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Bid Specifications & Design Considerations <br />Sale of Redevelopment Owned Property <br />1503 -1505 Prairie Ave. <br />Airport Economic Development Area <br />1. All of the provisions of I.C. 36- 7 -14 -22 will apply to the bidding process. <br />2. All offers must meet the minimum price listed on the Offering Sheet (page 7). <br />3. Proposals for redevelopment may include projects that are permitted within the <br />Light Industrial zoning designation. All proposals must conform to the existing <br />zoning provisions set forth for Light Industrial as outlined in the South Bend <br />Zoning Ordinance Title 21 of the City of South Bend Municipal Code. <br />4. 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 the goals and objectives of the surrounding neighborhood, <br />Ignition Park, as well as the Development Plan for the Airport Economic <br />Development Area. <br />5. Bidders are prohibited from the use of the property for speculation or land- <br />holding purposes. <br />6. All other provisions of the Airport Economic Development Area Development <br />Plan must be met. <br />10 <br />