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. Legal Notice <br />AIRPORT ECONOMIC DEVELOPMENT AREA <br />Prairie Avenue Disposition Parcel <br />1313 Prairie Avenue <br />South Bend, Indiana <br />Notice is hereby given that the Redevelopment Commission of the City of South Bend, Indiana, will receive sealed offers <br />for the purchase of certain property situated in the Airport Economic Development Area until 10:00 a.m. (EDT) on the 19th <br />day of November 2010 in the Office of the Department of Redevelopment, 1200 County -City Building, 227 West Jefferson <br />Boulevard, South Bend, Indiana, 46601. All offers will be publicly opened and read aloud at 10:00 a.m. on the 19th day of <br />November 2010 at the Regular Meeting of the Redevelopment Commission to be held that date and time in Room 1308 <br />County -City Building, 227 West Jefferson Boulevard, South Bend, IN 46601. Bid proposals for the purchase of the <br />property offered will be considered. <br />The property being offered is located 1313 Prairie Avenue in the Airport Economic Development Area, in South Bend, <br />Indiana. Any proposal submitted must be for the entire parcel being offered. The required use for the Parcel is for Light <br />or General Industrial Use or Commercial - Industrial Use in accordance with the "GI" General Industrial District zoning <br />designation. Strong emphasis will be placed during the review process on compatibility with the goals and objectives of <br />Ignition Park. <br />A packet containing bid forms, the offering sheet and other pertinent information may be picked up at the Department of <br />Community and Economic Development, 1200 County -City Building, 227 West Jefferson Boulevard, South Bend, IN <br />46601. <br />The Commission reserves the right to reject any and all bids, and to make the award to the highest and best bidder. In <br />determining the best bid, the Commission will take into consideration the following: <br />1. The size and character of the improvements proposed to be made by each bidder on the property <br />2. Each bidder's ability to improve the property with reasonable promptness <br />3. Each bidder's proposed purchase price <br />4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the <br />Development Plan for the Airport Economic Development Area and will best serve the interest of the community <br />from the standpoint of human and economic welfare <br />5. The ability of each bidder to finance the proposed improvements to the property with reasonable promptness <br />The Commission further reserves the right to waive any formalities in bidding which are not mandatory requirements. <br />To secure the execution of the disposition agreement, the purchase of the property and the redevelopment thereof in <br />accordance with the agreement, the bidder must submit with the proposal a faithful performance guaranty, in the sum of <br />ten percent (10 %) of the amount offered for the purchase of the property. The guaranty sum may be in the form of a <br />certified check, a cashier's check, or surety bond, letter of credit from a bank or trust company as approved by the <br />Redevelopment Commission, or by other sufficient security, but the form, substance and terms of the performance <br />guaranty must be approved as satisfactory by the Redevelopment Commission. The performance guaranty, if by certified <br />check, shall be deposited in any account of the Department of Redevelopment, City of South Bend, in a bank or trust <br />company selected by the Redevelopment Commission. <br />CITY OF SOUTH BEND, INDIANA <br />DEPARTMENT OF REDEVELOPMENT <br />Donald Inks, Director <br />Publish Dates: October 22 ntl and October 2 9'h. 2010 <br />