HomeMy WebLinkAbout5A3 Request to Advertise (1202 S. Lafayette)
Redevelopment Commission Agenda Item
DATE: 06/02/23
FROM: Joseph Molnar
SUBJECT: Request to Advertise
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST: Request to Advertise
1602 S. Lafayette
Specifics: Attached is the Notice of Intended Disposition of Property (Notice) for 1602 S.
Lafayette. The property has been vacant for a number of years.
This Notice is planned to be advertised in the South Bend Tribune on June 16th and 23rd, 2023.
Staff requests approval of this Notice and the Request to Advertise, for the eventual disposition
of this property.
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
Notice of Intended Disposition of Property
RIVER WEST DEVELOPMENT AREA
1202 S. Lafayette
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 of certain property situated in the River West Development Area until 9:00 a.m. (local time) on the July 13, 2023
in the Office of the Department of Redevelopment, 1400 S. 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. (local time) on July 13, 2023 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, or in the event of cancellation or rescheduling, at the Redevelopment
Commission’s subsequent regular meeting or rescheduled regular meeting held at a time and place given by public notice.
Bid proposals for the purchase of the property offered will be considered.
The property being offered is located at 1202 S. Lafayette, in the River West Development Area, South Bend, Indiana. Any
proposal submitted must be for the site as noted on the Offering Sheet. The required re-use of the property is for projects that
are permitted within the U3 Urban Neighborhood 3 zoning designation. Strong emphasis will be placed during the review
process on compatibility with and support of the River West Development Area and the surrounding businesses and
neighborhood.
A packet containing bid forms, the Offering Sheet and other pertinent information may be picked up at the Department of
Community Investment, 1400 S. 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, and their compatibility with and
support of the proposed re-use as described in the Offering Sheet;
2. Each bidder’s ability to improve the property with reasonable promptness;
3. Each bidder’s proposed purchase price;
4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the Development
Plan for the River West Development Area and will best serve the interest of the community from the standpoint of
human and economic welfare; and
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 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 of the property. The guaranty sum may be in the form of a certified
check, a cashier’s check, 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 cashier’s or 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 COMMUNITY INVESTMENT
Joseph Molnar, Property Development Manager
Publish Dates: June 16 & June 23 2023