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South Bend <br />Redevelopment Commission <br /> 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana <br />Previously the RDC at the 6/11/26 approved up to $1.25M in River West TIF revenues to fund the EDC <br />loan. Subsequently, the Economic Development Corporation and the Common Council have also <br />approved their necessary steps for full approval of the EDC loan. <br />The Redevelopment Commission must hold a final public hearing prior to voting on the Resolution. <br />The proposed Development Agreement and Resolution are the final approval steps to authorize the loan. <br />$1,250,000 in River West TIF revenues, subject to appropriation, to fund an EDC Loan supporting the <br />project. No TIF funds will be disbursed until the acquisition of the property by L+M Development <br />Partners (through Beacon Apartments Preservation, LLC) is successfully completed. <br />Staff recommend approval of the Development Agreement and Resolution.