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CITY OF SOUTH BEND E COMMUNITY INVESTMENT <br />Property Bid Submisslon Document <br />i SUM <br />Proposed Use, <br />The purpose of the purchase of 901 E Miner would be to combine <br />this property with the adjoining lots so that a cohesive plan for <br />ct <br />residential development could be established that meets the needs <br />and the requirements of the community. <br />Financial Plan, -.............._.__ _mm..�„,._�....._ ...,_ , <br />The purchase of the lot would be a cash purchase. The developmen <br />of residential units would be done by the petitioner/ bidder or a <br />partnership with an established developer. <br />10.pt ,,, <br />Tin�eframe. �........�.,......,�...,..�..___.�. <br />�. <br />The timeframe for development would be dependent on the <br />establishment of the new zoning categories scheduled for <br />January 1, 2020 as well as the proposed study for the Eddy Street <br />Corridor and surrounding properties. We would,want to work closely with the <br />city of South Bend to determine the highest and best use for the property related <br />to their findings of this study. One to three years. <br />Gene...�.� ........... �_.......�..............._ <br />fit to Neighborhood: <br />I feel very positive about bringing high quality, affordable housing; <br />to theNortheast neighborhood. Being as close as this property 'is to <br />Notre Dame and St. Joseph HighSchool the need is there to fill the ' <br />/iOp " <br />demand for flexible residential homes. Tim Corcoran has given me <br />some great ideas for flexable single family and medium density <br />housing where an owner could offset mortgage expense. <br />Consist ..�....�. � ; <br />ency with Zoning: <br />7 <br />The property is zoned for residential use presently and I feel that the <br />future use would be best served for residential development as well. <br />d.. r�nount. ,,,,,_.. .. .�._ ..... <br />Bid Ar <br />. <br />$15,500 Fifteen -Thousand Five Hundred Dollars <br />/isa <br />Name: Kenneth L. Kent Jr. aka DCBA LLC <br />Address: 15398 Roscommon Lane City, State, Zip: Granger, IN, 46530 <br />Phone: (547) 286-1705 <br />Signature: <br />Email: klkjr12 aol.com <br />Date: 1 2 1 -j l CAI <br />Kenneth L. Kent Jr. is a licensed Real Estate Broker in the State of Indiana. <br />Page 13 <br />