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HomeMy WebLinkAboutagenda report 2015 0115 rdc 06f545pUTfj eF Department of Community ­1 65 ITEM: 6.F.(5) Investment Memorandum January 12, 2015 TO: South Bend Redevelopment Commission FROM: Brock Zeeb, Director of Economic Resources VZ1 SUBJECT: Professional Services Proposal - Meridian Title This professional services proposal from Meridian Title is to provide corrective property deed services. The Commission currently owns approximately 390 properties, and staff asked for proposals from multiple title companies to estimate the cost of examining all Redevelopment deeds so titling would be consistent, and to change titling to the name "Department of Redevelopment of the City of South Bend for use and benefit of the department of Redevelopment ", which State statute requires. Once completed the County Recorder, Auditor, Assessor and Treasurer's records will match. This will also allow staff to create a GIS layer which allows site selectors, citizens and staff to easily identify and track properties owned and for sale by the Commission. The cost for Meridian's services is $5,000, with a not -to- exceed of $10,000 (the not -to- exceed allows Meridian to correct any deed issues and cover title search cost on properties if necessary). Staff requests approval of Meridian's proposal in a not -to- exceed of $10,000 227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 1 P: 574 - 235 -9371 1 FAX: 574 - 235 -9021 1 SOUTHBENDIN.GOV MERIDIAN TITLE CORPORATION Corporate Office 202 S. Michigan St., Ste. 300 South Bend, IN 46601 574 232.5845 FAX 574 289.1514 Crown Point 1182 E. Summit St. Crown Point, IN 46307 219 661.8100 FAX 219 661.8900 Highland Office January 12, 2015 9521 Indianapolis Blvd. Highland, IN 46322 219 924.2680 FAX 219 924.2690 Redevelopment Commission of the City of South Bend Hobart Office 1447 S. Lake Park Hobart, IN 46342 219 947.3507 FAX 219 947.3510 LaPorte Office RE: Ownership Search and Documentation to Transfer Title 1000 W. State Road 2 to Common Entity LaPorte, IN 46350 219 362.3228 FAX 219 362.3604 Michigan City Office To Whom It May Concern: 241 Medical Plaza, Unit D Michigan City, IN 46360 Meridian Title Corp. proposes to determine the correct current 219 879.9639 FAX 219 879.9672 ownership for the supplied parcel numbers, and then prepare Portage Office and record deeds from the various different entities (ie. 3691 Willowcreek Road, Ste. 101 Redevelopment Commission, Redevelopment Authority, City Portage, IN 46368 of South Bend) to a common owner, whose name will be 219 364.8100 FAX 219 364.8200 supplied by the city, for a bid of $5,000.00 but not to exceed Valparaiso Office $10,000.00. Said work to be completed no later than the end 57 Franklin, Ste 103 of January, 2015. Thank you for the opportunity to be of Valparaiso, IN 46383 service. 219 465.1502 FAX 219 465.7670 Please sign below to authorize Meridian Title to proceed. For a complete list of offices in Indiana and Michigan, please visit our website, Redevelopment Commission of the City of South Bend www.meridiantitle.com or call any of the offices listed. By: Sincer I im A, ers� Comm eFical Title Department To /I Free To Any Office • Telephone 800 777 -1574 • FAX 800 891 -3788 • www,meridiantitle.corn