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CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING –June 12, 2025 <br /> <br />4 <br /> <br />this would be an expansion of the River West district and Mr. Molnar <br />confirmed and also stated it would not change the zoning of the <br />properties. Secretary Wax asked if there is a separate tracking of the <br />tax increment for that area to ensure the funding is used to support <br />those neighborhoods and Mr. Molnar agreed. <br /> <br />Alex Olsen, with the Veritas Group, asked if Intend Indiana will collect <br />any TIF revenue to help with other projects and Mr. Molnar stated no. <br /> <br />Upon a motion by David Relos for approval, seconded by Gillian Shaw, <br />the motion carried unanimously; the Commission approved Resolution <br />No. 3643 as presented on June 12, 2025. <br /> <br />2. Access Agreement (Stoic Beverages) <br /> <br />Erin Michaels, Property Development Manager, presented a proposed <br />License Agreement for Temporary Use to allow ingress and egress <br />access for Stoic Beverages, LLC. This agreement supports the <br />development of a distillery and tasting room at 410 W Wayne St, a <br />project approved by the Redevelopment Commission on November 25, <br />2024. As part of the purchase agreement, Stoic Beverages has <br />committed to investing a minimum of $300,000 in site improvements <br />and completing construction by December 13, 2027. <br /> <br />The License Agreement would permit patrons of Stoic Beverages to <br />use an adjacent parcel—owned by the Redevelopment Commission— <br />for access to the site. Stoic Beverages will be responsible for <br />maintaining the parcel throughout the term of the agreement. <br /> <br />Key terms of the agreement include: <br />• Initial Term: 10 years from the date of approval <br />• Renewal: Automatically renewed for one-year periods thereafter <br />• Termination: Either party may terminate with 120 days’ notice <br /> <br />This agreement is expected to enhance traffic flow to the site and <br />support the broader redevelopment goals for the area. <br /> <br />Upon a motion by Eli Wax for approval, seconded by David Relos, the <br />motion carried unanimously; the Commission approved the Access <br />Agreement as presented on June 12, 2025. <br /> <br />3. Purchase Agreement for 2018-2020 S. Main St. (KCG Development <br />LLC) <br />