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Community & Economic Development r,
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: David Relos, Economic Development Planner
Subject: Request to Advertise
325 — 333 S. Lafayette Blvd. (former Schilling's Camera)
Date: November 08, 2012
Attached is the Notice of Intended Disposition of Property (Notice) for 325 — 333 S.
Lafayette Blvd. in the South Bend Central Development Area.
This Notice will be advertised in both the South Bend Tribune and the Tri- County News
on November 16 and November 23.
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
SOUTH BEND CENTRAL DEVELOPMENT AREA
Former Schilling's Camera
325 - 333 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 or lease of certain property situated in the South Bend Central Development Area until 9:00 a.m. (EST) on the
13th day of December, 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 13th day of December, 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 or
lease of the property offered will be considered.
The property being offered is located at 325 - 333 S. Lafayette Blvd., in the South Bend Central Development Area, South
Bend, Indiana. Any proposal submitted must be for the entire parcel being offered. The required re -use for the parcel is for
projects that are permitted within the CBD zoning designation. Strong emphasis will be placed during the review process on
compatibility with the goals and objectives of the Coveleski Redevelopment Area and the South Bend Central Development
planning area.
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 or lease price
4. Any factors which will assure the Commission that the sale or lease, if made, will further the carrying out of the
Development Plan for the South Bend Central 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 or lease 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 price or annual lease payment 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: November 16 and November 23, 2012