My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
6C3
sbend
>
Public
>
Redevelopment Commission
>
Agendas & Packets
>
2012
>
11-29-12 Packet
>
6C3
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/13/2014 12:34:25 PM
Creation date
11/27/2012 8:46:20 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
OFFERING SHEET <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />The South Bend Redevelopment Commission (the "Commission'), the governing body of the <br />City of South Bend, Indiana (the "City"), Department of Redevelopment, is offering for lease certain <br />personal property as described at Exhibit A attached hereto and incorporated herein (the "Property"). The <br />Property is to be used for economic development purposes in the Airport Economic Development Area <br />(the "Area ") and such use must comply with all requirements, terms, conditions, and limitations as set <br />forth herein. The following are the terms upon which the Commission will lease the Property: <br />Lease: The term of the lease agreement for the Property shall be seven (7) years <br />and the pricing terms shall be based upon a total Property value equal to <br />$138,000 (the "Property Value'). Annual rental payments under the <br />lease agreement shall be approximately one - seventh (1/7) of the Property <br />Value, unless otherwise agreed to by the Commission and the successful <br />bidder taking into account any additional agreed upon obligations of the <br />successful bidder. The lease agreement shall contain such other terms <br />and conditions mutually agreed to by the Commission and the successful <br />bidder. <br />Conditions: The Property may only be used for economic development purposes <br />within the Area. The successful bidder for the Property must <br />demonstrate to the satisfaction of the Commission that such successful <br />bidder will (a) promptly upon the completion of the first multi- tenant <br />facility at Ignition Park locate or relocate all of its City operations to a <br />location at or within Ignition Park, the South Bend Renaissance District <br />or otherwise within the Area and (b) utilize the Property in accordance <br />with a plan that anticipates the creation of at least thirteen (13) new jobs <br />in the Area tha[are related to the technology or biotechnology sector and <br />new capital investment of at least $2,600,000 within the Area. <br />Any proposals submitted to the Commission must be executed by an authorized individual and <br />describe with specificity the use of the Property in conjunction with the development thereof and <br />acknowledgment of the terms and conditions described hereinabove. In determining the best proposals, <br />the Commission shall consider the factors set forth in Indiana Code 36- 7- 14- 22(f). <br />Dated this day of 2012. <br />I� <br />M <br />DMS_US 51065959v2 <br />SOUTH BEND <br />REDEVELOPMENT COMMISSION <br />President <br />
The URL can be used to link to this page
Your browser does not support the video tag.