HomeMy WebLinkAbout5A3 Request to Advertise (900-1002 S Lafayette)CITY OF SOUTH BEND
REDEVELOPMENT COMM ISSION
Redevelopment Commission Agenda Item
DATE: October 25, 2018
FROM: David Relos, Property Development Manager e I
SUBJECT: Request to Advertise
900 — 1002 S. Lafayette Blvd. Disposition
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST:
Attached is the Notice of Intended Disposition of Property (Notice) for 900 — 1002 S.
Lafayette Blvd., in the River West Development Area.
This Notice will be advertised in the South Bend Tribune on November 2 and November
9, 2018.
Staff requests approval of this Notice and the Request to Advertise, for the eventual
disposition of this property.
INTERNAL USE ONLY: Project Code:
Total Amount new/change (inc/dec) in budget: -0- ; Breakdown:
Costs: Engineering Amt: ; Other Prof Sery Amt
Acquisition of Land/Bldg (circle one) Amt: ; Street Const Amt
Building Imp Amt ; Sewers Amt ; Other (specify) Amt:
Going to BPW for Contracting? Y/N
Is this item ready to encumber now? _N/A_ Existing PO# Inc/Dec $
EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT
1400S County -City Building 227W. Jefferson Blvd. South Bend, Indiana 46601 p574.235.9371 f574.235.9021 www.southbendin.gov
Notice of Intended Disposition of Property
RIVER WEST DEVELOPMENT AREA
900 — 1002 S. Lafayette Blvd.
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 River West Development Area until 9:00 a.m. (local time) on the 19th day of
November, 2018 in the Office of the Department of Redevelopment, 1400 S. County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana, 46601. All offers will be publicly opened and read aloud at 9:30 a.m. (local time) on the 19th
day of November, 2018 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, or in the event of cancellation or
rescheduling, at the Redevelopment Commission's subsequent regular meeting or rescheduled regular meeting held at a time
and place given by public notice. Bid proposals for the purchase of the property offered will be considered.
The property being offered is located at 900 — 1002 S. Lafayette Blvd., in the River West Development Area, South Bend,
Indiana. Any proposal submitted must be for the entire site. The required re -use of the property is for commercial projects
that are permitted within the Light Industrial or lesser zoning designation. Strong emphasis will be placed during the review
process on compatibility with the River West Development Area, Ignition Park planning area, and the surrounding businesses
and neighborhood.
A packet containing bid forms, the Offering Sheet and other pertinent information may be picked up at the Department of
Community Investment, 1400 S. 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 use of the improvements proposed to be made by each bidder on the property, and their compatibility with the
proposed re -use as described in the Offering Sheet
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 River West 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.
A bid submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each:
(A) beneficiary of the trust; and
(B) settlor empowered to revoke or modify the trust.
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, 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 cashier's or 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 COMMUNITY INVESTMENT
James Mueller, Executive Director ,
Publish Dates: November 2 and November 9, 2018