HomeMy WebLinkAbout6D(18) Authorization to publish notice of intended disposition of propertyL -_1) C(k)
• r a n d u m SOUTN BF
Community & Economic Development
1865
1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021
To: South Bend Redevelopment Commission
From: Bill Schalliol, Economic Development Planner
Subject: Request Permission to Advertise
Prairie Avenue Disposition Parcel
Date: October 12, 2010
Attached is the Legal Notice for the disposition of the Prairie Avenue Disposition Parcel
located at 1313 Prairie Avenue in the Airport Economic Development Area. The
advertisements will be printed in both the South Bend Tribune and the Tri- County News on
October 22nd and October 29nd. Staff asks for the approval of the request to advertise for
the disposition of this parcel on the two aforementioned dates.
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. Legal Notice
AIRPORT ECONOMIC DEVELOPMENT AREA
Prairie Avenue Disposition Parcel
1313 Prairie Avenue
South Bend, Indiana
Notice is hereby given that the Redevelopment Commission of the City of South Bend, Indiana, will receive sealed offers
for the purchase of certain property situated in the Airport Economic Development Area until 10:00 a.m. (EDT) on the 19th
day of November 2010 in the Office of the Department of Redevelopment, 1200 County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana, 46601. All offers will be publicly opened and read aloud at 10:00 a.m. on the 19th day of
November 2010 at the Regular Meeting of the Redevelopment Commission to be held that date and time in Room 1308
County -City Building, 227 West Jefferson Boulevard, South Bend, IN 46601. Bid proposals for the purchase of the
property offered will be considered.
The property being offered is located 1313 Prairie Avenue in the Airport Economic Development Area, in South Bend,
Indiana. Any proposal submitted must be for the entire parcel being offered. The required use for the Parcel is for Light
or General Industrial Use or Commercial - Industrial Use in accordance with the "GI" General Industrial District zoning
designation. Strong emphasis will be placed during the review process on compatibility with the goals and objectives of
Ignition Park.
A packet containing bid forms, the offering sheet and other pertinent information may be picked up at the Department of
Community and Economic Development, 1200 County -City Building, 227 West Jefferson Boulevard, South Bend, IN
46601.
The Commission reserves the right to reject any and all bids, and to make the award to the highest and best bidder. In
determining the best bid, the Commission will take into consideration the following:
1. The size and character of the improvements proposed to be made by each bidder on the property
2. Each bidder's ability to improve the property with reasonable promptness
3. Each bidder's proposed purchase price
4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the
Development Plan for the Airport Economic Development Area and will best serve the interest of the community
from the standpoint of human and economic welfare
5. The ability of each bidder to finance the proposed improvements to the property with reasonable promptness
The Commission further reserves the right to waive any formalities in bidding which are not mandatory requirements.
To secure the execution of the disposition agreement, the purchase of the property and the redevelopment thereof in
accordance with the agreement, the bidder must submit with the proposal a faithful performance guaranty, in the sum of
ten percent (10 %) of the amount offered for the purchase of the property. The guaranty sum may be in the form of a
certified check, a cashier's check, or surety bond, letter of credit from a bank or trust company as approved by the
Redevelopment Commission, or by other sufficient security, but the form, substance and terms of the performance
guaranty must be approved as satisfactory by the Redevelopment Commission. The performance guaranty, if by certified
check, shall be deposited in any account of the Department of Redevelopment, City of South Bend, in a bank or trust
company selected by the Redevelopment Commission.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
Donald Inks, Director
Publish Dates: October 22 ntl and October 2 9'h. 2010