2. Minutes 11/6/09 Meeting - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting -November 6, 2009 5. OLD BUSINESS A. South Bend Central Development Area (1) continued... Properties, and requesting issuance of a Certificate of Completion and return of the performance guarantee. The letter states the Center consh•ucted a children's facility on the Crescent Properties. However, the plans for another building, the Geropsychology Institute, located along Niles Avenue north of the Crescent Properties, were enlarged to house retail space, training areas and patient areas originally planned for• the children's facility. The gi°oup home was moved from the Crescent Properties to the corner of Turnock Street and South Bend Avenue with the collaboration of officials from the Northeast Neighborhood Revitalization Organization (NNRO) and the City. That group home accommodates eight patients. Additional facilities completed as part of the expansion plan included the Sunshine Club, an ADHD clinic and renovation of the Providence House. The total expansion plan cost $4 x,000,000 and resulted in the addition of five new facilities and the launch of new and expanded programs to service clients. Mr. Mathia noted that the $480.000 Madison Center paid for the Crescent Properties exceeded the lower of the two appraisals completed by MAI appraisers for the Commission at the time of sale (5473,000 and $570,000). That price also exceeded the estimated 5450,000 investment the Commission had made in the properties. While not all of the facilities planned for the Crescent Properties were built there, they 4