HomeMy WebLinkAbout1992-09-29 Resolution 67a
:CESOLUTION NO. 67
A RESOLUTION OF THE SOUTH BEND
REDEVELOPMENT AUTHORITY APPROVING
THE TRANSFER OF REAL PROPERTY
FROM THE ST. JOSEPH COUTNY AIRPORT AtJTHORI.TY
WHEREAS,. the St. Joseph County Airport Authority is the owner of
certain real property situated in St. Joseph County, more
particularly described at attachment "A" hereto E"the Airport Land");
and
WHEREAS, the South Bend Redevelopment Authority is the owner of
certain real property situated in St. Joseph. County, more.
particularly described at attachment "B," hereto ("the Redevelopment
Land1°) ; and
WHEREAS, the South Bend Redevelopment Authority is desirous of
acquiring the. Airport Land in-order to construct afirst-class: public
play golf course on and over the combined Airport Land and
Redevelopment Land; and
WHEREAS, the St. Joseph County Airport Authority, on September
• 24, 1992, adopted Resolution 92-6 wherein it expressed its desire and
intent. to convey the Airport Land. for such purpose, in consideration
of the parties entering into an agreement for the joint operation of
the golf course, with any profits, after all expenses, including, but
not limited to operational expenses., debt service., maintenance
expenses, etc., are met, to be split by the parties on an equal
basis.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REI?EVEI,OFMENT
AUTHORITY AS FOLLOWS:
1. The South Bend Redevelopment Authority hereby approves the
conveyance of the Airport Land to the South Bend. Redevelopment
Authority in cansidera.tion of the parties. entering into- an
arrangement for the joint operation of the golf course with
management decisions to be shared by the parties hereto and with
profits therefrom to be split }aetween the parties on an equal basis.
2. The South Bernd Redevelopment Authority hereby directs. its
attorney to prepare. all necessary documents to carry out the intent
expressed herein.
3. The South Bend Redevelopment Authority hereby directs its
President to execute all documents necessary to carry out the intent
expressed herein.
Adopted at the special meeting of the South Bend Redevelopment
Commission held the 29th day of September, 1992, at 1.308 County-City
Building, South Bend., Indiana 46601.
SOUTH BEND REDEVELOPMENT AUTHORITY
J ph rablewski, President
A EST:
Donald K. Fewell, Secretary