HomeMy WebLinkAboutResolution No. 3534 (Rejection of Bids Mishawaka Ave 2520)1
RESOLUTION NO. 3534
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
REJECTING ALL BIDS FOR PROPERTY IN THE RIVER EAST DEVELOPMENT
AREA
WHEREAS, the South Bend Redevelopment Commission (the “Commission”) exists and
operates pursuant to I.C. 36-7-14 (as amended, the “Act”); and
WHEREAS, pursuant to its powers under the Act, the Commission adopted its Resolution
No. 3525 dated October 8, 2020, establishing a minimum offering price of Sixty-Seven Thousand
Five Hundred Dollars ($67,500.00) for the purchase by an interested party of certain real property
located in the River East Development Area (the “Property”) and gave public notice of its desire
to receive sealed bids for the Property until 9:00 a.m. on November 12, 2020 (the “Bidding
Deadline”); and
WHEREAS, the Commission received one (1) bid ( “Bid”) for the Property before the
Bidding Deadline, and the Bid was opened and read aloud during the Commission’s public meeting
commencing at 9:30 a.m. on November 12, 2020; and
WHEREAS, pursuant to Section 22(f) of the Act, the Commission may reject any Bid for
the Property upon consideration of (1) the size and character of the improvements proposed to be
made by the bidder on the Property, (2) the bidder’s plans and ability to improve the Property with
reasonable promptness, (3) whether the Property when improved will be sold or rented, (4) the
bidder’s proposed sale or rental prices, (5) the bidder’s compliance with Section 22(d)(3) of the
Act, in the event the bidder is a trust, and (6) any factors that will assure the Commission that the
sale or lease, if made, will further the execution of the redevelopment plan for the River East
Development Area and best serve the interest of the community, from the standpoint of both human
and economic welfare; and
WHEREAS, upon the recommendation of the City of South Bend’s Department of
Community Investment and the Commission’s examination of the Bid, the Commission desires to
reject the Bid, as set forth herein; and
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The Commission hereby rejects the Bid due to its failure to assure the Commission
that a sale of the Property to the bidder will adequately further the redevelopment of the River East
Development Area and best serve the interest of the community from the standpoint of both human
and economic welfare and to propose improvements to the Property of a character desirable to the
Commission.
2. This Resolution will be in full force and effect upon its adoption by the
Commission.
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ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on
May 27, 2021, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
______________________________
Marcia I. Jones, President
ATTEST:
______________________________
Quentin M. Phillips, Secretary