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HomeMy WebLinkAbout5C1 First Amendment to Development Agreement and Report (Gemini-Colfax) Redevelopment Commission Agenda Item DATE: March 6, 2023 FROM: Zach Hurst, PE SUBJECT: First Amendment to DA – SBHF-Colfax-Gemini Apts. 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: The original Development Agreement with South Bend Heritage Foundation (SBHF) regarding the Gemini at Colfax Apartments stipulated that $1M in City funding would be allocated to the property in exchange for a maximum for six (6) Permanent Supportive Housing vouchers being used at the property to help with the City’s housing issues. The original agreement had a completion date of December 31, 2021. The City successfully completed four (4) projects at the property: • Roof Replacement: $143,679 • Masonry Repairs: $368,128 • New Fire Stairs: $163,000 • New Water Line: $65,457 The City attempted a fifth project covering window replacement ($207,000), but the project stalled out during the COVID pandemic in 2021, leading to a contract cancellation through Board of Public Works in April 2022. SBHF maintains possession of the windows purchased by the City, and will work with a local contractor to install the remaining windows at their own labor cost. $70,000 remains from the original project budget after completion of the four projects mentioned above, as well as the contract cancellation regarding the windows. The City has been working with SBHF to scope out a small project to use the remaining funds. SBHF has a small masonry and sidewalk project scoped out to address deteriorating areas. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Page | 2 This first amendment to the Development Agreement would extend the completion date to December 31, 2023, allowing Board of Public Works to solicit and award a small masonry contract. INTERNAL USE ONLY: Project ID: PROJ 35 ; 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 $ ________________