HomeMy Public PortalAbout001-2006 - consenting to the assignment ofBOARD OF PUBLIC WORKS AND SAFETY
OF THE CITY OF RICHMOND, INDIANA
RESOLUTION NO. 1 -2006
A RESOLUTION CONSENTING TO THE ASSIGNMENT
OF REAL ESTATE SALES AGREEMENT
WHEREAS, The Board of Public Works and Safety ( "Board ") is the disposing
agent for real property owned and to be transferred or acquired by
the City of Richmond, Indiana ( "City ") pursuant to the provisions
of Indiana Code (IC) 36 -1 -11, et. Seq. (the "Act "); and
WHEREAS, On May 3, 2005, the City of Richmond, Indiana, acquired the real
estate described in Exhibit A by virtue of a Sheriff's Deed dated
April 14, 2005 and recorded on May 3, 2005, as Instrument
Number 2005004582 in the offices of the Recorder of Wayne
County, Indiana, consisting of approximately 91.788 acres, more
or less; and
WHEREAS, The City of Richmond, Indiana entered into a Purchase Agreement
with Ground Level Properties, LLC, on November 30, 2005, to
purchase from the City of Richmond, Indiana, the real estate
located at 1100 Industries Road, Richmond, Indiana and legally
described in Exhibit A, for the sum of One Million Five Hundred
Thousand and Ten Dollars ($1,500,010.00); and
WHEREAS, Ground Level Properties, LLC has, pursuant to the November 30,
2005 Purchase Agreement with the City of Richmond, deposited
earnest money in the sum of One Hundred Fifty Thousand Dollars
($150,000.00) with the City of Richmond, Indiana; and
WHEREAS, On January 19, 2006, Ground Level Properties, LLC, assigned to
Rose City Business Park, L.L.C., its interest in the former
Carpenter property located at 1100 Industries Road, Richmond,
Indiana; a copy of said assignment is attached hereto and set forth
in Exhibit B; and
WHEREAS, Said Assignment of Real Estate Sales Agreement from Ground
Level Properties, LLC, to Rose City Business Park, L.L.C., is
necessary to complete the sale of the former Carpenter property
located at 1100 Industries Road, Richmond, Indiana, and said
assignment does not in any way prejudice or affects the rights of
City; and
WHEREAS, Rose City Business Park, L.L.C. is duly authorized to take all
action pursuant to the November 30, 2005 Purchase Agreement
with the City of Richmond, Indiana, and has or will properly and
timely execute all documents necessary to purchase the subject real
estate set forth in Exhibit A and located at 1100 Industries Road,
Richmond, Indiana.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS
AND SAFETY OF RICHMOND, INDIANA, that said Board consents to and agrees to
the Assignment of Real Estate Sales Agreement from Ground Level Properties, LLC, to
Rose City Business Park, L.L.C.
NOW FURTHER BE IT RESOLVED BY the Board of Public Works and Safety of
Richmond, Indiana, that the Board President, John P. Kenny, for and on behalf of the
City of Richmond, Indiana, acting through its Board of Public Works and Safety of
Richmond, Indiana, be authorized to sign the Assignment of Real Estate Sales Agreement
from Ground Level Properties, LLC, to Rose City Business Park, L.L.C., and to sign any
and all other documents necessary or required to effectuate the Assignment of Real Estate
Sales Agreement from Ground Level Properties, LLC, to Rose City Business Park,
L.L.C.
THIS RESOLUTION IS ADOPTED THIS 19TH DAY OF JANUARY, 2006.
City of Richmond
Board of Public Works and Safety
S/S John P. Kenny
John P. Kenny, Chairman
S/S Dian Lawson
Dian Lawson
S/S Mary Jo Flood
Mary Jo Flood