HomeMy WebLinkAbout5A3 Property Transfer RDC to BPW (900 S Franklin)
Redevelopment Commission Agenda Item
DATE: 5/22/23
FROM: Joseph Molnar
SUBJECT: Transfer of 900 S Franklin To BPW
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST: Transfer of 900 S Franklin to the Board of Public Works as a part of a larger
Affordable Housing Project
Specifics: During the fall of 2022, the Redevelopment Commission issued a Request for
Proposals for a variety of RDC owned sites. Advantix Development Corporation , an Indiana
based nonprofit, responded to the RFP with a request for a variety of properties. As directed by
RDC, City Staff has been working over the past few months with Advantix for selection of a
variety of scattered properties for a proposed 2023 Low Inco me Housing Tax Credit application.
City Staff and Advantix have identified properties for the application. All the properties except
one are currently held by the Board of Public Works. The one large property that Advantix has
requested for the application is 900 S Franklin. City Staff requests the transfer of 900 S Franklin
to the BPW so that one purchase agreement with Advantix can be agreed upon.
If the proposed LIHTC application is not approved, City Staff will request a transfer of 900 S
Franklin from BPW back to RDC.
City Staff recommends approval of the Resolution.
INTERNAL USE ONLY: Project Code: _______________________________________________;
Total Amount new/change (inc/dec) in budget: _______________; Break down:
Costs: Engineering Amt: ______________________; Other Prof Serv Amt_________________;
Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt ________________;
Building Imp Amt_________; Sewers Amt_________; Other (specify) Amt: ________________
___________________________________________. Going to BPW for Contracting? Y/N
Is this item ready to encumber now? ____ Existing PO#__________ Inc/Dec $_____________
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION