Redevelopment Commission Minutes 05.08.25 - Signed

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CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 8, 2025 4 and provide clarity and administrative ease to both parties involved. In return for the RDC agreeing to this new release, the Developer promises to include in its plans a commitment to dedicate all necessary rights-of-way on the project site, which will enable the development of a public street and public utilities to serve the site and connect neighboring properties, including the Commission’s property. This was already the plan, but this agreement confirms it. During construction, the River Glen Office site will still have access to Monroe and Columbia Streets. Once the project is fully developed, the River Glen Office Park will have much better access to Jefferson Boulevard/Wayne Street through a newly built public road and sidewalks that currently exist today. President Warner inquired about the specific location of the easement and what alternative access would exist for the RDC property and Ms. Campbell Weiss explained that RDC would retain access to the most utilized entry and exit points. Secretary Wax asked why the temporary easement would not be satisfactory to J.C. Hart. Timothy Schuster, J.C. Hart Attorney, explained that when we first drafted this document, the timing was different. Now, we need to move up the timing. Our main concerns are: 1. From an administrative perspective. 2. Adding clarity for our construction lender. The old agreement focused a lot on the timing of road construction. The economic development agreement includes the construction of roadways by the City, and we were worried our lender would be concerned about delays because the city is responsible for that work. To keep things simple, it's easier to escrow this and record it when we close, as Ms. Campbell Weiss mentioned. This easement is rarely used. Once the roads are completed, there will be public right of way in that area, allowing access from the River Glen Office Park site to Wayne/Jefferson Street. Secretary Wax asked what is the consideration in this case? Is it commitment, or are the future site plans the consideration? Mr. Schuster stated that the commitment is to include the dedication of rights-of-way in the plans and specifications submission. Upon a motion by David Relos for approval, seconded by Gillian Shaw, the motion carried unanimously; the Commission approved Agreement as presented on May 8, 2025.