No. 2241 approving a development agreement with gameday centers Southeastern, LLC and related matters

Home Browse Search

t RESOLUTION NO. 2241 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING A DEVELOPMENT AGREEMENT WITH GAMEDAY CENTERS SOUTHEASTERN, LLC AND OTHER RELATED MATTERS WHEREAS, the South Bend Redevelopment Commission ( "Commission ") is the governing body of the City of South Bend Department of Redevelopment established under the Redevelopment of Cities and Towns Act of 1953, as amended, being Indiana Code § 36- 7 -14 -1 et seq. (the "Act "); and WHEREAS, redevelopment and the stimulation of economic development are of benefit to the health and welfare of the people of Indiana and the citizens of the City of South Bend, Indiana (the "City "), are public uses and purposes for which public money may be spent and are a public utility and benefit; and WHEREAS, the Commission has the power and duty to investigate, study, and develop areas within the corporate boundaries of the South Bend Redevelopment District (the "District ") •that the Commission has determined to be blighted, stagnant or deteriorating in order to encourage economic development and redevelopment; and WHEREAS, the property located at 121 S. St. Joseph Street and more particularly described at Exhibit A of the Development Agreement (as defined below) (the "Site ") is located within the corporate boundaries of the City, the South Bend Redevelopment District (the "District "), and the South Bend Central District Development Area (the "Area "), which Area has been previously determined by the Commission to be an area needing redevelopment in accordance with the Act; and WHEREAS, evidence presented to the Commission suggests that additional parking in the Area is needed to facilitate the redevelopment of the Area; and WHEREAS, the Commission has awarded the development of the air -rights of the Site above a proposed parking structure to Gameday Centers Southeastern, LLC (the "Developer ") pursuant to a bid submitted by the Developer in which the Developer proposed constructing, developing and equipping a condo and hotel development project containing approximately one hundred fifty (150) condos and providing approximately one hundred (100) hotel spaces (assuming the condo owners make them available for such purpose) (the "Condo Development "); and WHEREAS, the Developer now proposes constructing, developing, and equipping a (i) privately owned and operated parking facility containing approximately three hundred fifty -nine