6.C.(6) Resolution No. 2510 - Laserfiche WebLink

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~~ L', ~~~ RESOLUTION NO. 2510 RESOLCTION APPROVING AND ACCEPTING A COCNTEROFFER FOR TIIE ACQUISITION OE NROPERTY IV THE AIRPOKT ECONOMIC DEVELOPMENT AREA WHEREAS, under the authority granted by Indiana Code ~ 36-7-14, c~t .i~c~q. and in furtha~ance of the Airport Economic Development Area De~~elopment Plan (the "Plane). the South Fiend Rede~~clopmcnt Commission (the "Commission~~) has determined that it is necessary to acquire unencumbered fee simple interest in certain property located within the area heretofore designatai as the Airport Economic Development Arca (the "Area°) within the City of South Bcnd, Indiana (the `Citt~~). ~~~hich property is more particularly described at Exhibit A attached hereto and incorporated herein (the ~~Propert _. ): and WkiEREAS. on October 3. ?008, the Commission adopted a Resolution setting the oflering prig (the "Ollerin~~ Price~~) and authorizin~~ stai'i to present an oi~fer to Carlos Arse Alvarez, as contract purchaser from REO Natiom,~idc, LLC, as o~~-ncr of the Property (the "Owner") in an amount not to exceed the Offering Price along with the payment of expenses incidental to the comcyance and determination of the title of the Property; and WHEREAS. the staff has presented the O~~~ner an offer t<~r the Offering Price as authorized. ~~~hich the O~rncr rejected: and WHEREAS. the O~~-ncr has pro~idcd a counteroffer to the Commission for $ X6.000.00. which includes all expenses related to the acquisition: and WHEREAS, the Commission desires to purchase the Property 1br SiG,000.00. approve the 1<~rm 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, ~~~ith such changes in tin-m or in substance as the President and Secretary may appro~°e: and WHEREAS, the staff has re~~ie~~~cd the counterofla~ and determined that the ~n~oposal is reasonable in light of the appraisal amount and conditions in the area. and WHEREAS, the Commission has completed its acquisition procedures 1br the Property and sufiicicnt funds arc a~~ailable for the purchase of the Properly: NO\~', T}IElZEFORE. BE IT RESOLVED by the South Bcnd Rcdcvclopmcnt Commission that: 1. The Commission hereby finds that the consideration set t~~rth in 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