HomeMy WebLinkAbout6B (6)A ((�)
Community & Economic Development
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 l/
From: David Relos, Economic Development Planner U1, .
Subject: Request to Advertise
2018 — 2020 S. Main St. Vacant Land (former EMI site)
Date: October 11, 2012
Attached is the Notice of Intended Disposition of Property (Notice) for 2018 — 2020 S.
Main St. in the Airport Economic Development Area.
This Notice will be advertised in both the South Bend Tribune and the Tri- County News
on October 19 and October 26.
Staff asks for approval of this Notice and the Request to Advertise, for the eventual
disposition of this property.
What We Do Today Makes A Difference!
Notice of Intended Disposition of Property
AIRPORT ECONOMIC DEVELOPMENT AREA
2018 - 2020 S. Main Street
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. (EST) on the 8th day of
November, 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. (EST) on the 8th day of November,
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 2018 - 2020 S. Main St, 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 are projects that are
permitted within the "GI" District zoning designation. Strong emphasis will be placed during the review process on compatibility
with the goals and objectives of the and the Airport Economic Development planning area, with an added preference for
development that compliments and enhances 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 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 use 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 outof 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: October 19 and October 26, 2012
11