HomeMy WebLinkAbout1993-08-05 Resolution 81R,ESCLUTION NO, 81
ARESOb?3TION OF THE SOUTH BEND REDE~JELOPMENT
At,TT3?ORITY ~iPFROVING AND ACCEPTiN~ 'T'RANSFER GF REAL
PROPERTY FROM T~iE STATE flF INDIANA
WHEREAS, the State of Indiana thereinafter the "State") is the
owner of a parcel of real property, situated in St. Joseph
County, 3ndiana, and being more particularly described as
follows
A part of the west Half of the Southeast Quarter of
Section 19, Township 38 North, Range 2 East., St.
Joseph:County, Indiana, described as follows:
Beginning on the .west line of said quarter:section
idorth 0 degrees 57 minutes 33 seconds West 1,176,34
feet from the southwest:corner of said quarter
section; thence North 0 degrees 57 minutes 33
seconds West 1,455.42 feet. along said west line to
the northwest corner of said quarter section;
thence North 89 degrees 39 minutes 30 seconds East
647.48 feet along the north line of said quarter
section to the west boundary of U.S. 31 Bypass;
thence South 2 degrees 38 minutes 37 seconds East
904.90 feet (.903..33 feet by Cause No, F-2917 of the
St, Joseph County Circuit Court) along the boundary
of said U.S. 31 Bypass; thence South O degrees 17
minutes. 00 seconds East 27.9.50 feet along said
boundary; thence South 89 degrees 43 minutes 00
seconds west'16g.00 feet .along said boundary;
thence 'North 8~ degrees 5Q minutes 29 seconds West
193.31 feet along said boundary; thence South. 38
degrees 43 minutes 26 seconds West 349.13 feet
along-said boundary; thence South 89 degrees 43
minutes 00 seconds West 88,69 feet to the point of
beginning and containing 19.260 .acres, more or
less,
Thereinafter referred to as the "Real Property"}; and
~~IHEREAV,r~~ntal entit8iesrby~adopt~ontof substantiallyeidenticalLy
bets een go e
resolutions; and
WHEREAS, pursuant to I.C. 36-7-14.5-12(a)(5) and (4), the
Redevelopment Authority may acquire and hold real property needed or
considered useful in conneetior. with local public improvements; and
_ WHEREAS, pursuant'to I.C. 5-18-1-1, I.C. $-15-2-2 and I.C. 8-23-2-6
• the State is authorized to acquire and dispose of real property; and
WHEREAS, the State is desirous of transferring title to the Rthe
Property to the South Bend Redevelopment Authority (hereinafter,
"Redevelopment Authority") so that the same may be utilized for the
construction of Nimtz'Parkway; and
WHEREAS, the Redevelopment Authorito allowsforuthefconstructionhof
Real Property from the State in order
Nimtz Parkway; and.
WHEREAS, the State has proposed a purchase price of Three Hundred
Eighty-seven Thousand Dollars ($387,000.00) to be paid by the Authority
for the Real Estate, which purchase price is reasonably related to
independent appraisals of the Real Estate procured by the State and the
costs incurred by the State in acquiring the Real Estate; and
by Resolution No. 33, adopted March 8, ,
WHEREAS, 1991 the
Redevelopment Authority has elected to abide by the provisions of I.C.
36-1-11-8 with regaxd to the transfer by or to it of real property to
or from another governmental entity; and
WHEREAS, the State has ar will issue an Order of Commissioner
substantially identical to this Resolution to effectuate the transfer
of the Real Estate from .the State to the Redevelopment Authority.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND g,EDEVELOFMENT
AUTHORITY AS FOLLOWS:
s, That in consideration of the conveyance by the State of Indiana
of the following described real property situated in St. Joseph County:
A part of the West Half of the Southeast quarter of Section 19,
Township. 38 North, Range ~ East, St. Joseph Ccunty, Indiana,.
described as follows: Beginning on the west line of said
quarter section North fl degrees 57 minutes 33 seconds West
1,176,34 feet from the southwest corner of said quarter
section; thence North 0 degrees 57 minutes 33 seconds West
1,45.5..42 feet along .said west line. to the northwest corner of
said quartex section; thence North 89 degrees 39 minutes 3fl
seconds East 647.48 feet along the.. north line of said. quarter
section to the-west boundary of U,S. 31 Bypass.; thence South ~
degrees 38 minutes 37 seconds East 904.90 feet (903.33 feet by
Cause No. F-2917 of the St. Jcseph County Circuit Court) along
the boundary of said U.S. 31 Bypass; thence. South 0 degrees 17
minutes flfl seconds East 279.50 feet along said boundary; thence
South 89 degrees 43 minutes OO seconds West 169.00 feet along
said boundary; thence North 89 degrees 50 minutes 29 seconds
West 193.31 feet along said boundary; thence youth 38 degrees
fl3 minutes 26 seconds West.. 349.13. feet along said boundary;
thence South 89 degrees 43 minutes Ofl seconds West 88,69 feet
to the point of beginning and containing 19.260 acres, more or
less,
the South Bend Redevelopment Authority hereby agrees to pay to the.
State the sum of Three Hundred Eighty-seven Thousand Dollars
(~387,OOO,JO), ;~lhich sum the Authority hereby determines to be
reasonable.
2, That the purchase price of Three Hundred Eighty-seven Thousand
Dollars ($387,flfl0.fl0)'shall be paid by the Authority to the State as
follows: Two Hundred Eighty-seven Thousand Dollars L$287,000.00) of
said sum shall be paid by the Authority to the State upen conveyance of
the Real Estate to the .Authority. Ra~-ment of the remaining One Hundred
Thousand Dollars ($1flQ,Ofl0.Ofl) shall. be due and payable at a future
date upon such terms and conditions as are mutually agreed upon by the
Authority and State.
3. That the transfer of the Real Estate as described herein shall
be, and hereby is, approved and accepted..
4. That this Resolution shall be in full force and effect from
and after its adoption.
Adopted at the regular meeting of the South Bend Redevelopment
Authority held August'S, 1993, at 4:30 p.m., 12fl0 County-City Building,
South Bend, IN 46601
SOUTH BE`~3D B.EDEVELOPNiEN'sT' AUTHORITY
W
;; eph rablewski, president
ATT T:
Donald ~'ewe11, Secretary
~tESO~ €'`3INlTZ