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HomeMy WebLinkAbout5A1 First Amendment to Development Agreement (United Way)Redevelopment Commission Agenda Item DATE: FROM: SUBJECT: April 22, 2021 Zach Hurst, PE Amendment to Development Agreement Funding Source* (circle one) River West; River East; South Side; Douglas Road; West Washington; RDC General *Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. Purpose of Request: This amendment to the recently approved Development Agreement with United Way, regarding their new Southeast Neighborhood Center, clarifies that the $1.4M funding allotment will also be used to pay the development’s System Development Charge, in accordance with City ordinance and policy. The SDC for this project is estimated at $11,664. INTERNAL USE ONLY: Project ID: PROJ ; Total Amount – New Project Budget Appropriation $_______________; Total Amount – Existing Project Budget Change (increase or decrease) $_______________; Funding Limits: Engineering: $_____________________; Other Prof Serv Amt $_______________; Acquisition of Land/Bldg (circle one) Amt: $___________; Street Const Amt $________________; Building Imp Amt $_________; Sewers Amt $_________; Other (specify) Amt $ ________________ _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION FIRST AMENDMENT TO DEVELOPMENT AGREEMENT THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (this “First Amendment”) is made on April 22, 2021, by and between the South Bend Redevelopment Commission, the governing body of the City of South Bend Department of Redevelopment (the “Commission”), and United Way of St. Joseph County, Inc. (the “Developer”) (each a “Party,” and collectively the “Parties”). RECITALS A. The Commission and the Developer entered into a Development Agreement dated April 8, 2021 (the “Development Agreement”), pertaining to certain local public improvements ("LPI") to a community center in the River West Development Area (the "Project"). B. As part of the Project, the Parties desire to use a portion of the Funding Amount for the payment of the system development charge, which charge was not set forth in the definition of the LPI. C. The Parties desire to modify the Development Agreement to include the system development charge as a part of the LPI. NOW, THEREFORE, in consideration of the mutual promises and obligations stated in the Development Agreement and this First Amendment, the adequacy of which is hereby acknowledged, the Parties agree as follows: 1. Exhibit C, Description of Local Public Improvements, shall be deleted in its entirety and replaced with the attached Exhibit C. 2. The Developer hereby expressly reaffirms its obligations under the Development Agreement, and, unless expressly modified by this First Amendment, the terms and provisions of the Development Agreement remain in full force and effect. 3. Capitalized terms used in this First Amendment will have the meanings set forth in the Development Agreement unless otherwise stated herein. 4. The recitals set forth above are hereby incorporated into the operative provisions of this First Amendment. 5. This First Amendment will be governed and construed in accordance with the laws of the State of Indiana. 6. This First Amendment may be executed in separate counterparts, each of which when so executed shall be an original, but all of which together shall constitute one and the same instrument. Any electronically transmitted version of a manually executed original shall be deemed a manually executed original. IN WITNESS WHEREOF, the Parties hereby execute this First Amendment to Development Agreement as of the first date stated above. SOUTH BEND REDEVELOPMENT COMMISSION By:____________________________________ Marcia I. Jones, President ATTEST: By:____________________________________ Quentin M. Phillips, Secretary UNITED WAY OF ST. JOSEPH COUNTY, INC. By: _____________________________________ Laura Jensen, Chief Executive Officer EXHIBIT C Description of Local Public Improvements The Commission will complete, or cause to be completed, the following work in accordance with the terms and conditions of this Agreement and in compliance with all applicable laws and regulations: purchase of playground equipment, payment of system development charge, site preparation work, landscaping, stormwater management infrastructure, asphalt paving, and/or concrete flatwork.