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<br />South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br /> <br /> <br /> <br />• Update the Project Plan to clarify the Developer will complete the Colfax Ave streetscape improvements <br />adjacent to Phase II from the curb line to the Developer’s property <br /> <br />In total, the Developer is intending to expend a minimum of $40,500,000 investment into Phase II of the project, <br />far exceeding Phase II estimates at the time the Agreement was approved in 2018. This scale of construction will <br />provide further tax revenues, add increased vitality to the East Bank area and greater Downtown South Bend, <br />and activate a currently vacant lot. <br /> <br />Staff recommend approval of the Third Amendment.