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Community & Economic Development r
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: David Relos, Economic Development Planner &Q4.
Subject: Request to Advertise
1017 W. Indiana Ave.
Date: August 16, 2012
Attached is the Notice of Intended Disposition of Property (Notice) for 1017 W. Indiana
Ave. in the Airport Economic Development Area.
This Notice will be advertised in both the South Bend Tribune and the Tri- County News
on August 24 and August 31.
Staff asks for approval of this Notice and the Request to Advertise, for the eventual
disposition of this property.
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Notice of Intended Disposition of Property
AIRPORT ECONOMIC DEVELOPMENT AREA
1017 W. Indiana Ave.
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 9:00 a.m. (EDT) on the 13th day of
September 2012 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 9:30 a.m. (EDT) on the 13th
day of September 2012 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 at 1017 W. Indiana Ave. in the Airport Economic Development Area, South Bend,
Indiana. Any proposal submitted must be for the entire parcel being offered. The required re -use for the parcel is any use
that is permitted within the "MU" Mixed Use District zoning designation. Strong emphasis will be placed during the review
process on compatibility with the goals and objectives of the Airport Economic Development planning area and the
neighboring Ignition Park PUD.
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.
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, 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 E. Inks, Director
Publish Dates: August 24 and August 31, 2012