Loading...
HomeMy WebLinkAbout5B5 Certificate of Completion (Cultivate Food Rescue) - SignedSouth Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 12/12/2024 FROM: Joseph Molnar – Assistant Director of Growth & Opportunity SUBJECT: Certificate of Completion – Cultivate Food Rescue Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. * Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. PURPOSE OF REQUEST: Issue Certificate of Completion for Cultivate Food Rescue SPECIFICS: On July 28, 2022, the RDC and Cultivate Culinary School and Catering entered into a Real Estate Purchase Agreement (the “Agreement”) for property located at 1503-1505 Prairie in order to build a new cold storage facility. Cultivate Culinary School & Catering have completed construction of the new cold storage facility and has performed all of the Buyer’s Post-Closing Development Obligations as required under the Purchase Agreement and provided the appropriate documentation. -Within Sixty (60) Months after Closing expend no less than $3,000,000 on improvements to the site o Cultivate expended greater than $3,000,000 on improvements to the site and has completed construction in Twenty-Six (26) months and has provided satisfactory records showing the amount expended. -Commence Construction within Thirty-Six Months of Closing Date o Cultivate began and completed construction within Twenty-Six (26) months of Closing Date -Develop a cold storage food facility no less than 12,000 SF in area o Cultivate constructed a cold storage facility of 23,240 SF in area -Employe a minimum of Twelve (12) full-time employees o Cultivate has confirmed they employ Twenty-Two (22) full-time employees at this facility Staff requests approval. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION 12-12-2024  CROSS REFERENCE: Document No.2022-28744, recorded October 4, 2022 CERTIFICATE OF COMPLETION This Certificate of Completion (this “Certificate”) is issued on December 12, 2024, by the City of South Bend, Indiana, Department of Redevelopment, acting by and through the South Bend Redevelopment Commission (the “Commission”), pursuant to the Real Estate Purchase Agreement by and between the Commission and Cultivate Culinary School and Catering, Inc. (the “Buyer”), dated July 28, 2022 (the “Agreement”). The Commission states as follows: 1.Pursuant to the Agreement, the Commission conveyed to the Buyer the real property described in attached Exhibit A (the “Property”) by the special warranty deed recorded on October 4, 2022, as Document No. 2022-28744 in the Office of the Recorder of St. Joseph County, Indiana (the “Deed”). 2.Section 11 of the Agreement established certain obligations of the Buyer following its acceptance of the Deed from the Commission (the "Buyer’s Post-Closing Development Obligations"). The Commission hereby acknowledges and affirms that the Buyer has performed all of the Buyer’s Post-Closing Development Obligations as required under the Agreement and has provided satisfactory evidence of the same. 3. This Certificate will serve as a conclusive determination of the Buyer’s satisfaction of the Buyer’s Post-Closing Development Obligations and, upon recordation, will constitute a full release of the Commission’s reversionary interest in the Property established under the Deed and Section 11 of the Agreement. 4.This Certificate does not amend or otherwise alter the Agreement, and this Certificate shall be binding upon the Commission and its successors and assigns and shall inure to the benefit of the Buyer and her successors in interest. [Signature page follows.] ATTEST: fl� f1, � Vivian Sallie, Secretary STATE OF INDIANA ST. JOSEPH COUNTY ) ) SS: ) SOUTH BEND REDEVELOPMENT COMMISSION David Relos, Vice President Before me, the undersigned, a Notary Public, in and for said County and State, personally appeared David Relos and Vivian Sallie, known to me to be the Vice President and Secretary, respectively, of the South Bend Redevelopment Commission and acknowledged the execution of the foregoing Certificate of Completion. IN WITNESS W�R. EOF, I have hereunto subscribed my name and affixed my official seal on the 11!!' day of , .Pit] \2-e r 20�� LALiR,\ D. HENSLEY r�olary Public -Seal se;::, County -State of In 8ission Number NP073 ,:-.:ni�sion Ex My Commission Expires: gin St. Joseph County, I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law Isl Danielle Campbell Weiss This instrument was prepared by Daniel le Campbell Weiss, Senior Assistant City Attorney, 1200 S. County-City Building, 227 W Jefferson Blvd., South Bend, Indiana 46601 EXHIBIT A Description of Property Tax ID No. 018-8052-2114 Parcel Key Number: 71-08-14-179-002.000-026 Legal Description: Lot 1 Prairie Ave Minor Sub $5997 7-16-04 NP5997 7-16-04 Commonly known as: 1503 Prairie Ave, South Bend, IN 46613 Tax ID No. 018-8052-211401 Parcel Key Number: 71-08-14-179-004.000-026 Legal Description: Lot 2 Prairie Ave Minor Sub #5997 7-16-04 NP5997 7-16-04 Commonly known as: 1503 Prairie Ave, South Bend, IN 46613