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South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />DATE : 12/12/2024 <br />FROM: Joseph Molnar – Assistant Director of Growth & <br />Opportunity <br />SUBJECT: Certificate of Completion – Cultivate Food Rescue <br />Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. <br />* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the <br />authorization of the expenditure of such funds shall be void and of no effect. <br />PURPOSE OF REQUEST: Issue Certificate of Completion for Cultivate Food Rescue <br />SPECIFICS: On July 28, 2022, the RDC and Cultivate Culinary School and Catering entered into a Real Estate <br />Purchase Agreement (the “Agreement”) for property located at 1503-1505 Prairie in order to build a new cold <br />storage facility. <br />Cultivate Culinary School & Catering have completed construction of the new cold storage facility and has <br />performed all of the Buyer’s Post-Closing Development Obligations as required under the Purchase Agreement <br />and provided the appropriate documentation. <br />-Within Sixty (60) Months after Closing expend no less than $3,000,000 on improvements to the site <br />o Cultivate expended greater than $3,000,000 on improvements to the site and has completed <br />construction in Twenty-Six (26) months and has provided satisfactory records showing the <br />amount expended. <br />-Commence Construction within Thirty-Six Months of Closing Date <br />o Cultivate began and completed construction within Twenty-Six (26) months of Closing Date <br />-Develop a cold storage food facility no less than 12,000 SF in area <br />o Cultivate constructed a cold storage facility of 23,240 SF in area <br />-Employe a minimum of Twelve (12) full-time employees <br />o Cultivate has confirmed they employ Twenty-Two (22) full-time employees at this facility <br /> Staff requests approval. <br />_________________________Pres/V-Pres <br />ATTEST: __________________Secretary <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />12-12-2024 <br />