26-09 Resolution Approving the Interlocal Agreement Between the City of South Bend, the County of St. Joseph, and the Michiana Area Council of Governments Establishing a Land Bank Pursuant to Indiana Code Section 36-7-38 et seq.

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ROSENTHAL I HENRY c: \Pli'AL ADVISORS Filed in Clerk's Office Mar 20, 2026 February 19, 2026 Bianca Tirado City Clerk, South Bend, IN Dear County Council Members: I understand that you all are considering the concept of supporting or creating a Land Bank to facilitate the transfer of property. I would like to add my robust support to this idea. As the founder of St. Joseph Capital Bank. I can attest that it would make it easier for banks to finance developers as they consider various projects. It would speed up the process of acquiring land and lower the costs of securing clear and clean title to properties. I myself am building a home on Lebanon St. in South Bend. Had the lots I'm acquiring been in the land bank, my project could have started sooner and made an impact on the neighborhood just that much more quickly. This home will house a new initiative I've created called Second Saturday Supper. As the name implies, I will host a dinner at my home each month for a large group of neighbors on the southeast side of town in order to facilitate community building. I his is a small project compared to other vv hich might occur if parcels of land were easier to acquire through the I.and Bank. I'm happy to discuss my support of the Land Bank further if you wish. In very simple terms. I see NO downside for our community and lots of potential upside. I sincerely hope you will approve the machinations involved in getting this Land Bank going. Sincerely. Jo osenthal F u er. Chairman. and CEO Rosenthal ; Henry Capital Advisors. Inc. 4220 Edison Lakes Parkway Ste. 310 Mishawaka, Indiana 46545 574-243-6502 4220 Edison Lakes Parkway, Suite 310, Mishawaka, Indiana 46545 (574) 243 6501 I (574) 276-1128