6.C.(8) Resolution No. 2512 - Laserfiche WebLink

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(~ C C -~ , RESOLt;T10N NO. 2512 KESOLUTION APPROVING ANU ACCEPTING A COt;NTEROFF'F.R FOR THE ACQUISITION OF PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA WHEREAS. under the; authority granted by Indiana Code ~ 3G-7-14, e~~ sc°y. and in furtherance of the Airport Economic Development Area Development Plan (the ~~Plan°). the South Bend Redevelopment Commission (the "C'onunission~~) has determined that it is necessary to acquire unencumbered tee simple interest in certain property located ~~~ithin the area heretofore designated as the Airport Economic Development Area (the °Arca~~) .within the City of South Bcnd. Indiana (the "Cit~'~). ~a~hich property is more particularly described at Exhibit A attached hereto and incorporated herein (the ~~Propert~''); and WHEREAS. on October ~_ ?008. the Conui~ission adopted a Resolution setting the o~terin~~ price (the `O1~lcrin~~ Price~~) and ~iuthorizin~~ staff to present an offer to ulaiy E. Lcl3old. as Pol,~~cr of Attorocy for Barbara L. Andrews, as owner of the Property (the "O~~ner ~) in an amount not to exceed the Offering Price along «~ith the payment of expenses incidental to the com~cvance and determination of the title of the Property; and WHEREAS, the staff has presented the O~a~na~ an oficr for the Offering Price as authorized, ~~~hich the O~~~ncr re,jcctcd: and \VHF_REAS. the Owner has provided a counteroffer to the Commission for 537,900.00. ~a~hich includes all expenses related to the acquisition: and WHEREAS. the Commission desires to purchase the Property for 537,900.OQ approve the Corm of Purchase Agreement and authorize the President and Secretary of the Commission to execute and attest. respectively, the Purchase Agreement on behalf oh the Conunission, with such changes in tone or in substance as the President and Secretary may approve: and WHEREAS. the staff has revie~~ed the counteroftcr and determined that the proposal is reasonable in light of the appraisal amount, and conditions in the area. and WHEREAS. the Commission has completed its acquisition procedures for the Property and sufficient funds are mailable for the pw-chase of the Property; NOW, ~fHEREFORE. BE IT RESOLVED by the South Bend Rede~~elopment Commission that: L The Commission hereby finds that the consideration set forth 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 consistent with the purposes and requirements set forth in Indiana Code ~ 36-7 -14 to accept the counteroftcr e~°idenced in the Purchase Agreement.