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5B4 Development Agreement (321 W. Wayne St.) - Signed
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5B4 Development Agreement (321 W. Wayne St.) - Signed
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11/14/2024 2:05:04 PM
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11/14/2024 2:04:56 PM
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Board of Public Works
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13 <br />EXHIBIT B <br />Project Plan <br />The Developer will complete the development of certain property to revive a 17,000 sq. ft. <br />century-old warehouse, eliminating blight and creating a cultural and entertainment <br />destination that enhances the vibrancy of downtown South Bend. Specifically, this <br />development will include: <br />•$1,500,000 total investment into the Property <br />•Opening of a brewery containing a pizza kitchen, tap room, and a family <br />entertainment activity (such as duckpin bowling), which shall remain in operation <br />for a minimum of three (3) years from the date of opening for business <br />•Renovation of the entire 17,000 sq. ft. building <br />The Developer will complete the work contemplated herein in accordance with the terms <br />and conditions of this Agreement and in compliance with all applicable laws and <br />regulations. <br />The structures will be considered complete upon the issuance of Certificates of Occupancy <br />and documented evidence of the full $1,500,000 investment.
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