1994-06-07 Resolution 93 - Laserfiche WebLink

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RESOLUTION N0. 93 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY ACCEPTING THE TRANSFER OF REAL PROPERTY FROM THE. CITY OF SOUTH BEND, INDIANA WHEREAS, the real property generally described as follows. and situated in St. Joseph County, Indiana, is owned by the City of South Bend, Indiana (City), and underlies certain public improvements and facilities owned by the South Bend Civic Center Building Authority and commonly known as the Century Center: See Exhibit "A," hereto (Real Property); and WHEREAS, the South Bend Civic Center Building Authority (CCBA) owns those facilities and improvements comprising the Century Center (Century Center Facilities); and WHEREAS, the City has an option to purchase the Century Center Facilities from the CCBA for the price and in the manner more fully set forth in the Lease between the City and the CCBA dated as of August 25, 1975, recorded as document number 200654 in Miscellaneous Record 295 at pages 102 to 123 in the Office of the St. Joseph County Recorder, and amended by an Amendment to Lease dated as of June 1, 1977 recorded as document number 238491 in Miscellaneous Record 307 at pages 10 - 15 in • the Office of the St. Joseph County Recorder, and further amended by Addendum to Lease dated as of April 1,-1994 and recorded as document No. 9416263 in the Office of the St. Joseph County Recorder (Option);. and WHEREAS, the South Bend Redevelopment Authority (Authority) is a body corporate and politic operating under and pursuant to I.C. 36-7-14.5; and WHEREAS, pursuant to I.C. 36-9-6-3, the Board of Public Works of the City of South Bend (Board) has custody of and may maintain all real property of the City; and WHEREAS, the Authority desires to purchase the Real Property and Century Center Facilities and to make additional improvements to the same;. and WHEREAS, the Authority, on May 17, 1994, adopted its Resolution 91 resolving to issue bonds to finance the costs of acquiring the Century. Center. facility and constructing certain additional improvements to be made to the. Real Property; and WHEREAS, pursuant to I.C. 36-1-11-8, the City, acting by .and through the Board, 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