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HomeMy WebLinkAbout#1499- Deed; WARRANTY DEED - 537 haneyWARRANT:DEED 537 Haney Sc)[ L Fo Cat P-Obj5CA, 1M PEED TO: &'/'o ova - MAIL. TAX BIL_L.S TO: COPYRIGHT ■T. J0.4H COUNTY, INDIANA ■AR A/SOCI ATION rRor"tTY ,ORM 103 — 1074 '9,53 J THE CITY OF SOUTH BEND, INDIANA, the Grantor Release and Quit -Claim to GARY C. PETERSON the Grantee for and in consideration of ONE HUNDRED DOLLARS ($10 0 . 0 0 ) AUDITOR'S RECORD Transfer No. la J Taxing Unit �7 Date rr,y .h L. and other valuable consideration the receipt of which is hereby acknowledged, Real Estate in St. Joseph County, in the State of Indiana , described as follows: Key No.: 18-7014-0569 LOT 246 EX 66 FT N END WENGER & KREIGHBAUMS 3RD This conveyance is made so long as the lot is not used as a building site for purposes of a new, single-family construction site. Y L d"9 v:J Cl'7 DULY ENTERED POP, TAXATIOIj F. � u- AI.l,)lIOR `" 'L ST. JOSEPH CO. INDIANA Signed and dated on CIT OUTH B N , III � 1 State of St. - Joseph County, ss: Before me, the undersigned, a Notary Public in and for said County and State, personally appeared: Joseph E. Kernanr Mayor, and Gammon, City Clerk, 4co-L4ej (city of South Bend, Indiana ,.�� Cam' �• � �_ t 1 le. �4aclza�Y�ldged the execution of the foregoing deed on Notary Public r'�(•-•T�;\.`Kett •J Joseph E. Kernazi;t,;M'{ir Typed or printed name-:� • irJ:�� ATTEST: a Signature Irene k. Gammon, Ci Typed or printed name .,...y,:,;;.•K, Signature or printed name I ISignatureTyped or printed name My commission expires �`� �`f`'uz fIrATT Oil' Typed or printed name i F. Si Prepared by ount -Cit Bld e, AtlorneyatLaw South Bend, Indiana, 46601 Telephone: (219) 235-9241 9532735 (!CT 40 PH '95 Mail To: City of South Bend, Indiana/Board of Public Works Room 1308 County/City Building South Bend, In. 46601 921 10Z WARRANTY DEED s � f ljo-- AUDITOR'S RECORD Transfer No.'-. 0-3C Taxing Unit, Date BOARD OF COMMISSIONERS, St. Joseph County the Grantor Convey and Warrant to City of South"Bend.,fIndiana/Board of Public Works the Grantee for ONE ($1.00) DOLLAR and other consideration the receipt of which is hereby acknowledged, Real Estate in ST. JOSEPH County in the State of INDIANA described as follows: (42. 1 KEY #: 18-7014-0569 :ems LOT 246 EX 66 FT N END rti WENGER & KREIGHBAUMS 3RD Subject to restrictions and easements of record. Subject to all taxes, and assessements. Signed and dated on State of INDIANA, ST. JOSEPH_ County, ss: � I ! (51 Signature Before me, the undersigned, a Notary Public in and for said County and State, personally appeared: RICHARD L. LARRISON, PRESIDENT RICHARD D. JASINSKI, VICE PRESIDENT JOSEPH D. ZAPPIA, MEMBER and acknowledged the execution of the foregoing deed on � ) C. v-1-1 /I--,11,`Notary Public Signature Dorothy L. Wayne, Notary Public My Typed or printed My ccrrnission expires Prepared by Anthony M. Zappia RICHARD L. LARRISON (PRESIDENT) Typed or printed name Signature RICHARD D. JASINSKI VICE PRESIDENT Typed or printed name Signat JOSEPH D. ZAPPIA MEMBER Typed or printed name Attorney at Law 921.77,02 s7. .:,:; ! U'. FUE '- Ft GARY, C. PETERSON `12-B4.. 1657 P: O: BOX.309 NORTH -LIBERTY, IND 46554 71-1212/712 PAY TO THE - - y ORDER OF -; �.� - .•,y _ i • .. DOLLA �• RS - Z ank® PU.9DR,Bp� -SOUTH BEND, IMOUNA TWA AM 7 1 2 L 2 1 28i: 1 1 7 L0 q�il �J�•. 18-5 7 RECEIPT DATE -7/ ZQ —19 / 5- NO. 7602 ® RECEIVED FROM A ORES � d� ��� DOLLARS $ „rest - a FORcc .. ACCOUNT HOW PAID En AMT.OF ACCOUNT 14 CASH AMT. PAID CHECK BALANCE MONEY By ORDER 1rf v i f .�f+l ;fir 1Vl ..'YSA :Cry' •J':f s'.Y ;i} a,' WHEREAS, the Board of Public Works of the City of South Bend, Indiana, has compiled a current detailed inventory of all real property owned by the City of South Bend; and WHEREAS, the Board of Public Works has reviewed said inventory of real property and it finds that a certain parcel of real estate now owned by the City of South Bend is not necessary to the public use and is not set aside by State and City laws for public purposes; and WHEREAS, the Board of Public Works finds that the property described below has an assessed valuation of less than $2,000.00, that the cost of maintaining said parcel equals or exceeds the estimated fair market value of the parcel, and that the highest and best use of the parcel is sale to an abutting landowner. WHEREAS, the Board of Public Works now wishes to take the necessary action to make it possible for the Board, in the future, to sell said parcel of real estate pursuant to State statutes. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana: 1. That the parcel of real estate owned by the City contained in the following list is not necessary to the public use, is not set aside by State or City laws for public purposes, that the cost of maintaining said parcel equals or exceeds the estimated fair market value of said parcel and the highest and best use of said parcel is sale to an abutting landowner: ADDRESS DEED NO. 537 East Haney 1499 Key No. 15-7014-0569 Lot 246 EX 66 Ft N End Wenger & Kreighbaum 3rd ADOPTED this 19th day of June, 1995. BOARD F : �• i� • = amWCalwe mber �,xiny�Pittat�ier, Member TEST: Angela . Jacob, erk UOUGEAS 1, f!A1tVil�.r-z,r , zir City of South Bend Joscph E. Kernan, Mayor Board of Public Works June 21, 1995 Mr. Gary C. Peterson Post Office Box 309 North Liberty, Indiana 46554 RE: Purchase of City -Owned Property: 537 East Haney Dear Mr. Peterson: This is to advise you that the Board of Public Works, at its meeting held June 19, 1995, accepted your bid of $100.00 for the purchase of the above referred to City -owned property. The City Attorney's office will prepare the appropriate Purchase Agreement for this property and I will forward the Agreement to you for your signature as soon as I receive it. After the Board approves and signs the Purchase Agreement, I will send you a completely executed copy for your files. You may then submit a check to the Board, made payable to the City of South Bend, in the amount of $114.00 which is $100.00 for the property plus $14.00 to cover the fees required of the Auditor's Office and the Recorder's Office for the recording of the Quit Claim Deed for this property. If you have any further questions regarding this matter, please do not hesitate to contact this office, Sincerely, Angela K. Jacob Clerk c: Anne Bruneel, Assistant City Attorney 13l1M County -City 13ui1ding - South Bend. lndiur.a 4(6eol- 211)/235-9412 - TnD (,21k)) 235-556-7 John E. Leszczynski James R. Caldwell Jenny Pitts Manier Comments on MarketDala Comparable #1 is located in another area than subject, #2 and, #3 ire all lczcated wir.i�_ one mile of subject. Comments and Conditions of Appraisal: Subject property is relatively small for devel oonment but t would be.a good addition to adiacent)ropertv. Final R,,conciliation: It would appear subject is more closely related to #2 and #3. I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PROPEnTv AS OF }gy-�L to In. 11MUCat"S L. CA-RVU, Nr.I'LIt AND ASSOCIA•1'FS 922 L. Jefferson Blvd. South Bend, .IN 46617 LAND APPRAISAL REPORT Borrower City of South Bend/Board of Public Works _ Property Address NW Corner Rush and Haney City South Bend R Legal Descrintion Lot Price$ County St. Joseph- _ Stare IN 246 EX 66 FT N End Wen er & Krei hbau zi Code � D1 46601 i Salt. Actual Rear Estate Taxes $ _ Dare of Satc _ —rCl___-__ Loan Term yes Propcny flit hts A J nnr ai sed tn Fee _ Leasehold Iyr1 Loan charges to be paid by seller $ Other sales can Lender/Client -------- cessions Board of Pub1 i C Work s i DeM;nimis PUO Occupant Vacant APUraiser Address Rm.1308 Car enter C u -C ity Bldg, Instructions to Appraiser Market Value Location Built Up ® Urban Suburban. u Rural(] Growth Hate U Fully Uev. Over 75'G Rapid ❑ P 25% to 75% Under 25% U ❑ Steady ErTtployrnonl Stability :,,, r .,. r„• ,°°, Property Values (] Increasing 0 Slow ❑ Stable r Convenience to Employment �_j [X} 1..} h] V. Demand/Supply Cj Shortage t� Declining � In Balance Convenience to Shopping�.-} NJ L) ❑ Marketing Time [] Under 3 Mos. Over Supply ❑ pl y 4-6 Mos. Convenience to Schools (� }X� 1 ' +� (.� Present Land Use SflBb 1 Family 30 % 2. q Faintly �(] Over 6 Mos, 1 O % Apts. Adequacy of Public Transportation 1-1 IXJ ri t 0 Vacant -% Condo 1' Commercial °;, R ecreational Facilities ❑ ❑ �_%Industrial_",� Change in Present Land Use [X} Not Likely ~ ❑ Likrl ! j Adequacy of Utilities ( i KI (} O S'] From y ["I Taking Place (' 1 Properly Compatibility L1 X1 U To Predominant Occupancy �-] Owner [.� Tenanto/ Protection from Deir!mental Conditions( b(} (} F Single Family Price Ranyr. $ Vacant Police and rite Protection I! Q(} : } U Single Family Aye to $ Predominant Value V General Appearaneof Proper fins r [I ]1(; } _ 1 yrs to yrs Predominante A g -yrs Appeal to Markel 1 1 M I , r l 11 Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise) __Sub 7eCt i located near an economic develo ment ro'ect which is upgrading the neighborhood. - ". x of Zoning clasSiliCalion B-Residential 4648 Sct- Ft.)6XjO7Fja [X} Corner Lot Presrnl improvements }XJ do } � do not conform to zoning regulations Highest and best use, L., Present use JOlher )specify) Im roved with a structure Public Other (Describe) OFF 517E IMPROVEMENTS Topo Flat l=1ee. U street Access: Public ! 1 Private Size Gam;.. --• jXl surface Paved Shape Ave. Waler Maintenance: [X} Public Private view Urban v ��—--- '-- San.Sewer �] Storm Sewer [X1 Curb/(Sutter Drainage Ave. r.- Elect.. .)Undergroundect. &Tel Sidewalk Street Lights Is the property located in a HUD Identified Special Flood Hazard Area? ON. Cayes Comments {favorable ar unfavorable including any apparent adverse easenranls, encroachn,rnrs or olhcr adverse conditions) The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The descrip- tion includes a dollar adjustment, reflecting market reaction items to those of significant variation brtween the subject and comparable properties. II a signilicant item in the comparable property is superior to, or more favorable than, the subject property, a minus H adjustment is made, thus reducing tilt indicated value of subject; if a significant item in the comparable is inferior to, or less favorabfq than, the subject property, a plus II I adjustment is made, thus increasing led value of the subject. the indica• ITEM Subject Property COMPARABLE NO, I COMPARABLE NO. 2 COMPARABLE NO, 3 Address KaIey: No. of LWW and Humboldt 829 Calvert 606 Wenger Proximity to Subj. Sales Price g �1 ,000.... $ 1 000 5 400 Price $ - - Date Source Date of Sale and DESCRIPTION DESCRIPTION W� AdJustmcnl DESCRIPTION Adh�sin ent DESCRIPI ION Adjustment Time Adjustment 1985 + 350-- 1990 6mc 1980 + I— - —T Local' -on Urban Urban - Urban.-._- _ ____l__-•_--^_ 50x132/Aver I - 300 I - - --f Urban I 40x132 300 Site/View 54x87/Fair ------ 40x131_Ave. 300 Corner I l Sales or Financing Concessions I Minus r$ Plus; .50 Plus;�)v Minus I$ L,l _.. --._ 300 ® Plus;_[v}Minus'$ 300 Nel Ad', f7otafl ^_ Sndicated Value__� `® I $ of Subject-_-��5 1,050 - 700 Comments on Market Data Comparable #1 is located in another area than subieet. #2 and #3 are all 1o�ated within one mile of subject. Comments and Conrlilions of �ppeaisil• Subject property i s ref ati vet v small 1 for Bevel_ O�ment.-,_.but would be a o0 addition to adjacent) ro ert -- Final Reconciliation; I t would appear subject is more closely related to #2 and #3. �I ESTIMATE THE MARKET VALUE. AS DEFINED, OF SUBJECT PROPEnTY AS OF./, j'�'Il to be $ -700`Q App,aisar(sl �V �P" / �L�/ / / �%/ ✓, G� Fi nv,nw A,,u„ais... n t I __ `6 D0UU.UAS lam. C A-EtPE4 NJ:Eit AN D AS S U C(ATE- S 922 L. Jefferson 13.lvd. Soul:li Bend, 1N 46617 LAND APPRAISAL REPORT Borrower Ci t of South Bend/Board of Public Works Census T,,ct - Property .Address NW Corner Rush and Haney Ma Reterer.c� 8-132 City South Bend Legal Dcseripeion Lot County -St. Jose h 246 EXX 66 FT Stat Aetuai Rcal Esratc Taxes $ D;rlc or Solc (Y,) Loan ____-----_.,-�_-- —_..._ Loan Term yrs Properly rtiglits Appraised X 7=cc leasci,old i DeMinimis Lender/Client Board charges to be pal-rl 4y seller $_ __ - the, sates concessions of Pubjic Works � PUD Occupant Vacant A puraiscr Address RM. 1308 County —City ty Car enter tnstruttions to Appraiser Market Value. " LOta rlOn ©tilt Up ® Urban ❑ Over 75'G ❑ Suburban, U Rural Growth Fiore � Fully Dev. ❑Rapid Lki 25% to 75% [� Under 25"6 ❑ Steady Elnployrneni Stability Property Values ❑ increasing Slow ❑ Stable r Convenience to Employment � lYJ U ❑ Demandl5upply ❑t Shortage tXl Declining � In Balance Convenience to Shopping [ J W � l ❑ Marketing Time ❑ Under 3 Mos. [? Over Supply ❑ 4-6 Mos. Convenience to Schools (] l IXJ f 'I (J Present Land Use 50% 1 Family 30 %rl 2-A Family1. �] Over 6 Mos. 0 % Adequacy of Public Transportation l_.� (X] rJ U ❑ Industrial_ % Vacant � Apts. _^�, Condo 10 ':b Commercial Recreational Facilities Li )xl ❑ ❑ _% Change in Present Land Use [}� Not Likely `— % ❑ Likely (') Adequacy of Utilities [ 1 Q(1 (1 ❑ (') From Y [J Taking Place (') Property Compatibility L" Predominant Occupancy [ .] Owner To Tenant Protection from Detrimental Condit ions( Di( f f ❑ Single Family Price Range. $ ") %Vacall t Police and Fire Prou;clion �(1 � f fJ Single Family Age 1° $ Pre(lotnir,ant Value $ Cscnrral Appearanccol Propr1lins (] yrs to yrs Predominant Age -yrs- Appeal to Market I f M 1 , t r r Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise)_ Sub iect is located near an economic development Project which is upgrading the neighborhood. Dimensions 54' X 87' 4648 Sq, Ft X,XI(9EXdt IXl Corner Lot Zoning ctassilicalion B-Residential -- Present '(7mroveinerlls Highest and best user f_ ;Present use JOlher (specify) I m roved with a Structure f do f do ttot cvnfonn to zoning regulations Public Other (Describe) OFF SITE IMPnOVEMENrS Topo Elec. Flat Gas U Street Access: fXj Public 1 i Private S"ve _Fair ® S111 race Paved Sh Water ppr Ave ® Maintenance: IX] Public f.J Private View Urban -" -'-_ ----- - -- San,Sewer I-J SLormSewCI [Xl Curb/Gulley Drainage Ave. [-]Underground Elect- & Tel.1 0 Sidewalk LKI Street Lights Is the properly located in a HUD identified Special Flood Hazard Area? ONo Comments (favorable or unfavorable including Dye C uding any oppatent adverse easements, eneroachmm�ts or nther adverse conditions) The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the markel analysis. The descrip• lion includes a dollar adjustment, reflecting market reaction to those items of significant variation between the subject and comparable properlies. If a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus (•) adjustment is made, thus reducing the indicated value of subject: if a significant item in dte comparable is inferior to, or less lavorablq than, the subject property, a plus (1) adjustment is mode, thus increasing the indica• led value of the subject. ITEM Address Sales Price Date of Sale and Time Adjustment Location rty II�- COMPARABLE NO. 1 Kaley: No. of LWW DESCRIPTION DESCRIPTION (Adjustment 1985 _ + _3_50 Urban Urban _ —t— _..- 54x87/Fair 40x131/Ave. COMPARA81_E NO, 2 COMPARABLE NO. 3 829 Calvert 606 Wenger DESCRIPTION AdjusIntent 1990 ; - - Urban _50x132/Ave_ 1 - 300 t I , Sales or Financing i r Concessions 1 r - 1 I Net Ad•. (Total) ' I -- - f Plus; Minus ,$ 50 [ 1 Plus: fA Minus 1$ 300 - - --- --� - ---• --._ r .. ._.._I ...._ Indicated Value '•-1 �-. of Subject S 1,050 700 Comments on Market Data Comparable #1 is located in another area than subiect-, #2 and #3 one mile of subiect. Comments and Conditions of (appraisal: S addition to adjacent property. Final Reconcilialion: It would appear ect is more closely related to #2 and #3. IPl'ION­7Adiustm Urban ' 40xl32 ----••--- ----_ -- t ® Pfus_[�Minus3$ 300 is 700 I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PROPERTY AS OF-/��',-Aa+�-_- /� neviewA 1 � upraise• fll apl,ticabtel- Rev, II ttne ro,,,., .,54, vnw„�, r,�rrMna,i�a :n r, vra.,.�... 4*rri. nt eesi, rm2 l_J Did 19 1 1 to be $QQ^— Did Not Physically Inspect Property '�} .: {' '` - •3.4�1� .gyp � ¢, c . , . rmndr 2 n,.rnvol • .r.;r.r.e„ - - . .;n ; B 711-1_evol n'M1mm,ey o .. .... now TN­O rinmh� •• 2 ConarrV cllon .7 .. fi nlahetl Here n+n or Al 7 Are. 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II IjI1r1111� Ilfll _ - - 17evicw Atrprnne• fll aPpl{e�61c1 ^'+'+r"cn,nm nhd 7l'v'fl6o,u-, Avr JMr, llm„•.,. rt n,•.It on7 4J Did Did No( pil~" vsicnity Inspect property 113300 b 0- C m w o o E -d Vi Vi n N �D• S' N P E ,fib �. rrCl r� a 5 fv �° o a c to ro Iz. C3 'wtn CA ema t o c 9 cru E T a to TRI COUNTY NEWS 918 E. 3EFFERSON BLVD. SOUTH BEND, IN 46617 (219) 287-0285 Fax - 233-9991 PROOF OF PUBLICATION State of Indiana, St. Joseph County, ss: Personally came before me, the undersigned, Lisa 1. Andrysiak, Office Manager of th TRI COul\TTY I�TEWS; that she is authorized to make this affidavit in it's behalf; that the TRI COUI\7N I\TEW S is a public newspaper of general circulation printed and published in theEnglishlanguage in the City of South Bend, in the aforesaid county and state; that a notice of which the copy attached hereto is a true and correct copy, seas publish+e�d} in said newspaper. time(s), the date of publication being as follows: fr 5_19,26-95 Fee 5 17.75 26 th day of Subscribed and sworn to before me thiL--- 995. �� tt�Y q ,)oNotary t y� Public �.. 1 �,'�Sk)oseph County 1110%4�sion expires 6/9/95 --o _300 oa�3nPMo. oo Nn0 �`•°o��n� omnQii Vc 4n P9rN ONE, 3N� •[��-� °,n COPY OF PUBLICATION PRINT _ Z �0303��_^0 c@—.a mm-i �QaooL Ap t7 nop'°mn`�d c� _z O v,aa�o no 0� nA°A�o a v�mvn' mc^ c—� jmiprv-'a ,nmw :a3m,n a� Poro'am r NOTICETO BIDDERS SALE OF CTrY-OWNED PROPERTY Notice is hcrebY Given that the City of South Bend, Indiana, through its Board of Public Works, is offering far sale the following parul or teal estate locrttcd -sn Soutb ]lend, Indiana: 537 East Haney Key No. I S-7014-0569 Lot 746 EX 66 FT N End Wenger & Krcighbaurn 3rd More specific information concerning t)= property and the City's offering prim is k able in the Office of the Board of Publiel end, Room1316,Counry-City Buildiog,Sdt Indiana. - ••.t be rc- Bids to Purchase said P-y\ 11 mivcd in the Off1ce of ilrr B, Id od+Det�' Waks,1508Counry-CitYa',•Syt�6SO tne' ]nd iana, on or bcforc Mond i JSnc 5n w3k be 9.30 a— At that time, a detcrrruna,•+ made by the Board as to the sale of this parcel. Pursuant to State atatuw, this property may not be sold to a Peeson who is incfigible under Section 16 (LC. 36-1-11.16). AdditianallY, an ofrer to Purchase PMPerty submitted by trust must kdcruifY each bencri- ciary of the trust and sortlof empawcmd to revoke or modify the rmst. •ntc orrice ord. Board o f Publ is W orks will record the appropriate Quit -Claim Deed in the same of the su=ssful purchaser with the St. Joseph County Recorder's Office. "Elie mcord- ing fee in bo added to the final Purchase Price. BOARD or PUBLIC WORKS Angela K. Jacob, Clark 2,,5-19.Z6 4. The conveyance of the aforementioned real property is made so long as the lot is not used as a building site for purposes of a new, single-family construction site. S. At the time to closing and after a submission of a receipt for the total purchase price has been submitted by the Controller to the Board of Public Works, the Board shall cause a Quit -Claim deed to be prepared, which deed shall be signed by the Mayor and attested to by the City Clerk with the Seal of the City affixed, which shall then be recorded with the St. Joseph County Recorder's Office . 0 d 0 a a� N � b N. . TJ c.n � eD D C �o 0 � 0 U C �PI ro b' O m z `P C'? O C C .c cY. N _, 'U 0, C O rho m to * m c A 0. [z m .tiy m ii O m N Rk �.t v Rq ' R ac N R. -0 7 `C G. Oyy ro ty w m tr C•. DI c o w to f _ Cc,n o E Q a C" m o " p '+ o w �• LY R. a- m m p w co :1 ° o Cr M� p .»pro C n 17 a. Qp ! O t: O. W p ro M, p o CS :L .y a .y rL CL CT G. , ? O O CD ^ "h G'. j'J C7 G. 17 G O❑ eb ro O Wmo�om'a esm3o'�c'oaDn'nnc'o gon'cmo3mc aoo� Oa 10—M'.<ao�o'='p l.•<'�Dpn^ Nf<3ng>>�c ogQ3mn��a�• a6n��Qa°on`'-�`"onn Do a 31 MF n71. 5-oQ^o 32- o': ➢ap�nn�4nv 'd'°n3c�ooDQONvi`"A 0M �JoSrcvDmQQe�`�mnnCp�r4 amN'Ka<�coaN�Q 7n�3 oeaCnm-no�O oc oa :SQ�Q.8. TObpern �0 om amap{m NQ-nn�=m-gym 0,0v�;;-i°m» ..onnQ m3�m oa 3 .a o a. omn'3n mN,^a o -c % m onm<gm Z g °vn� � o�mc- � 4. The conveyance of the aforementioned real property is made so long as the lot is not used as a building site for purposes of a new, single-family construction site. 5. At the time to closing and after a submission of a receipt for the total purchase price has been submitted by the Controller to the Board of Public Works, the Board shall cause a Quit -Claim deed to be prepared, which deed shall be signed by the Mayor and attested to by the City Clerk with the Seal of the City affixed, which shall then be recorded with the St. Joseph County Recorder's Office . PURCHASE AGREEMENT THIS .AGREEMENT, entered into i (d day of Qb4rson, hereinafter �, "Buyer, "1and�the by C vil City of Sou h Bendd between Gary C. tea municipal corporation refeof to as the Indiana, hereinafter referred to as the "City. " the State of WITNESSETH : WHEREAS, I. C _ 36-1-11 establishes the procedures for the sale and rental Of real property owned by the City of South Bend; and WHEREAS, the Board of Public Works (hereinafter referred to as the "Board") is empowered to carry out the provisions of said statute; and WHEREAS, the Board has determined that: 1. The highest and best use of certain real property owned by the City is by sale to an abutting landowner; 2. The cost to the public of maintaining said real property owned by the City equals or exceeds the established fair market value of said real property; 3. It is economically unjustifiable to sell real property owned by the City in accordance with the procedures set forth in I.C. 36-1-11-4. WHEREAS, the Board has determined that the assessed value of said real property is less than TWO THOUSAND DOLLARS ($2,000); and WHEREAS, the Board appointed a licensed independent appraiser who appraised the particular real property; and WHEREAS, based upon the appraisal submitted, the Board has established anuffer g price for the said property, and published notice of its intention to property at said price; and WHEREAS, pursuant to I.C. 36-1-11-5, negotiate and sell said real property to the abthe Board is erzepowered to the landowner who submits the highest offer for said real property; and WHEREAS, the offer of the Buyer in the amount of One Hundred Dollars ($100.00) was offered and accepted as the best offer for said property. NOW, THEREFORE, it is agreed by and between the parties hereto, and for and in consideration of the promises and the mutual covenants herein contained, as follows: 1. The City agrees to sell and Buyer agrees to buy the following property located in St. Joseph County, Indiana: Key ##:18-7014-0569. Lot 246 EX 66 FT N END WENGER & KREIGHBAUMS 3RD . for the sum of $100.00. 2. Buyer agrees to pay the purchase price and recording fee in full at the time of closing. 3. Buyer agrees to pay all title and abstract costs involved in said transaction which it shall desire or request. 4. The conveyance of the aforementioned real property is made so long as the lot is not used as a building site for purposes of a new, single-family construction site. 5. At the time to closing and after a submission of a receipt for the total purchase price has been submitted by the Controller to the Board of Public Works, the Board shall cause a Quit -Claim deed to be prepared, which deed shall be signed by the Mayor and attested to by the City Clerk with the Seal e affixed, which shall then be recorded with the St. Joseph County R corder s City Office. M C - Gary C. Peterson ��n E. Leszcyns esident James R--e"aldwell, Member /Jenn Pitts Manier, Member ATTEST: Angela K . Jacob, Clerk Board of Public Works Date: b Iv. q c:\bdcfpw\bpwpurc3.ab