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(, P �C4) RESOLUTION NO. 3071 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE DIRECTOR OF REDEVELOPMENT TO APPROVE AND CEC TE DOCUMENTS ON BEHALF OF THE CITY OF SOUTH BEND, INDIANA, DEPARTMENT OF REDEVELOPMENTRELATED TO THE EXERCISE OF JRC ASE OPTIONSIN THE BLACKTHORN CORPORATE OFFICE PARK AREA WHEREAS, the South Bend Redevelopment Commission (the "Commission ") is the governing body of the City of South Bend Department of Redevelopment (the "Department ") established under the Redevelopment of Cities and Towns Act of 1953, as amended, being Indiana Code § 36- 7 -14 -1 et seq. (the "Act "); and WHEREAS, the Commission is the owner certain parcels (the "Parcels ") located in and around the Blackthorn Corporate Office Park ( "Blackthorn ") and the Commission has approved and entered into an Option Contract (the "Agreement ") with Cressy and Everett Commercial Company ( "Cressy "); and HEREAS, the Agreement provides that Cressy has the option to purchase one or more Parcels i1pon the terms and conditions set forth in the Agreement; and HEREAS, in order to respond to development proposals made by third parties to Cressy, t e Commission may be required to execute certain documents on short notice; and WHEREAS, in order to provide the response time required by Cressy, the Commission desires to expressly authorize the Director of Redevelopment for the Commission to approve and execute such documents as necessary, including deeds and closing documents, to provide for the transfer of a Parcel or Parcels to Cressy pursuant to the Agreement; for the OW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND "LOPMENT COMMISSION AS FOLLOWS: 1. The Director of Redevelopment of the Commission, Donald E. Inks, or his (the "Director ") is hereby authorized to approve and execute, on behalf of the >n, such documents as necessary, including deeds and closing documents, to provide .sfer of a Parcel or Parcels to Cressy pursuant to the Agreement.