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EXHIBIT B <br /> <br /> <br />Bid Specifications and Design Considerations <br /> <br />Sale of Redevelopment Owned Property <br />Lot 3 Project X Minor 03-04 New Replat Tr 5162 718-2002Tax ID: 018-8075-284101/ <br />Commonly Known As: 1818 W Sample Street <br />River West Development Area <br /> <br />1. All of the provisions of I.C. 36-7-14-22 will apply to the bidding process. <br /> <br />2. All offers must meet the minimum price listed on the Offering Sheet (page 7). <br /> <br />3. Proposals for redevelopment are required to be for projects that are permitted <br />within the I Industrial zoning designation. All proposals must conform to the <br />existing zoning provisions as outlined in the South Bend Zoning Ordinance Title <br />21 of the City of South Bend Municipal Code. <br /> <br />Proposals for the reuse of the property must include a basic reuse plan for the <br />site and a project timeline detailing aspects of the site redevelopment and site <br />improvements. During the review process, emphasis will be placed on <br />compatibility with and support of the goals and objectives of the surrounding <br />businesses and neighborhood and the Development Plan for the River West <br />Development Area. <br /> <br />4. Bidders are prohibited from the use of the property for speculation or land- <br />holding purposes. <br /> <br />5. All other provisions of the River West Development Area Development Plan must <br />be met.