HomeMy WebLinkAbout2009-R-02BY THE JEFFERSONVILLE
REDEVELOPMENT AUTHORITY
RESOLUTION
NO. ~OD9 ~/~ 'D~
WHEREAS, the Jeffersonville Redevelopment Authority ("Authority") was
created by the City of Jeffersonville ("City") as a separate body corporate and politic and
as an instrumentality of the City to exercise the powers conferred upon it under Ind. Code
§ 36-7-14.5, et seq.; and
WHEREAS, such powers include the power to finance, improve, construct,
reconstruct, renovate, purchase, lease, acquire, or equip local public improvements; and
WHEREAS, the Authority believes it is in its best interests and the best interests
of the City to purchase a vacant, unused and blighted parcel of property consisting of
2.944 acres, more or less, located at 521 West Ninth Street, Jeffersonville, Indiana, from
Paul Michael Campbell ("Seller") for the purpose of constructing, reconstructing,
renovating, and/or making public improvements; and
WHEREAS, the Authority has been made aware that such parcel to be purchased
is burdened with certain defects of title, which are believed to be curable; and
WHEREAS, the Authority believes it to be in its best interests and the best
interests of the City to proceed with the purchase of the property despite the potential
risks incurred from the defects of title;
NOW, THEREFORE, BE IT RESOLVED by the Authority that the City shall be
and is hereby authorized to purchase 2.944 acres, more or less, situated at 521 West Ninth
Street, Jeffersonville, from the Seller pursuant to the merged terms and agreements of the
Offer to Purchase made by the City on December 12, 2008, and the Counter Offer made
by the Seller on December 15, 2008, and further subject to any amendments or revisions
thereafter agreed upon between the Seller and the City. The Executive Director of the
Authority is authorized to take any and all action and to sign any and all documentation
as become necessary to carry out the purchase of this property.
SO RESOLVED this 13~' day of April, 2009.