Resolution Nos. 3632, 3634 & Transfer Agrmnt. (Airport Auth. Old Cleveland & Commerce) - Signed

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RESOLUTION NO. 3634 A RESOLUTION OF SOUTH BEND REDEVELOPMENT COMMISSION ACCEPTING THE TRANSFER OF REAL PROPERTY FROM THE ST. JOSEPH COUNTY AIRPORT AUTHORITY WHEREAS, St. Joseph County Airport Authority (the “Airport Authority”) owns certain real property, specifically, 119.5' On Cleveland Rd. W 1/2 Ne Nw 1.5 Ac. Sec. 28-38-2e (the “Parcel”) having an address of 4208 CLEVELAND RD, SOUTH BEND, IN 46628, and Airport Authority wishes to transfer the Parcel as further described in the attached Real Estate Transfer Agreement (“Transfer Agreement”), attached hereto as Exhibit A; and WHEREAS, Airport Authority has decided to transfer its property rights the Parcel to City of South Bend, Indiana, Department of Redevelopment, by and through its governing body, the South Bend Redevelopment Commission (“Commission”) after determining a transfer to a governmental entity rather than a sale or lease to a nongovernmental entity would be in the best interests of Airport Authority and the public; and WHEREAS, the transfer of the Parcel will promote economic development projects and facilitate compatible land use planning; and WHEREAS, pursuant to Ind. Code § 36-1-11, a transfer or exchange of the Parcel may be made with a governmental entity upon terms and conditions agreed upon by the entities as evidenced by adoption of a substantially identical resolution by each entity, and such transfer may be made for any amount of real property, cash, or other personal property, as agreed upon by the entities; and WHEREAS, Commission has represented the Parcel will be used for general public benefit and welfare and will promote the recreational, public, and civic well-being of the community; and WHEREAS, Airport Authority wishes to transfer the Parcel via a deed to Commission in exchange for Airport Authority receiving certain real property and all improvements thereon located at 1743 Commerce Dr, and 1705 Commerce Dr and under the terms and conditions as set forth in the attached Transfer Agreement and deed; and WHEREAS, Airport Authority has adopted or will adopt a resolution substantially equivalent to this resolution setting for the terms and conditions of this transfer of Parcel between Airport Authority and the Commission. NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION, AS FOLLOWS: 1.The Commission hereby approves and accepts the conveyance of the Airport Authority Parcel for the use and benefit of the South Bend Redevelopment Commission and its Department of Redevelopment, pursuant to the terms and conditions of the Transfer Agreement, attached hereto and incorporated herein.