2002-12-18 Resolution 149 - Laserfiche WebLink

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~, • RESOLUTION NO. 149 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY APPROVING THE TRANSFER OF REAL PROPERTY TO THE SOUTH BEND REDEVELOPMENT COMMISSION WHEREAS, the South Bend Redevelopment Authority ("Authority") is the owner of a parcel of real property situated in St. Joseph County, Indiana, more commonly known as the Palais Royale Building, and described more particularly at Exhibit "A" ("Real Property"); and WHEREAS, pursuant to Ind. Code § 36-7-14.5-12, the Authority may dispose of real property; • and WHEREAS, pursuant to Ind. Code § 36-1-11-8, the Authority may exchange or transfer property with another governmental entity upon terms and conditions agreed upon by the two (2) entities as evidenced by the adoption of substantially identical resolutions of each entity; and WHEREAS, pursuant to a motion approved at its meeting of November 27, 2002, the Authority is desirous of transferring the Real Property to the City of South Bend, for the use and benefit of its Department of Redevelopment so that the property may be sold for purposes of development, which sale and transfer is subject to an easement for use and occupancy and retained by the South Bend Redevelopment Authority. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT AUTHORITY AS FOLLOWS THAT: 1. The transfer to the City of South Bend of the Real Property commonly known as the Palais Royale Building situated in South Bend, St. Joseph County, Indiana, and described more particularly at Exhibit "A" for the use and benefit of the City of South Bend's Department of Redevelopment shall be, and hereby is, approved. 2. The President and Secretary of the Authority shall be, and hereby are, authorized respectively, to execute and attest to the execution of a quitclaim deed conveying all of the City of South Bend Redevelopment Authority's right, title and interest in and to the Palais Royale Building to the City of South Bend, Indiana for the use and benefit of its Department of Redevelopment upon the occurrence of the conditions set forth immediately above, subject to an easement for use and occupancy preserved and retained by the South Bend Redevelopment Authority. 3. This Resolution shall be in full force and effect upon its adoption. ADOPTED at a meeting of the South Bend Redevelopment Authority held on December 18, 2002, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana, 46601. Attest: ~~,,.`..`~- %' ~~" ~.~ Clio W~sI~+~~, V,c9. - ~'rASicl~' South Bend Redevelopment Authority ~~ ~, ~ ..~> ~` ~; ~