HomeMy WebLinkAboutNo. 2367 approving a form of purchase agreement for the acquisition of property in the Airport Economic Development Area (1629 Knoblock)
RESOLUTION NO. 2367
RESOLUTION APPROVING A FORM OF PURCHASE AGREEMENT
FOR THE ACQUISITION OF PROPERTY IN THE
AIRPORT ECONOMIC DEVELOPMENT AREA
WHEREAS, under the authority granted by Ind. Code § 36-7-14, et seq. and in
furtherance of the Airport Economic Development Area Plan ("Plan"), the South Bend
Redevelopment Commission ("Commission") has determined that it is necessary to
acquire unencumbered fee simple interest in certain property located within the area
heretofore designated as the Airport Economic Development Area (the "Area") within
the City of South Bend, Indiana (the "City"), which property is more particularly
described at Exhibit A attached hereto and incorporated herein ("Property"); and
WHEREAS, on July 20, 2007, the Commission adopted a Resolution setting the
offering price (the "Offering Price") and authorizing staff to present an offer to Frederick
E. Goerke and Mary E. Goerke as owners of the Property (collectively, the "Owners") in
an amount not to exceed the Offering Price along with the payment of expenses
incidental to the conveyance and determination of the title of the Property; and
WHEREAS, the staff has presented the Owners an offer for the Offering Price
• as authorized, which the Owners have accepted; and
WHEREAS, there has been presented a form of Purchase Agreement (the
"Purchase Agreement") to the Commission consistent with the Commission's offer,
which the Owners accepted; and
WHEREAS, the Commission desires to approve the form of Purchase
Agreement, and authorize the President and Secretary of the Commission to execute and
attest, respectively, the Purchase Agreement on behalf of the Commission, with such
changes in fornl or in substance as the President and Secretary may approve; and
WHEREAS, the Commission has completed its acquisition procedures for the
Property and sufficient funds are available for the purchase of the Property;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission that:
1. The Commission hereby finds that the Purchase Agreement is reasonable
considering the circumstances and that it is in the best interest of the citizens of the City
and the South Bend Redevelopment District and consistent with the purposes and
requirements set forth in Indiana Code § 36-7-14 to complete this purchase in
accordance with the terms set forth in said Purchase Agreement.
•
2. The Commission hereby approves and accepts the Purchase Agreement
and authorizes the President and the Secretary to execute and attest, respectively, the
Purchase Agreement with such changes in form or in substance as they deem to be
necessary or appropriate to complete the transfer, with such approval to be conclusively
evidenced by as such execution and attestation, respectively. The President and/or
Secretary are each authorized to execute and deliver any other documentation necessary
to complete the acquisition of the Property. Legal counsel for the Commission is further
authorized to close the transaction on behalf of the Commission and execute any
incidental closing documents necessary to complete the transaction. If desirable to
facilitate the closing on this property, staff is further authorized to engage Meridian Title
Company to assist with the closing of this transaction.
3. The Secretary of the Commission is instructed to place a copy of the
Purchase Agreement presented to the Commission with this Resolution in the records and
minutes of this meeting.
ADOPTED at the Regular Meeting of the South Bend Redevelopment
Commission held on July 20, 2007, at 1308 County-City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
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ATTEST•
,re
Gregory S. Downes, Secretary
Printed Name anr! 'I'dle
South Bend Redevelopment Commission
CITY OF SOUTH BEND,
DEPARTMENT Off" DEVELOPMENT
~~ 2., ~ V '
Signature
Marcia I. Jones, President
Prrmed Nmne and /rile
South Bend Redevelopment Commission
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EXHIBIT A
• PROPERTY DESCRIPTION AND PURCHASE PRICE
Counteroffer
Tax Key No. Address Owner
Purchase Price
1629 Knoblock Frederick E. and
18-2183-6859 $54,000.00
Street Mary E. Goerke
r~
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