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HomeMy WebLinkAbout5A1_Lease Agreement & Donation AgreementRedevelopment Commission Agenda Item DATE: 04/23/2024 FROM: Joseph Molnar SUBJECT: Lease Agreement & Donation Agreement YMCA Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington PURPOSE OF REQUEST: Separate approval of Donation Agreement and Lease Agreement with the YMCA On March 28th 2024, the RDC approved the buyout of the former ground lease associated with Leighton Healthplex Building, giving the City full ownership interests to that building. At that time, RDC also approved a temporary lease agreement with Beacon Health System to remain in the ground floor of the building for physical therapy services and the 3, 4, 5 floors for the Beacon Health and Fitness gym. Beacon has alerted RDC staff that they will be vacating the health and fitness portion of their leased space at the end of May. In the meantime, the YMCA and City staff had been in discussions regarding expanding the YMCA’s presence in South Bend to complement the existing partnership at the O’Brien Center. Upon learning of Beacon's intent to vacate the health and fitness portion of the Leighton Healthplex Building, the City began to discuss with the YMCA the possibility of their tenancy in the building, which ultimately led to the two agreements being considered at this meeting. The Lease Agreement being considered at this meeting contains a long-term commitment by the YMCA to occupy and operate a fitness center in the Leighton Healthplex Building. In exchange for long-term reduced rent in the space, the YMCA has agreed to donate the former YMCA on Northside Blvd. to the RDC. RDC staff believe that the former YMCA is a good redevelopment opportunity site within the River East Development Area. The YMCA would lease the 3, 4, 5 floors of the Leighton Healthplex Building to operate a fitness center. In addition to the services currently provided by Beacon, the YMCA would eventually add child watching services in a portion of the 2nd floor of the building for parents who desire to use the YMCA's fitness services. The YMCA would pay 1/3 of the total utility costs for the building during the term of the lease, _________________________Pres/V-Pres ATTEST: __________________Secretary Date: __4.25.26 APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION X Page | 2 which extends through December 31, 2032. YMCA members will have full use of both the O’Brien Center and the new downtown YMCA center as well. Members of Beacon Health & Fitness South Bend who wish to maintain access to a downtown fitness facility will receive an exclusive invitation to join the YMCA. City staff would operate under the current MOU with the YMCA and receive discounted memberships. Staff requests approval of both agreements. 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 $_____________ 25