HomeMy Public PortalAbout129-2011 - Memorandum of Intent to Purchase PrMEMORANDUM OF INTENT TO PURCHASE PROPERTY
This Agreement is between the City of Richmond (hereinafter "City"), by Mayor Sally
Hutton and the Board of Public Works and Safety, and Wayne County ("hereinafter "County"),
by Doug Williamson.
WHEREAS, The City of Richmond has received a Two Million Dollar
($2,000,000.00) Neighborhood Stabilization Program (NSP-3) Grant from the Indiana Housing
and Community Development Authority; and
WHEREAS, The City of Richmond is interested in properties the Wayne County
Commissioners will be disposing of through the Commissioners Sale process; and
WHEREAS, The Neighborhood Stabilization Grant from the Indiana Housing and
Community Development Authority requires that certain thresholds be met; and
WHEREAS, The City has to demonstrate that it has commitments from the County to
acquire properties in order to obligate grant funds; and
WHEREAS, The City is requesting that the County transfer certain properties within
the project area to the City after the redemption period ends; and
WHEREAS, The notice of grant award has been received by the City of Richmond and
the City wishes to proceed with the transfer of property in accordance with Indiana Code 36-1-
11-8.
Now, therefore, the parties agree as follows:
The County will transfer the following property to the City in exchange for the fees
the County has occurred if the property is still available after the redemption period
ends:
a) 136 South 11th Street
2. The City will use the property to build a new structure on the vacant lot for resale to
an income qualified individual per the requirements of the Neighborhood
Stabilization Grant.
Contract Number 129-2011
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All of which is agreed to this _25th _ day of _August_, 2011
WAYNE COUNTY, INDIANA
By: S/S Doug Williamson
Doug Williamson
President
CITY OF RICHMOND, INDIANA
By: S/S Sally Hutton
Sally Hutton
Mayor
BOARD OF PUBLIC WORKS AND SAFETY, RICHMOND, INDIANA
By: S/S Vicki Robinson
Vicki Robinson
By: S/S Dian Lawson
Dian Lawson
By: S/S Anthony L. Foster, II
Anthony L. Foster, 11
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