indiana (the "City") pursuant to Indiana Code Section 36-9-6-3, and is authorized to transfer such
property to another governmental entity pursuant to Indiana Code Section 36-1-11-8; and
WHEREAS, the Common Council (the “Council”) of the City has given consideration to
the financing and refinancing of all or a portion of the costs of (1) repairing or reconstructing all
or any portion of the City streets listed at Exhibit A attached hereto which will consist of all or any
of the following activities: full-depth reconstruction, mill and overlay, microsurfacing and crack
sealing, and spot repairs of brick streets in historic neighborhoods (collectively, the “Street
Projects”) and (2) completing certain improvements as more fully described at Exhibit B attached
hereto (collectively, the “Infrastructure Projects”) (clauses (1) and (2), collectively, the “Projects”)
in the City; and
WHEREAS, the City of South Bend Building Corporation (the "Building Corporation")
has heretofore been incorporated as a nonprofit corporation for the sole purpose of serving as an
“on behalf of issuer” for federal income tax purposes to assist the City in financing public
improvements; and
WHEREAS, the Street Projects will include improvements to certain real property in the
City which the Board owns acting for and on behalf of the City and which is generally described
at Exhibit C (the "Property"); and
WHEREAS, following a public hearing, the Council adopted an ordinance at a meeting
held on March 22, 2021, which ordinance approved a form of lease with the Building Corporation
pursuant to which the Building Corporation will lease to the City the Property and the City will
pay rentals to the Building Corporation which the Building Corporation will use to pay the
principal of and interest on bonds to be issued by it for the purpose of financing the costs of
acquiring the Property and paying for the costs of the Projects and costs related thereto; and
WHEREAS, the Building Corporation desires to acquire an interest in the Property for the
purpose of leasing the Property pursuant to the terms of the Lease and has adopted a resolution
substantially identical to this Resolution agreeing to accept the transfer of the Property; and
WHEREAS, the City, as the owner of the Property, seeks and concurs in the transfer of an
interest in the Property to the Building Corporation for a purchase price equal to $8,600,000, and
the Board desires to approve such transfer;
2
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF SOUTH BEND,
INDIANA, BOARD OF PUBLIC WORKS AS FOLLOWS:
1.The Board hereby approves of the conveyance of the Property to the Building
Corporation in accordance with Indiana Code 36-1-11-8 at a purchase price equal to $8,600,000
(the “Purchase Price”). Following the issuance of the Bonds by the Building Corporation and upon
receipt of cash in an amount not less than the amount of the Purchase Price, the President of the
Board (the “President”) is authorized and directed, in the name of the City, to execute and deliver
a quit claim deed conveying title to the Property to the Building Corporation.
2.The Board authorizes such other actions as may be necessary to effect the recording
of the Deed in the Office of the Recorder of St. Joseph County, Indiana, and further authorizes the
execution of such other documents and any other actions which may be necessary to effectuate the
transfer of the Property to the Building Corporation.
3. This resolution will be in full force and effect upon its adoption by the Board.
ADOPTED at a meeting of the City of South Bend, Indiana, Board of Public Works held
on April 6, 2021, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
Elizabeth A. Maradik, President
Gary A. Gilot, Member
Jordan V. Gathers, Member
Joseph R. Molnar, Member
A-1
EXHIBIT A
Year Street Name To From Lane
Miles
PASER
2021 30th St Jefferson Blvd RR Tracks 0.31 3
2021 Adams St Liston St Orange St 0.26 3
2021 Adams St Humboldt St Elwood Ave 0.51 4
2021 Adams St Lincolnway Vassar Ave 0.58 4
2021 Allen St Oak Lincolnway 0.39 3
2021 Altgeld St York Rd Ironwood Dr 1.23 3
2021 Arthur St Sorin St Chalfant St 0.26 3
2021 Bendix Dr Western Ave Huron St 0.31 3
2021 Bent Oak Ln Oakwood Park Dr Oakbrook Dr 0.13 3
2021 Birner St Allen St Blaine Ave 0.13 4
2021 Blaine Ave LaPorte Ave Lincolnway 0.43 3
2021 Boston Dr Linden Ave Jamestown Ct 0.27 3
2021 Bowman St Miami St Leer St 0.57 3
2021 Broadway Marine St Haney Ave 0.12 3
2021 Broadway St High St Miami St 0.45 3
2021 Bronson St Michigan St St. Joseph St 0.27 3
2021 Bronson St Main St Lafayette Blvd 0.25 3
2021 Bulla St. Medora St. Wilber St. 0.11 3
2021 Burnett Dr Ireland Rd S Burnett Dr 1.06 3
2021 Calvert St High St Miami St 0.56 2
2021 Calvert St Walnut St Morris St 0.12 3
2021 Catalpa St Sample St Kerr St 0.16 3
2021 Chicago St Lincolnway Cul-De-Sac 0.34 3
2021 Coquillard Dr Jefferson Blvd Colfax Ave 0.76 3
2021 Cottage Grove Ave Alley Oak St 0.08 3
2021 Dale Ave Ewing Ave Calvert St 0.49 3
2021 Danbury Dr Gotham Dr Berkshire Dr 0.61 3
2021 Dayton St Caroline St Robinson St 0.22 3
2021 Delbert Ct Caroline St Eldora Ct 0.09 3
2021 Dogwood Dr Sylvan Ln Parkway St 0.35 3
2021 Dubail Ave Olive St Grant St 0.53 3
2021 Dundee St Ford St Dunham St 0.31 3
2021 Dunham St Dead End Jackson St 0.62 3
2021 Eagle Cove Dr Park South Blvd Copperfield Dr 0.20 4
2021 Eastview Ln Western Ave Southview Ln 0.15 3
2021 Eckman St Main St Dead End 0.24 4
2021 Eldora Ct Lincolnway Delbert Ct 0.11 3
2021 Erskine Manor Hill Dr Erskine Ct Honan Dr 0.19 3
2021 Ewing S High St S Dale Ave 0.44 3
2021 Fairfax Ct Cul-De-Sac Cul-De-Sac 0.21 4
2021 Fairview Ave Dale Ave Miami St 0.21 3
A-2
2021 Farneman Ave Michigan St Main St 0.20 3
2021 Fellows St Donmoyer Ave Tasher St 0.32 3
2021 Fox St Miami St Leer St 0.57 3
2021 Fulton Ct LaSalle Ave (Dead End) 0.05 2
2021 Galway Ct Galway Dr Cul-De-Sac 0.08 4
2021 Garden Oak Dr (Dead End) Brick Rd 1.09 1
2021 Garfield Ct Washington St Dead End 0.10 3
2021 Garland Cir York Rd Cul-De-Sac 0.22 4
2021 Georgian Ct Cotswold Ln Cul-De-Sac 0.11 3
2021 Gladstone St Sample St. Silver Ln. 0.25 3
2021 Glen St Ewing Ave Dead End 0.22 3
2021 Goodland Ave W Elwood Ave Alley 0.07 3
2021 Gotham Dr Riding Mall Berkshire Dr 0.73 2
2021 Grove St Dead End Canterbury Dr 0.20 3
2021 Hamilton Ct Cul-De-Sac Thornhill Dr 0.05 3
2021 Hancock St S Arnold St Western Ave 0.22 2
2021 Harrington Dr E Edison Rd Dead End 0.21 3
2021 Harrison Ave W Fuerbringer St W Lincolnway 0.40 3
2021 Harrow Dr Garway Common St Regent Ct 0.64 3
2021 Hawthorne Dr E Colfax Ave E McKinley Ave 0.36 3
2021 High St Wenger St Sample St 0.44 3
2021 High St Woodside St Irvington St 0.36 3
2021 Highland Ave Olive St Carlisle St 0.30 3
2021 Hine St Walnut St Studebaker St 0.14 3
2021 Huey St W Frederickson St W Lincolnway 0.36 3
2021 Humphrey Ct Sample St Dead End 0.20 3
2021 Huron St Kaley St Liberty St 0.29 3
2021 Indiana Ave Michigan St High St 1.60 4
2021 Irvington Dr S Locust Rd Emerson Forest Pkwy 0.54 1
2021 Irvington St Woodmont Dr Dead End 0.07 3
2021 Jackson St Orange St Linden Ave 0.12 3
2021 Jacob St Cedar St Campeau 0.67 2
2021 Jefferson Blvd Cherry St S Walnut St 0.29 1
2021 Jennings St Michigan St St. Joseph St 0.39 3
2021 Kalorama St Hill St Turnock St 0.19 3
2021 Keller St Olive St. Meade St. 0.23 3
2021 Kentucky St Western Ave Ford St 0.61 3
2021 Kessler Blvd Kessler Pl Woodlawn Blvd 0.70 4
2021 Kindig Dr Cambridge Dr Fairfax Dr 0.25 2
2021 King St Kessler Blvd Portage Ave 0.24 3
2021 Kinyon St Portage Ave Wilber St 0.35 3
2021 LaMonte Terr Forest Ave Park Ave 0.28 2
2021 Liberty St W Washington St W Western Ave 0.54 3
2021 Liberty St Western Ave. Ford St. 0.60 3
2021 Liberty St W Western Ave Ford St 0.61 3
A-3
2021 Lindsey Ave Portage Ave Blaine Ave 1.27 3
2021 Longley Ave College St Johnson St 0.30 3
2021 Manitou Pl Forest Ave Park Ave 0.38 2
2021 Marquette Ave Lafayette Blvd Wakewa Ave 0.33 3
2021 McKinley Ave Walsh St Rockne Dr 0.08 3
2021 McPherson St Thomas St Western Ave 0.40 3
2021 Meade St Napier St Western Ave 0.17 3
2021 Milton St Dale Ave Miami St 0.17 3
2021 Milton St Miami St Mumford Ct 0.23 3
2021 Napier St Walnut St Chestnut St 0.19 3
2021 Nursery Ct 28th St 30th St 0.17 3
2021 Ohio St Michigan St Fellows St 0.57 3
2021 Park Ave Navarre Ave Riverside Dr 0.80 2
2021 Patty Ln Corby Blvd Bentley Ln 0.42 3
2021 Poland St Tade Ct S Harris St 0.22 2
2021 Portage Ct Portage Ave Ashland Ave 0.06 2
2021 Raleigh Dr Cambridge Dr Berkshire Dr 0.55 3
2021 Rexford Dr Dead End Hickory Rd 1.19 3
2021 Ridgedale Rd York Rd Woodmont Dr 1.41 3
2021 Ridgewood Cir Cul-De-Sac Rosemary Ln 0.30 3
2021 Roelke Dr Abshire Dr Cul-De-Sac 0.27 3
2021 Rose St Maple Ln Crestwood Blvd 1.28 3
2021 Sample St Chapin St Arnold St 1.28 4
2021 Sherman Ave Lincolnway Vassar Ave 1.32 3
2021 Southview Ln Eastview Ln Westview Ln 0.16 3
2021 St. Vincent St Notre Dame Ave Frances St 0.16 3
2021 Sunnyside Ave Jefferson Blvd Colfax Ave 0.34 3
2021 Sunnyside Ave Washington St Jefferson Blvd 0.17 3
2021 Sylvan Ln Scenic Dr Sample St 0.54 3
2021 Tasher St Michigan St Main St 0.19 3
2021 Taylor St Washington St Colfax Ave 0.18 3
2021 Trenton Dr Linden Ave Cul-De-Sac 0.12 3
2021 Wakewa Ave Hillcrest Rd Iroquois St 0.90 3
2021 Wall St Ironwood Dr 31st St 1.42 3
2021 Wall St 30th St. Logan St. 0.85 3
2021 Walsh St LaSalle Ave Cedar St 0.36 3
2021 Walter St Michigan St Main St 0.12 3
2021 Webster St Indiana Ave Prairie Ave 0.20 3
2021 Williamsburg Ct Boston Dr Cul-De-Sac 0.14 3
2021 Woodmont Dr Ridgedale Rd Brookmeade Dr 0.81 3
B-1
EXHIBIT B
NEIGHBORHOOD INFRASTRUCTURE PROJECTS
Twyckenham Drive / Longfellow Avenue & South Street – Realignment of Longfellow
Avenue to Twyckenham Drive to promote pedestrian safety at the intersection by reducing
the crossing distance at the intersection. The project will include: new curb and sidewalks,
street trees and lighting.
Riverside Drive / California / Leland Avenue – Intersection safety improvements through
the reduction of unnecessary pavement and clarification of vehicular lanes. The project will
include: new curb and sidewalks, street trees, lighting and traffic signage.
Oakwood Blvd / Beverly Place – Intersection safety improvements through the reduction of
unnecessary pavement and clarification of vehicular lanes with the realignment of Beverly
Place. The project will include: curb extensions and sidewalks, street trees and lighting.
Ford Street / Walnut Street – Existing intersection offset creates vehicular/pedestrian
conflicts and safety issues. The project will include: new curb and sidewalks, street trees,
guardrail and lighting.
C-1
EXHIBIT C
PROPERTY DESCRIPTION
Street Name To From Lane Miles
E Indiana Ave Michigan St High St 1.60
E Wall St Ironwood Dr 31st St 1.42
E Ridgedale Rd York Rd Woodmont Dr 1.41
Sherman Ave N Lincolnway Vassar Ave 1.32
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