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Bid Specifications & Design Considerations Sale of Redevelopment Owned Property 2018 - 2020 S. Main Street Airport Economic Development Area 1. All of the provisions of I.C. 36- 7 -14 -22 will apply to the bidding process. 2. All offers must meet the minimum price listed on the Offering Sheet (page 7). 3. Proposals for redevelopment may include projects that are permitted within the "GI" District zoning designation. All proposals must conform to the existing zoning provisions set forth for the "GI" District as outlined in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. 4. Proposals for the reuse of the property must include a basic reuse plan for the site and a project timeline detailing aspects of the site redevelopment and site improvements. During the review process, emphasis will be placed on compatibility with the goals and objectives of the Development Plan for the Airport Economic Development Area, with an added preference for development that compliments and enhances the surrounding businesses and neighborhood. 5. Bidders are prohibited from the use of the property for speculation or land- holding purposes. 6. All other provisions of the Airport Economic Development Area Development Plan must be met. ILI;