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45pU71(8R <br />M, 1 Department of <br />Community <br />Memorandum <br />Investment <br />Wednesday, February 13, 2013 <br />TO: RedevelopmenUAed sion and d of Public Works <br />FROM: Bill Schalliol <br />SUBJECT: Amendment to Counter -Offer - Caroline Partners /Gates & Gates Realty <br />Attached to this memorandum is the Amendment to Accepted counter -Offer related to property <br />acquisition and transfer between the South Bend Redevelopment Commission ( "Commission ") and <br />Gates & Gates Realty, LLC (formerly Caroline Partners) ( "Gates "). The original agreement between <br />the Commission and Gates dates back to June 13, 2007, and created a framework between the <br />partners in which both parties were going to acquire, clear and transfer land between the partners to <br />allow for right -of -way necessary for the Main - Lafayette Connector project to be transferred to the <br />Commission from Gates in exchange for consolidated properties and excess land to be transferred to <br />Gates from the Commission. <br />The agreement between the partners was based upon a site plan that was part of the planning <br />documents for the corridor that were developed in 2004. The original city design was to construct a <br />crossover intersection merging Main into Lafayette, constructing a new drive from Michigan at Walter <br />Streetto the Theater complex, and working with private property owners to assemble development <br />sites. In 2006, the City began a partnership with Gates Automotive to work on site assembly for a <br />new GM and Toyota dealership on the City's south side. The project originally included total <br />acquisition of all properties in the SE quadrant of the new crossover roadway, but the site footprint <br />was called back when the Toyota site landed at Erskine Commons. Gates had continued their <br />massive assembly of property in the block area between Main and Lafayette and the Commission <br />determined that a joint approach would help consolidate the site. <br />In 2007, the original deal was approved between the Commission and Gates and the parties <br />identified in the agreement certain properties that would transfer to Gates and certain properties <br />that would transfer to the Commission. Many of the transfer were done at the time but the <br />agreement contemplated a final transfer at the time that the final right -of -way alignment for the <br />Main - Lafayette project was established. <br />In 2010, Lawson- Fisher & Associates was hired to design the Main - Lafayette Connector. After many <br />iterations a final design path was established in 2012. Once the property and right -of -way line were <br />established, the property acquisition team, which included DLZ, began the process of working with <br />the Gates team to finalize and amend the 2007 agreement. <br />The attached document describes all of the conveyance pieces associated with this transaction and <br />sets a final value for the right of way needing to be acquired. The drawing included in the packet <br />(page 6) shows the conveyance path and overlays the final road right -of -way on the map. There is <br />also a full work out of the square foot transfer plan on page 5. The final cash value of the transfer is <br />227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 1 P: 574 - 235 -9371 1 FAX: 574 - 235 -9021 1 SOUTHBENDIN.GOV <br />