HomeMy WebLinkAboutNo. 2342 related to acquisition of property in the South Bend Central Development Area (202, 204, 206 S. Michigan, Key S.B.)
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RESOLUTION NO. 2342
A RESOLUTION OF
THE SOUTH BEND REDEVELOPMENT COMMISSION
RELATED TO ACQUISITION OF PROPERTY
IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA
WHEREAS, under the authority granted by Ind. Code ~ 36-7-14, er seq. and in
furtherance of the South Bend Central 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 South Bend Central Development Area within the City of
South Bend, Indiana, which property is more particularly described at Exhibit "A"
attached hereto and incorporated herein ("Property"); and
WHEREAS, the Commission has taken the necessary legal steps required by
Indiana law in order to acquire the Property.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission that:
1. The Executive Director of is hereby authorized and directed to cause a
purchase offer to be made in writing to the owner(s) of the Property at a price that
has been determined in accordance with the requirements of Indiana law as set
forth at Exhibit "A" of this Resolution.
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2. The Commission's attorney is hereby authorized and directed to negotiate
• and prepare documentation necessary to accomplish the acquisition of the
Property in accordance with this Resolution and in a form acceptable to legal
counsel.
ADOPTED at the Regular Meeting of the South Bend Redevelopment
Commission held on August 17, 2007, at 1308 County-City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
s,~~,~r~„~~
Marcia I. Jones, President
Printed Nmne mul1'ide
South Bend Redevelopment Commission
ATTEST:
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Prin ed Na ne and Title
South Bend Redevelopment Commission
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ATTACHMENT "A"
RESOLUTION N0.2342
Average
Tax Key No. Address Owner Acquisition Price
18-3003-0043 202-204-206
Key S.B., LLC
$156,000.00
S Michigan Street
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