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HomeMy WebLinkAboutRedevelopment Commission Agenda & Packet 01.09.25 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Agenda Regular Meeting, January, 9, 2025 – 9:30 a.m. BPW Conference Room 13th Floor or https://tinyurl.com/RDC-2025-2T 1. Roll Call 2. 2025 Election of Officers 3. Approval of Minutes A. Minutes of the Regular Meeting of December 12, 2024 4. Approval of Claims A. Claims Allowance December 10, 2024 B. Claims Allowance December 31, 2024 5. Old Business A. None 6. New Business A. River West Development Area 1. Resolution No. 3626 Approving Development Agreement (J.C. Hart Company) 2. Resolution No. 3627 Establishing New Allocation Area (J.C. Hart Company) 3. Bid Specifications for Disposition of Property (808 S. Lafayette Blvd.) 4. Notice of Intended Disposition of Property (808 S. Lafayette Blvd.) 5. Resolution No. 3625 for Disposition of Property (808 S. Lafayette Blvd.) 6. Approve Request for Proposal (Main Street Housing) 7. Budget Request (Improvements to RDC Owned Properties) 8. Fund Appropriation (Affordable HomeMatters Lincoln Park) B. South Side Development Area 1. 2025 Fund Appropriation (466 Works Loan) 7. Progress Reports A. Tax Abatement B. Common Council C. Updates - Due Diligence of 415 E. Madison for Commissioners D. Other 8. Next Commission Meeting Thursday, January 23, 2025, 9:30 a.m. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION SOUTH BEND REDEVELOPMENT COMMISSION MINUTES December 12, 2024, at 9:30 a.m. BPW Conference Room, 13th Floor, County-City Building https://tinyurl.com/RDC-Meeting-2T The South Bend Redevelopment Commission was called to order at 9:31 a.m. Vice President David Relos presiding. 1. ROLL CALL Members Present: David Relos, Vice President Vivian Sallie, Secretary Eli Wax, Commissioner Gillian Shaw, Commissioner Members Virtually: Leslie Wesley, Commissioner Members Absent: Troy Warner, President Legal Staff: Danielle Campbell Weiss, Asst. City Attorney Redevelopment Staff: Sarah Schaefer, Deputy Director, DCI Erik Glavich, Director of Growth and Opportunity, DCI Rosa Tomas, Director of Finance, DCI Joseph Molnar, Asst. Dir. of Growth and Opp., DCI Erin Michaels, Property Development Manager, DCI Tim Corcoran, Chief Planner, DCI Chris Dressel, Senior Planner, DCI Laura Hensley, Board Secretary, DCI Others Present: Denise Riedl, Chief Innovation Officer Patrick Sherman, Project Manager Leslie Biek, Assistant City Engineer Madi Rogers, Director of Civic Innovation CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 2 Lynn Wetzel, Program Manager of Transportation Philip Darrow, 310 W. Ewing Ave. Andy Place, 620 Ironwood Dr. Randal Jennings, 16145 S. Twyckenham Dr. Thomas Clemans, 1305 Campeau St. Amanda Shutts, 701 Portage Ave. Greg Swiercz, SB Tribune Tom Lindemann, 18488 Kern Rd. Molly Johnson, 2500 Green Tech Dr. Justin Young, 2500 Green Tech Dr. Matt Barrett, 110 S. Niles Ave. Tina Patton, Cross Community Randy Jennings, 1614 S. Twyckenham Dr. Jorge Juarez, 220 W. Eckman St. 2. Approval of Minutes A. Approval of Minutes of the Regular Meeting of Thursday, November 25, 2025 Upon a motion by Eli Wax for approval, second by Vivian Sallie, the motion carried unanimously; the Commission approved the minutes of the regular meeting of November 25, 2025. 3. Approval of Claims A. Claims Allowances 11.26.2024 & 12.03.2024 Commission Eli Wax asked about the digital storefront item. Joseph Molnar, Assistant Director of Growth and Opportunity stated that it is a grant for small businesses assisting with website creation. Upon a motion by Eli Wax for approval, second by Vivian Sallie, the motion carried unanimously; the Commission approved the claims allowances of 11.26.24, and 12.03.24. 4. Old Business A. None 5. New Business A. Redevelopment General Fund 1. Budget Request (Commuters Trust Funding) CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 3 Madi Rogers, Director of Civic Innovation, gave a brief introduction to what Commuters Trust is and about the $200,000 budget request. $130,000 will cover transportation costs and $70,000 is for project management and business analytics support. Lynn Wetzel, Program Manager of Transportation, presented that services provided are, increased job security for wage workers, reduced turnover and no- shows for local employers, and broaden access to essential services for underserved communities for transportation. Ms. Wetzel explained that the problem is that it costs on average $525 to own a vehicle. Both on a local and national level, 1 in 4 individuals struggle to access reliable transportation. Ms. Wetzel explains that there are two examples of the program, 1 is non-profit program and 2 is a cost-share employer program and these programs have been running since 2020. She stated that enrollment takes 5 minutes and benefits can only be used for eligible rides. The employer partner program (to date) impacts 670 participants, 27,581 Uber/Lyft rides, 71,335 Transpo rides, and $15.11 average ride costs. She gave an example of employees that were able to increase their hours by 1.27 shifts per month and that resulted in an extra $151.00 a month per worker. Vice President Relos asked to clarify, the program pays 1/3 and the employers pays 2/3 and Ms. Rogers confirmed, the estimated partner commitments are $183,000, CT Transportation contribution is $130,000, Administrative expenses are $70,000 with a total budget of $383,000 with a City commitment of $200,000. Commissioner Wax asked to clarify, the program would share up to 67% of the total transportation costs and Ms. Rogers confirmed. Commissioner Wax also asked for economic impact and growth for 2025, and Ms. Rogers stated that they will be doing more studies. Commissioner Sallie asked if they had looked into other sources of funding, and Ms. Rogers stated that they have applied for grants but were denied and are waiting to hear back from another. Tina Patton asked if this is a program for the entire City of South Bend and Ms. Wetzel stated that the program only partners with employers and non-profits and there is a website for details. Upon a motion by Vivian Sallie for approval, seconded by Eli Wax, the motion carried however, Commission Gillian Shaw abstained from the vote; the Commission approved the Budget Request as presented on December 12, 2024. B. River West Development Area 1. Opening of Bids (214 W. Wayne St.) CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 4 Erin Michaels, Property Development Manager, stated that no bids were received, and the staff can now negotiate with interested parties. 2. Budget Request (Studebaker Museum HVAC Project) Patrick Sherman, Project Manager, presented a budget request for $15,000 for two (2) failing HVAC units and a very large commercial unit to finish the project this Spring. Vice President Relos also noted that the Commission owns the building. Upon a motion by Gillian Shaw for approval, seconded by Eli Wax, the motion carried unanimously; the Commission approved the Budget Request as presented on December 12, 2024. 3. Budget Request (Riverfront West Survey) Leslie Biek, Assistant City Engineer, presented a budget request for $150,000 to increase the road network, confirm utilities, and confirm the land. Ms. Biek displayed a map detailing the location. Commissioner Wax asked about the cost and Sarah Schaefer, Deputy Director of DCI explained that we cut out some of the request (LIDAR imaging) to get to this amount and hope to have the survey completed by January. Upon a motion by Eli Wax for approval, seconded by Vivian Sallie, the motion carried unanimously; the Commission approved the Budget Request as presented on December 12, 2024. 4. Second Amendment to Purchase Agreement (Advantix) Joseph Molnar, Assistant Director of Growth and Opportunity, presented the amendment specifically for land located at the intersection of Lincolnway West and Marian St. for eight (8) parcels to build 50 total units of affordable housing with 10 on these parcels and the rest on parcels from the Board of Public Works with a closing date of December 31, 2024. The amendment is to extend the closing date to June 30, 2025 to allow for more time to market LIHTC credits with the groundbreaking scheduled for the Summer of 2025. Commissioner Wax asked about the value of pushing the date out and Mr. Molnar explained that the interest rates change and by waiting the credits will be worth more. Matt Barrett asked about tax implications and Mr. Molnar stated that Advantix has two (2) active buyers and are waiting for interest rates to go up, however, the implication of property tax will not take effect until the houses are built. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 5 Upon a motion by Eli Wax for approval, seconded by Vivian Sallie, the motion carried unanimously; the Commission approved the Second Amendment to the Purchase Agreement as presented on December 12, 2024. 5. Certificate of Completion (Cultivate Food Rescue) Joseph Molnar, Assistant Director of Growth and Opportunity, presented the certificate of completion for the facility and all obligations were met including, the construction being completed within 26 months of closing, well within the deadline of 60 months. They intend to spend a minimum of $3,000,000 on improvements and they've confirmed with documentation a total of $6.2 million of total improvements on the site with twenty-two (22) full-time employees. Jim Conklin, Cultivate Food Rescue, concurred that the project went as planned. He stated that two years ago, they rescued 1 million pounds of food and served 700 kids. However, with the opening of this facility, they’re on track to serve 10 million pounds of food and serve 1500 students in three counties in the community. Mr. Conklin also stated that they are making $1.8 million in improvements to the 1403 Prairie property as well, and a considerable investment in this part of town as well as thirty-two people employed. He thanked the Commission for their help. Commissioner Wax asked if that was 10 million pounds this year and Mr. Conklin stated that with the new facility opening, they are able to fill in short term and long term shows potentially 20 million pounds of perishable food per year. Commissioner Wax asked about how many meals per week and Mr. Conklin stated 13,000 meals with 7,500 frozen meals going home each weekend in the backpack program. Commissioner Wesley thanked Cultivate for their contribution to the community. Commissioner Wax also praised the efforts and how these fit in with the Commission. Upon a motion by Eli Wax for approval, seconded by Gillian Shaw, the motion carried unanimously; the Commission approved the Certificate of Completion as presented on December 12, 2024. 6. First Amendment to Lease Agreement (South Bend Bike Garage) Erin Michaels, Property Development Manager, present the amendment at 119 W. Wayne St. commons to increase to utilize the entire ground floor retail space, removes access to basement storage for 5,000 square feet. The small mechanical closet is not included. Commissioner Wax asked about how long the lease is for and Ms. Michaels stated 18 months. Commissioner Wax asked to leave options CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 6 open to other opportunities and Attorney Weiss stated that we have 30 days to terminate the agreement. Upon a motion by David Relos for approval, seconded by Eli Wax, the motion carried unanimously; the Commission approved the First Amendment to the Lease Agreement as presented on December 12, 2024. 7. Public Hearing (TIF Area Expansion) Chris Dressel, Senior Planner, presented all three (3) Public Hearings and Resolutions together and they were moved to proceed agenda item 5A1. Mr. Dressel presented the schedule that the process went through; October 24, RDC Declaratory Resolution approved, November 18, SB Plan Commission Declaratory Resolution approved, November 25, Common Council Declaratory Resolution approved, November 26, Notification letters sent to all property owners, November 29, a Public Hearings Notice Published, December 10-11, Public Informational meets held, and December 12 RDC confirming Resolutions with written remonstrance deadline. Mr. Dressel reviewed, what is a TIF, how a TIF works, as well as the infrastructure that have benefited by TIF improvements both public and private. Mr. Dressel explained why TIF districts are adjusted and also reviewed the proposed expansion areas including the River West, River East and South Side districts. He stated that, the City is not actively trying to acquire the property, however, it enables the City to have greater flexibility in the negotiation process later. Mr. Dressel stated that the TIF districts had an overhaul and development plan back in 2019 as well as a financial impact analysis conducted by Baker Tilly. Mr. Dressel explained the public engagement summary of 196 mailings and/or notifications with 81 website visits, 12 calls/emails, 4 meeting attendees, and no 1 in-person visits. Commissioner Eli Wax wanted to clarify that this doesn’t increase residents’ taxes, it captures an increase in taxes and is kept locally to improved neighborhoods with redevelopment project opportunities and doesn’t change any owners’ rights. Commissioner Wax also stated that the City is not planning on developing condos at Rum Village park, these dollars are for park improvements in the future. Mr. Dressel stated that potential property acquisition would always be based on a willing owner and not via eminent domain. Danielle Campbell Weiss, Assistant City Attorney, stated that the RDC does not have that power. Vice President Relos explained that expanding the boundaries now makes efforts later much easier so that we don’t have to go through all of the steps for one property. Ms. Weiss also stated that the name, CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 7 “acquisition list” comes from the statute. Commissioner Wax asked about the assessed value timeline and Vice President Relos stated it would be retroactive back to January 1, 2024, and is also not locked in forever because every year there's a TIF neutralization that looks if there's any natural appreciation in property values and that base assessed value gets adjusted going forward. Matt Eckerle from Baker Tilly noted the base assessed values for the existing components of the allocation areas being unaffected. The same goes for the expiration dates. Of those existing components of the allocation areas, this action does not affect those. It does not extend the expiration date. Andy Place asked the question, does TIF take tax monies away from the school system? Mr. Eckerle explained that to redirect the incremental revenues generated by the incremental development and the resulting assessed value that happens in that geography. If the TIF area was not in place and that development were to happen anyway. Because of the maximum levy limitations that the state imposes on all of the taxing units, including the schools, the growth and assessed value does not necessarily generate new property tax money that would go to the overlapping taxing units. What it really does is, it spreads that limited levy over a larger tax base and thus puts downward pressure on the property tax rates. So, one way to think about it is, if a new developer pays $100,000 in property taxes, that’s really $100,000 less than other taxpayers would have to pay into those same levies. New development does not beget new property tax revenue. Mr. Place asked if he could keep his property as is, Vice President Relos stated that it would depend on the vote and the vote would be for the entire request. 8. Resolution No. 3622 (Confirming TIF Expansion) Upon a motion by Eli Wax for approval, seconded by Gillian Shaw, the motion carried unanimously; the Commission approved Resolution No. 3622 as presented on December 12, 2024. C. River East Development Area 1. Public Hearing (TIF Area Expansion) Randy Jennings asked if there are projects proposed for this district? Chris Dressel stated that there is none, and this is just an opportunity to capture these properties within the redevelopment area at an early date. 2. Resolution No. 3623 (Confirming TIF Expansion) CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 8 Upon a motion by Vivian Sallie for approval, seconded by Eli Wax, the motion carried unanimously; the Commission approved Resolution No. 3623 as presented on December 12, 2024. D. South Side Development Area 1. Public Hearing (TIF Area Expansion) Tom Lindemann asked for clarification about if Lafayette Falls was included and Vice President Relos stated it is not in a TIF district and is not included in this expansion. Mr. Lindemann asked if a homeowner wanted to make improvements to their home, does the increased assessed property value add to the TIF and Vice President Relos explained that residential properties do not capture this increment and Attorney Weiss stated it will not change. Jorge Juarez asked if there are plans for the area on West Eckman St. and Mr. Dressel stated there are none. Philip Darrow stated that their concerns have been answered regarding future projects that will affect their property. 2. Resolution No. 3624 (Confirming TIF Expansion) Upon a motion by Eli Wax for approval, seconded by Vivian Sallie, the motion carried unanimously; the Commission approved Resolution No. 3624 as presented on December 12, 2024. E. Administrative 1. Resolution No. 3621 (2025 RDC Meeting Schedule) Danielle Campbell Weiss, Assistant City Attorney, stated that in the event we move to City Hall, we will update the location of the meetings. Upon a motion by Eli Wax for approval, seconded by Gillian Shaw, the motion carried unanimously; the Commission approved Resolution No. 3621 as presented on December 12, 2024. 6. Progress Reports A. Tax Abatement Joseph Molnar, Assistant Director of Growth and Opportunity, stated the South Bend Common Council at the last meeting approved a Resolution for Empower Her LLC, to renovate the former Home Ministry building on S. Michigan St. Mr. Molnar also stated, there is a closing tomorrow on the former Gates building, we closed yesterday on the Elwood Shopping CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 9 Plaza on Portage, and we closed last week on the 4022 Old Cleveland Rd. site. The next step for the Old Cleveland Rd. site is to be rezoned. B. Common Council None C. Other None 7. Next Commission Meeting Monday, December 23, 2024, 9:30 a.m. May be cancelled TBD 8. Adjournment Thursday, December 12, 2024, 11:22 a.m. ______________________________ ______________________________ Vivan G. Sallie, Secretary Troy Warner, President City of South Bend Department of Administration & Finance Claims Allowance Request To:South Bend Redevelopment Commission From:Kyle Willis, City Controller Date:Tuesday, December 10, 2024 Pursuant to Indiana Code 36-4-8-7, I have audited and certified the attached claims and submit them for allowance in the following amounts: GBLN-0095813 $825,819.04 GBLN-0000000 $0.00 GBLN-0000000 $0.00 Total:$825,819.04 _______________________________ Kyle Willis The attached claims described above were allowed in the following total amount at a public meeting on the date stated below: South Bend Redevelopment Commission By:_______________________________ Name: Date: Attest: _______________________________ Name: Expenditure approval RDC Payments-12/10/24 Pymt Run GBLN-0095813 Payment method: Voucher: Payment date: Vendor# V-00000107 V-00000107 V-00000107 Payment method: Voucher: Payment date: Vendor# V-00000134 Payment method: Voucher: Payment date: Vendor# V-00000526 V-00000526 V-00000526 V-00000526 CHK-Total RDCP-00033815 12/10/2024 Name AMERICAN STRUCTUREPOI NT INC AMERICAN STRUCTUREPOI NT INC AMERICAN STRUCTUREPOI NT INC CHK-Total RDCP-00033816 12/10/2024 Name ARC ACH-Total RDCP-00033817 12/10/2024 Name ENFOCUS INC ENFOCUS INC ENFOCUS INC ENFOCUS INC Invoice# 182809 182731 183018 Invoice# 53INl9077959 Invoice# 1201805295 1201805295 1201805295 1201805295 Line description Structural Engineering On Call Beacon District Project -SBMF Demo PSA -Amend #2 (design services) Leeper Ave Bridge Repairs Project -Leeper Ave Bridge Decking Line description Beacon Parking Plans Line description Commuters Trust - EnFocus Fellow Commuters Trust - EnFocus Project Manager Commuters Trust - Transportation Costs Commuters Trust - MISC Costs Due date 12/15/2024 12/14/2024 12/19/2024 Due date Invoice amount Financial dimensions $10,856.66 324-10-102-121-431002-- 324-10-102-121-439018-- $17,765.80 PROJ00000528 429-10-102-121-442001-- $694.98 PROJ00000521 Invoice amount Financial dimensions 324-10-102-121-431000-- 12/19/2024 $97.21 PROJ00000528 Due date Invoice amount Financial dimensions 433-10-102-123-439300-- 12/12/2024 $1,000.00 PROJ00000383 433-10-102-123-439300-- 12/12/2024 $3,666.66 PROJ00000383 433-10-102-123-439300-- 12/12/2024 $3,304.89 PROJ00000383 433-10-102-123-439300-- 12/12/2024 $348.12 PROJ00000383 Purchase order PO-0033361 PO-0029313 PO-0031598 Purchase order PO-0034819 Purchase order PO-0029761 PO-0029761 PO-0029761 PO-0029761 City of South Bend Department of Administration & Finance Claims Allowance Request To:South Bend Redevelopment Commission From:Kyle Willis, City Controller Date:Tuesday, December 31, 2024 Pursuant to Indiana Code 36-4-8-7, I have audited and certified the attached claims and submit them for allowance in the following amounts: GBLN-0096375 $2,120,509.01 GBLN-0097007 $684,662.21 GBLN-0097258 $54,854.25 Total:$2,860,025.47 _______________________________ Kyle Willis The attached claims described above were allowed in the following total amount at a public meeting on the date stated below: South Bend Redevelopment Commission By:_______________________________ Name: Date: Attest: _______________________________ Name: Expenditure approval RDC Payments--12/17 /24 Pymt Run GBLN-0096375 Payment method: Voucher: Payment date: Vendor# V-00000019 V-00000019 Payment method: Voucher: Payment date: Vendor# V-00000107 Payment method: Voucher: Payment date: Vendor# V-00000472 Payment method: Voucher: Payment date: ACH-Total RDCP-00034015 12/17/2024 Name ABONMARCHE CONSULTANTS OF IN ABONMARCHE CONSULTANTS OF IN CHK-Total RDCP-00034016 12/17/2024 Name AMERICAN STRUCTUREPOI NT INC CHK-Total RDCP-00034017 12/17/2024 Name DLZ IN DIANA LLC CHK-Total RDCP-00034018 12/17/2024 Invoice# 155374 155405 Invoice# 182565 Invoice# 602557 Line description Design Potawatomi Park Improvements Property Bros Development Project -614 Sherman - 3 Slab Survey Line description Market District Preliminary Engineering Line description Safe Routes to School (SRTS) Kennedy Academy - Design Due date Invoice amount Financial dimensions 429-10-102-121-431002-- 12/21/2024 $25,500.00 PROJ00000554 324-10-102-121-431000-- 12/22/2024 $2,250.00 PROJ00000491 Due date Invoice amount Financial dimensions 12/11/2024 $28,384.15 324-10-102-121-431002-­ PROJ00000526 Due date Invoice amount Financial dimensions 324-10-102-121-431002-- 10/27/2024 $1,941.85 PROJ00000411 Purchase order PO-0034615 PO-0031353 Purchase order PO-0029308 Purchase order PO-0023413 Vendor# V-00003121 Payment method: Voucher: Payment date: Vendor# V-00013114 V-00013114 V-00013114 Payment method: Voucher: Payment date: Vendor# V-00013479 V-00013479 Payment method: Voucher: Payment date: Vendor# Name THK Law, LLP CHK-Total RDCP-00034027 12/17/2024 Name RAM Construction Services of Michigan, Inc. RAM Construction Services of Michigan, Inc. RAM Construction Services of Michigan, Inc. CHK-Total RDCP-00034028 12/17/2024 Name Borkholder Buildings & Supply LLC Borkholder Buildings & Supply LLC CHK-Total RDCP-00034029 12/17/2024 Name Invoice# 23 Invoice# APP #6 APP #8 APP #7 Invoice# 2411610650 2411610262 Invoice# Line description Legal Services -300 E. Lasalle/ CCD Line description Liberty Tower Parking Garage -concrete removal/replacement and addition Liberty Tower Parking Garage -concrete removal/replacement and addition Liberty Tower Parking Garage -concrete removal/replacement and addition Line description Property Bros Development - Sherman Ave Framing Purchase Property Bros Development - Sherman Ave Framing Purchase Line description Due date Invoice amount Financial dimensions 12/25/2024 $2,343.00 429-10-102-121-431001-- Due date Invoice amount Financial dimensions 324-10-102-121-443001-- 11/27/2024 $288,702.18 PROJ00000467 324-10-102-121-443001-- 12/19/2024 $27,855.00 PROJ00000467 324-10-102-121-443001-- 12/19/2024 $24,281.01 PROJ00000467 Due date Invoice amount Financial dimensions 12/25/2024 $7,942.91 12/21/2024 $10,536.12 324-10-102-121-431 000-­ PROJ00000491 324-10-102-121-431 000-­ PROJ00000491 Due date Invoice amount Financial dimensions Purchase order PO-0029493 Purchase order PO-0029080 PO-0029080 PO-0029080 Purchase order PO-0034707 PO-0034707 Purchase order Expenditure approval RDC Payments-12/23/24 Pymt Run GBLN-0097007 Payment method: Voucher: Payment date: Vendor# V-00000107 Payment method: Voucher: Payment date: Vendor# V-00000472 Payment method: Voucher: Payment date: Vendor# V-00000698 Payment method: Voucher: Payment date: Vendor# CHK-Total RDCP-00034215 12/23/2024 Name AMERICAN STRUCTUREPOI Invoice# NT INC 183635 CHK-Total RDCP-00034216 12/23/2024 Name DLZ IN DIANA LLC CHK-Total RDCP-00034217 12/23/2024 Name GREEN DEMOLITION CONTRACTORS INC CHK-Total RDCP-00034218 12/23/2024 Name Invoice# 603329 Invoice# APP #2 Invoice# Line description Leeper Ave Bridge Repairs Project -Leeper Ave Bridge Decking Line description Byer’s Softball Complex 2024 Renovation - Design Services Line description Drewry's Cleanup Phase II Line description Due date Invoice amount Financial dimensions 12/30/2024 $13,942.81 429-10-102-121-442001-­ PROJ00000521 Due date 1/3/2025 Due date Invoice amount Financial dimensions 324-10-102-121-431000-- $17,030.00 PROJ00000498 Invoice amount Financial dimensions 12/14/2024 $441,000.00 324-10-102-121-439018-­ PROJ00000023 Due date Invoice amount Financial dimensions Purchase order PO-0031598 Purchase order PO-0029730 Purchase order PO-0033256 Purchase order South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 1/6/25 FROM: Caleb Bauer, Executive Director of Community Investment SUBJECT: Resolution No. 3626 & J.C. Hart Development Agreement 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: Resolution approving the Development Agreement for J.C. Hart Company, Inc., supporting redevelopment project in the Riverwalk Allocation Area SPECIFICS: The Commission will consider a resolution that, if adopted, would approve a Development Agreement with J.C. Hart Company, Inc. (the “Developer”) to provide support of a transformative redevelopment project at a property on the west bank of the St. Joseph River (the southern half of the Crowe campus). The Developer will demolish the existing south building and construct 2 new multi-family residential buildings (291 total apartments) and a 398-space parking garage. The Development Agreement specifies the funding support provided by the Commission to the Developer will be in the form of Pledged TIF Revenues, which will consist of a percentage of incremental property tax revenue for the Riverwalk Allocation Area generated by the development. The bond will generate $14,845,000 in net proceeds at closing to unlock the project with $29,748,550 in debt service obligations over 20 years, funded entirely from property tax increment generated by the development. The City will also undertake the necessary public infrastructure improvements including utilities and streets to support the Project. The street network established and utilities installed will also complement future development in the River Glen office park area to the south. In the event of a material default by the Developer, the City would be entitled to be reimbursed for its actual costs expended in furtherance of the necessary public improvements. The Developer commits to invest no less than $61.5 million and complete the project by the end of 2028. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION RESOLUTION NO. 3626 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING A FORM OF DEVELOPMENT AGREEMENT AMONG THE CITY OF SOUTH BEND, INDIANA, THE SOUTH BEND REDEVELOPMENT COMMISSION, AND J.C. HART COMPANY, INC. WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the City of South Bend, Indiana, Department of Redevelopment (the “Department”) and the Redevelopment District of the City of South Bend, Indiana (the “District”), exists and operates under the provisions of the Redevelopment of Cities and Towns Act of 1953 which has been codified in Indiana Code 36-7-14, as amended from time to time (the “Act”); and WHEREAS, there has been presented to the Commission for its consideration an Economic Development Agreement in the form set forth at Exhibit A attached hereto and incorporated herein (the “Agreement”); and WHEREAS, pursuant to the Agreement, J.C. Hart Company, Inc., an Indiana corporation (the “Developer”), would agree to undertake the design, construction, and equipping of certain economic development facilities located within the City of South Bend, Indiana (the “City”), consisting of the development and construction of 2 buildings housing 291 apartments and a 398- space structured garage (collectively, the “Project”), which Project shall be located in the Riverwalk Allocation Area in the City (the “Area”), and the Commission would provide certain incentives related thereto as further described in the Agreement; and WHEREAS, the Commission believes that the approval of the Agreement is in the best interests of the citizens of the City and necessary for the redevelopment and economic development of the Area; and WHEREAS, the Commission has determined that the completion of the Project is in the best interests of the citizens of the City, and, therefore, the Commission desires to approve the form of the Agreement. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1. The Commission hereby approves the Agreement substantially in the form attached hereto and authorizes the President of the Commission and Secretary of the Commission to execute and attest, respectively, said Agreement in the form attached hereto, with such changes as the President and Secretary shall approve, such approval to be evidenced by the execution and attestation thereof. 2 2. The President and Secretary are hereby authorized and directed to take all such actions and to execute and attest, respectively, all such instruments, including, without limitation, the Agreement as they shall deem proper and necessary upon the advice of counsel to carry out the transactions contemplated by this Resolution. 3. This Resolution shall take effect, and be in full force and effect, upon passage and approval by the Commission, in conformance with applicable law. ADOPTED AND APPROVED at a meeting of the South Bend Redevelopment Commission held on the 9th day of January, 2025. SOUTH BEND REDEVELOPMENT COMMISSION President ATTEST: Secretary A-1 Exhibit A (See attached Form of Economic Development Agreement) DMS 45742968v2 ECONOMIC DEVELOPMENT AGREEMENT THIS ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into as of the 9th day of January, 2025, by and among the City of South Bend, Indiana, a political subdivision and municipal corporation of the State of Indiana (the “City”), the City of South Bend Department of Redevelopment, acting by and through its governing body, the South Bend Redevelopment Commission (the “Redevelopment Commission” and, together with the City, the “City Bodies”), and J.C. Hart Company, Inc., an Indiana corporation (the “Company” or “Developer”) (the City, the Redevelopment Commission, and the Company or Developer, each being a “Party” and collectively the “Parties”). W I T N E S S E T H: WHEREAS, the Redevelopment Commission exists and operates under the provisions of the Redevelopment of Cities and Towns Act of 1953, as amended (I.C. 36-7-14 et seq., the “Redevelopment Act”); and WHEREAS, the Redevelopment Commission desires to foster economic development and redevelopment within the City; and WHEREAS, the Company has approached the Redevelopment Commission regarding the construction and equipping of certain economic development facilities, as more particularly described in Exhibit A attached hereto (collectively, the “Project”) on certain parcels of real property located within the City and owned or to be owned by the Developer (the “Project Site”) (see Exhibit B attached hereto for a legal description); and WHEREAS, the Project Site is located within the corporate boundaries of the City of South Bend (the “City”) and further is located within that area known as the “River West Development Area” (the “Area”), an area previously determined by the Commission to be an economic development area under the Redevelopment Act; and WHEREAS, the Commission has designated and declared, and the Common Council of the City (the “Common Council”) has approved of, the designation and declaration of the entirety of the Area to be a tax increment financing allocation area and named the “River West Development Allocation Area No. 1” (“Allocation Area No. 1”); and WHEREAS, the Company has requested certain economic development assistance from the City with respect to the Project; and 2 WHEREAS, the City Bodies have determined that the completion of the Project is in the best interests of the citizens of the City, and, therefore, the City Bodies desire to take certain steps in order to induce the Company to complete the Project; and WHEREAS, to stimulate and induce the development of the Project Site and the completion of the Project, the City Bodies have agreed, subject to further proceedings as required by law, to provide the economic development incentives described herein. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows: ARTICLE I. DEFINITIONS The capitalized words and phrases used in this Agreement shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of such words and phrases): “Act” means collectively, Indiana Code 36-7-11.9 and 12. “Allocation Area” shall mean that portion of Allocation Area No. 1, as further described on Exhibit E to be separately designated by the Redevelopment Commission under Indiana Code 36-7-14-39 as a new allocation area for the purpose of the allocation and distribution of property taxes on real property to be used in the manner provided in Indiana Code 36-7-14-39, which shall be known as the “Riverwalk Allocation Area.” “Ancillary Agreements” shall mean all instruments and agreements to be entered into by the Company referenced or contemplated herein, including, without limitation, the Loan Agreement and the Taxpayer Agreement related to the Bonds. “Bond Counsel” shall mean Barnes & Thornburg LLP. “Bond Proceeds” shall mean the proceeds of the Bonds in the aggregate principal amount not to exceed Seventeen Million Dollars ($17,000,000) to be loaned as set forth in the Loan Agreement for application to the Project Costs. “Bonds” shall mean one or more series of economic development tax increment revenue bonds issued by the City pursuant to the Act and payable from the Pledged TIF Revenues, the proceeds of which shall be applied to the Project Costs. “Change Order” shall mean a change order that is approved or deemed approved by the City for inclusion in the approved Plans and Specifications pursuant to a change proposed in a Change Order Request by the Company. “Change Order Request” shall mean a written request by the Company to the City for a change to the approved Plans and Specifications. 3 “Claims” shall mean claims, liabilities, damages, injuries, losses, liens, costs, and/or expenses (including, without limitation, reasonable attorneys’ fees); provided that in no event shall Claims include consequential or punitive damages. “Closing” shall mean the closing with respect to the Bonds which shall not be earlier than the closing for the Project Loan. “Closing Date” shall mean the date of the Closing. “Completion Date” shall mean any date not being later than December 31, 2028. “Common Council” means the Common Council of the City. “Cure Period” shall mean a period of: (a) ten (10) days after written notice of such default in the case of any monetary default; and (b) thirty (30) days after a party failing to perform or observe any other term or condition of this Agreement to be performed or observed by it receives written notice specifying the nature of the default; provided that, if such default is of such a nature that it cannot be remedied within thirty (30) days, despite reasonably diligent efforts, then the thirty (30) day cure period shall be extended as may be reasonably necessary for the defaulting party to remedy the default, so long as the defaulting party: (i) commences to cure the default within the thirty (30) day period; and (ii) diligently pursues such cure to completion; provided that in no event shall a Cure Period extend more than one hundred eight (180) days. Notwithstanding the foregoing, a Cure Period shall not be applicable to a default under an Ancillary Agreement, which shall be subject to any specific cure periods for such defaults expressly set forth in such Ancillary Agreement. “Execution Date” shall mean the date set forth in the first paragraph of this Agreement. “Executive Director” shall have the meaning set forth in Section 4.03. “Issuance Costs” shall mean reasonable costs, fees and expenses incurred or to be incurred by the City in connection with the issuance and sale of the Bonds, including placement or other financing fees (including applicable counsel fees), attorney’s fees, financial advisor fees, professional fees, the fees and disbursements of Bond Counsel, fees of the City’s municipal or financial advisor, the acceptance fee of a trustee, if any, and the first year of the trustee’s fees or alternatively the lump sum fee for the services of a trustee during the term of the Bonds, application fees and expenses, publication costs, the filing and recording fees in connection with any filings or recording necessary under a Trust Indenture, if any, or to perfect the lien thereof, the out-of- pocket costs of the City, the costs of preparing or printing the Bonds and the documentation supporting the issuance of the Bonds, the costs of reproducing documents, and any other costs of a similar nature reasonably incurred in connection with the issuance and delivery of the Bonds, this Agreement or the Ancillary Agreements, but shall not include any of the foregoing costs, fees and expenses incurred or to be incurred by the Company. “Laws” shall mean all applicable laws, statutes, and/or ordinances, and any applicable governmental or judicial rules, regulations, guidelines, judgments, orders, and/or decrees, including without limitation, the Act and the Redevelopment Act. 4 “Loan Agreement” shall mean the agreement between the Company and the City pursuant to which the City shall loan the Bond Proceeds to the Company, which agreement shall provide, among other things, that the Company shall be required to make payments with respect to such loan only if Bond Proceeds designated for capitalized interest, Pledged TIF Revenues and any payments made pursuant to the Taxpayer Agreement are insufficient to repay debt service on the Bonds. “Permitted Change” shall mean any change to that portion of the approved Plans and Specifications, so long as such change: (a) does not materially affect the exterior appearance of the Project or the location, size, or number of parking spaces; (b) is in substantial conformity with each of the Site Plan, the Required Permits, and the Laws; and (c) is consistent with the overall description of the property as set forth in Exhibit A. “Plan Refinement Process” shall have the meaning set forth in Section 4.03. “Plans and Specifications” shall mean the plans and specifications for the Project. “Plat” shall mean the plat of the Project Site that has received approval of the City on or before Closing and is ultimately recorded in the Office of the Recorder of St. Joseph County, Indiana. “Pledged TIF Revenues” shall mean (i) ninety percent (90%) of the TIF Revenues; and (ii) an additional annual amount equal to six percent (6.0%) of the TIF Revenues until such time as the aggregate of such additional annual amounts equals $1,342,000 following which the only amount of TIF Revenues pledged shall be 90% of such TIF Revenues. “Project Costs” shall mean the following categorical costs of providing for “economic development facilities” as defined and set forth in the Act: (i) Issuance Costs; (ii) the “Capitalized Interest Costs,” if any, namely a portion of the interest on the Bonds from the date of their original delivery through and including the anticipated period of construction of the portion of the Project financed by Bonds, plus one year thereafter, in accordance with the Act; (iii) all costs and expenses which the Company shall be required to pay, or advance under the terms of any contract or contracts (including the architectural and engineering, development services with respect thereto), for the construction of the Project; and (iv) any sums required to reimburse the Company for advances made for any of the above items or for any other costs incurred and for work done which are properly chargeable to the Project. “Project Loan” shall mean any loan incurred by the Company from any lender to fund a portion of the costs of the Project. 5 “Property Inspection” shall mean surveys, borings, tests, inspections, examinations, studies, and investigations, including, without limitation, environmental assessments. “RDC Direct Costs” shall mean all costs of the Redevelopment Commission to pay annual fees of the Trustee with respect to the Bonds, if any, and any fees or reasonable costs incurred in monitoring the Pledged TIF Revenues in the amount of $2,500 semiannually for the Bonds. “Required Permits” shall mean all permits, licenses, approvals, and consents required by the Laws for construction and use of the Project. “Site Plan” shall mean the site plan attached hereto as Exhibit C. “Survey” shall mean an ALTA survey of the Project Site certified as of a current date by a reputable licensed surveyor, which Survey shall show that the Project Site is suitable for Development of the Project as contemplated in this Agreement. “Taxpayer Agreement” shall mean a Taxpayer Agreement and Consent to Real Property Tax Lien to be executed by and between the Company and the Redevelopment Commission, under which the Company agrees to guarantee a shortfall in the Pledged TIF Revenues relat ive to debt service payments on the Bonds, which guarantee shall constitute a lien on the Project equivalent to a property tax lien granted to the State of Indiana under IC 6 -1.1-22-13, as permitted by IC 36- 7-25-6. “TIF Revenues” means all real property tax proceeds attributable to the assessed valuation with the Allocation Area as of each assessment date in excess of the base assessed value as described in Indiana Code 36-7-14-39(b)(1) received by the Redevelopment Commission less RDC Direct Costs. “Title Commitment” shall mean a title insurance commitment for an owner’s policy of title insurance that: (a) is issued by a title insurer; and (b) commits to insure marketable fee simple title to the Project Site in the name of the Company. “Title Defects” shall mean conditions or defects disclosed in the Title Commitment or the Survey that, in the sole determination of the Company, will interfere with the construction and/or use of the Project, provided that the lien of any mortgage or other security instruments to be released at or before Closing shall not be a Title Defect. “Trust Indenture” means the Trust Indenture, dated as of the first day of the month in which the Bonds are issued, between the City and a trustee to be chosen by the City. ARTICLE II. INTERPRETATION AND RECITALS 2.01 Interpretation. (a) The terms “herein,” “hereto,” “hereunder,” and all terms of similar import shall be deemed to refer to this Agreement as a whole rather than to any Article of, Section of, or Exhibit to this Agreement. 6 (b) Unless otherwise specified, references in this Agreement to (i) “Section” or “Article” shall be deemed to refer to the Section or Article of this Agreement bearing the number so specified, (ii) “Exhibit” shall be deemed to refer to the Exhibit of this Agreement bearing the letter or number so specified, and (iii) references to this “Agreement” shall mean this Agreement and any exhibits and attachments hereto. (c) Captions used for or in Sections, Articles, and Exhibits of this Agreement are for convenience of reference only and shall not affect the construction of this Agreement. (d) The terms “include,” “including,” and “such as” shall each be construed as if followed by the phrase “without being limited to.” 2.02 Recitals Part of Agreement. The representations, covenants and recitations set forth in the foregoing recitals are material to this Agreement and are hereby incorporated into and made a part of this Agreement as though they were fully set forth in this Section 2.01 2.03 Exhibits Part of Agreement. All exhibits described herein and attached hereto are incorporated into this Agreement by reference. ARTICLE III. MUTUAL ASSISTANCE 3.01 Mutual Assistance. The parties agree, subject to further proceedings required by law, to take such actions, including the execution and delivery of such documents, instruments, petitions and certifications (and, in the case of the City Bodies, the adoption of such ordinances and resolutions), as may be necessary or appropriate, from time to time, to carry out the terms, provisions and intent of this Agreement and to aid and assist each other in carrying out said terms, provisions and intent. ARTICLE IV. DEVELOPMENT AND PROJECT 4.01 Project. In connection with the completion of Project, the Company shall invest not less than $61,500,000 and reasonably expects the Project to result in the creation of approximately six (6) full-time jobs with annual salaries ranging from approximately $39,400 to $70,100, by not later than December 31, 2028, and approximately 225 temporary construction - related jobs during the construction of the Project having an average hourly rate of $65.00. 4.02 Project Site. The Company has acquired, or shall cause to be acquired, and shall improve the Project Site depicted in Exhibit B attached hereto, subject to the performance by the City Bodies of their respective obligations under this Agreement, by constructing the Project on such Project Site, as more particularly described in Section 4.03 hereof. 4.03 Project Description and Project; Approval of Plans. The Project shall consist of the items and/or parameters set forth in Exhibit A attached hereto. The Company shall commence construction of the Project by no later than sixty (60) days following the successful procurement of all permits and other governmental approvals and the satisfaction or waiver of the conditions set forth in Section 6.01 and shall complete construction and equipping of the Project by December 31, 2028, subject to permitted delays provided for in Section 4.04 hereof. In addition to the City’s 7 policies and procedures under the Laws regarding the approval of construction plans, promptly upon completion of all Plans and Specifications, the Company shall deliver a complete set thereof to the City’s Executive Director, Department of Community Investment, or his or her designee (collectively, the “Executive Director”), who may approve or disapprove said plans and specifications for the Project in accordance with the following process (the “Plan Refinement Process”): (a) the Company shall submit to the Executive Director for review the Plans and Specifications; (b) within thirty (30) days after receipt of the Plans and Specifications, the Executive Director shall deliver to the Company written notice either: (i) confirming that such Plans and Specifications are acceptable; or (ii) objecting to such Plans and Specifications, specifying the part or parts to which the Executive Director objects and including the specific basis for such objection; and (c) upon confirmation that the Plans and Specifications are acceptable, or if the Executive Director fails to respond within the time period provided above, such Plans and Specifications shall be deemed to be final and shall be subject to modification only by Change Orders. If, at any stage of the Plan Refinement Process, the Executive Director objects to or rejects, as applicable, all or any portion of the Plans and Specifications, then, the Company shall endeavor in good faith to address such objection to the City’s reasonable satisfaction within twenty (20) days after the Company receives notice of such objection and resubmit the relevant documents to the Executive Director. Within twenty (20) business days after the Executive Director receives such resubmissions, the Executive Director shall deliver to the Company written notice of its confirmation, objection, approval, or rejection, as applicable, in accordance with this section. This process shall continue until such time as the Plans and Specifications are confirmed or approved, as applicable, by the Executive Director, at which time each of the foregoing shall be final and, accordingly shall be subject to modification only by Change Orders and Permitted Changes. 4.04 Change Orders. If the Company desires to make any changes to the approved Plans and Specifications, then the Company shall submit a Change Order Request to City for review and approval. The Company agrees that it shall not perform any such work until the Change Order has been approved and executed by the City. Within fifteen (15) days after the City receives the Change Order Request, the City shall deliver to the Company written notice that it approves or rejects the Change Order Request; provided that: (i) City shall not withhold its approval unreasonably; (ii) if the City rejects all or any part of the Change Order Request, then such notice shall: (A) specify the part or parts that the City is rejecting; and (B) include the specific basis for such rejection; and (iii) if the City fails to provide the written notice within the time period provided above, the Change Order Request shall be deemed approved. If the City approves or is deemed to have approved a Change Order Request, then, at the request of the Company, the City and the Company shall execute a Change Order. Notwithstanding anything to the contrary set forth herein: (i) the Company shall not be required to obtain the approval of City with respect to a Permitted Change; and (ii) a Change Order with respect to a Permitted Change shall be effective, if executed only by the Company. 4.05 Permitted Delays. Whenever performance is required of any party hereunder, such party shall use all due diligence and take all necessary measures in good faith to perform; provided, however, that if completion of performance shall be delayed at any time by reason of acts of God, war, pandemic, civil commotion, riots, strikes, picketing, or other labor disputes, unavailability of labor or materials, or damage to work in progress by reason of fire or other casualty or similar causes beyond the reasonable control of a party (other than financial reasons), then the time for performance as herein specified shall be appropriately extended by the time of the delay actually caused by such circumstances. If (i) there should arise any permitted delay for which the Company 8 or any of the City Bodies is entitled to delay its performance under this Agreement and (ii) the Company or such City Body anticipates that such permitted delay will cause a delay in its performance under this Agreement, then the Company or such City Body, as the case may be, agrees to provide written notice to the other parties of this Agreement of the nature and the anticipated length of such delay. 4.06 Inspection of the Project. The Company shall, upon commercially reasonable written notice delivered to the Developer, permit the City to perform an inspection of the Project, which inspection may be conducted by a third party inspector engaged by the City for such purpose, to determine compliance with the provisions of this Agreement and any applicable plans, specifications, permits or other related Project documentation which may have been approved by the City in connection therewith. Within five business days or less after such an inspection, the City may deliver to Developer a non-compliance notice in the event the City reasonably determines there is a material defect in the Project. Such non-compliance notice shall specify the material defect identified by the City. If the City timely delivers a non -compliance notice, then Company shall correct, or cause to be corrected, as soon as is practicable, all material defects identified in the non-compliance notice, except and to the extent that any such material defects previously have been accepted, or deemed to have been accepted, by the City. Notwithstanding anything to the contrary set forth herein, all items or components of the Project with respect to which no material defects are identified in a timely non-compliance notice shall be deemed to be accepted by the City. Additionally, and to the greatest extent possible, all identified material defects shall be corrected immediately and all field changes shall be noted by the inspection and approved by the City. In the case of any such inspections, the personnel conducting the inspection shall: (i) comply with all health and safety rules of which such individuals have been informed that have been established for personnel present on the Project Site and (ii) coordinate the timing of the inspection so that the inspection does not interfere with the performance of construction. The Company shall have the right to accompany, and/or have its construction manager accompany, the personnel conducting the inspection. Such inspection rights provided hereunder in no way otherwise limits the City from undertaking inspections pursuant to applicable Laws. If the Company delivers to the City a written request for a final inspection of the Project, then, on or before the later of the date that is ten (10) business days after: (a) receipt of such request; or (b) the date specified in such request as the substantial completion date; the City shall: (i) conduct a final inspection; and (ii) deliver a non - compliance notice (if applicable) to the Company; provided that: (A) upon receipt of a Non - Compliance Notice, the Company shall correct, or cause to be corrected, as soon as is practicable, all material defects in the Project identified in the non-compliance notice; and (B) all then- completed items or components of the Project with respect to which no material defects are identified in a timely non-compliance notice shall be deemed to be accepted by the City. The failure of the City to conduct the final inspection within the required timeframe shall be deemed a waiver of its right to conduct such inspection and its determination that no material defects in the Project exist. An acceptance, or deemed acceptance, by the City pursuant to this Section 4.06 shall mean that the City has fully and finally accepted the Project as being in compliance with the terms and conditions of this Agreement, and the City shall be deemed to have waived any further right to assert material defects in the Project as it relates to this Agreement. Notwithstanding the foregoing, this Section shall only apply to the City’s ability to ensure the Company’s compliance with this Agreement. This Section shall not be construed as a waiver of the City’s ability to otherwise conduct ongoing inspections by its departments, including, but not limited to, building, fire, zoning, or public works, in the normal course of business. Within twenty (20) business days after receipt 9 of a written request from the Company, the City shall certify to the Company and to any lender of the Company or purchaser of the Project the status of inspections of the Project, including any final inspection, and whether any material defects in the Project identified in any non-compliance notice have been remedied. 4.07 Insurance. During construction of the Project, the Company shall maintain or caused to be maintained the policies of insurance described on Exhibit F. Each such policy shall: (a) be written by a company reasonably acceptable to City; and (b) provide that it shall not be modified or canceled without written notice to City at least thirty (30) days in advance. The policy of general liability insurance shall name the City Bodies as additional insureds. The Company shall deliver to City certificates of the insurance policies required by this Section 4.06, executed by the insurance company or the general agency writing such policies. 4.08 Employment of Local Labor. The Company hereby agrees to provide notice to local contractors of all requests for bids, pre-bid meetings, and related meetings and information with respect to the Project so as to use commercially reasonable efforts to employ qualified local contractors and other related local labor during construction of the Project. The Company agrees to meet with the business agents of all skilled trade unions to give them the details of the Project prior to contracting for the completion of the Project. For purposes of this section, the Company shall be deemed to have acted in a commercially reasonable manner if it considers bids by local contractors and other related local labor in good faith in light of their experience, reputation and other qualifications. The Company shall not be required to award work to a local contractor or other related local labor simply because the contractor or other related labor submits the lowest bid. 4.09 Reporting Obligations. (a) Local Reporting. Upon the letting of contracts for substantial portions of the Project and again upon substantial completion of the Project, the Company hereby agrees to report to the Redevelopment Commission the number of local contractors and local laborers involved in the Project, the amount of bids awarded for each contract related to the Project, and information regarding which contractor is awarded each contract with respect to the Project. (b) Semi-Annual Reporting. On or before June 30 and December 31 of each year until substantial completion of the Project, the Company shall submit to the Redevelopment Commission a report, in the format set forth at Exhibit G, demonstrating the Company’s good-faith compliance with the terms of this Agreement. The report shall include the following information and documents; (i) a status report of the construction completed to date, (ii) an update on the project schedule, (iii) an itemized accounting generally identifying the investment in the Project by the Company not including proceeds of the Bonds, and (iv) a status report of the number of jobs created for employment at the Project Site. 4.10 Equal Employment Opportunity. The Developer, for itself and its successors and assigns, agrees that during the construction of the Project: 10 (a) The Developer will not discriminate against any employee or applicant for employment because of race, color, religion, sex, or national origin. The Developer agrees to post in conspicuous places, available to employees and applicants for employment, notices setting forth the provisions of this nondiscrimination clause; and (b) The Developer will state, in all solicitations or advertisements for employees placed by or on behalf of the Developer, that all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, or national origin. 4.11 Non-Interference. The Company hereby agrees to use commercially reasonable efforts to minimize disruption for those living and working near the Project Site during construction of the Project. 4.12 Public Announcements, Press Releases and Marketing Materials. The Company hereby agrees to (a) coordinate a Project “kick off” press release with the City, (b) coordinate a Project groundbreaking ceremony with the City, and (c) use commercially reasonable efforts to coordinate other significant public announcements with the City, subject, in each case, to any securities laws that would prevent the Company from engaging in such coordination. The Company agrees to allow the City and the Redevelopment Commission to distribute the Developer’s marketing materials to promote the Project. 4.13 Information. The Company agrees to provide any and all due diligence items with respect to the Project reasonably requested by the Redevelopment Commission. The Company further agrees to provide any information reasonably required in writing by the City and the Redevelopment Commission relating to the assessed value of the real estate and improvements located on the Project Site to assist the City and the Redevelopment Commission in accurately determining the projected TIF Revenues for purposes of paying debt service on the Bonds. ARTICLE V. ECONOMIC DEVELOPMENT INCENTIVES 5.01 Taxable Economic Development Tax Increment Revenue Bonds. The Redevelopment Commission, and the Common Council shall each, subject to further proceedings required by law, cause the issuance of the Bonds pursuant to the Act (the “Bonds”), in an amount that generates gross proceeds not to exceed Seventeen Million and 00/100 Dollars ($17,000,000). The Company shall buy the Bonds, and the Bonds shall not be issued until promptly after the Company’s closing on its construction loan for the Project. The Company, as purchaser of the Bonds, shall agree that non-payment of the principal or interest on the Bonds due to insufficiency of Pledged TIF Revenues shall not be deemed to be a default under the Bonds. The proceeds of the Bonds shall be loaned to the Company and shall be used for the payment (or reimbursement to the Company of the prior payment) of the Project Costs set forth on Exhibit A. The Company may obtain the disbursement of proceeds of the Bonds by submitting a Disbursement Request (as such term is defined in the Trust Indenture) to the City and the trustee in accordance with the terms and conditions of the Trust Indenture, which shall be subject to Redevelopment Commission approval. The Company shall cause J.C. Hart Company, Inc., to provide a Taxpayer Agreement to guarantee payments of the Bonds during any period for which the Pledged TIF Revenues are projected to be insufficient. 11 5.02 Supporting Public Infrastructure. The City Bodies shall undertake the construction of public infrastructure improvements to support the Project to include streets, sidewalks and utilities and including utility relocation as necessary as described at Exhibit H, which shall be funded either by READI 2.0 funding or alternatively from TIF Revenues available to the Redevelopment Commission from Allocation No. 1. 5.03 Bond Limitations Acknowledgements. The Company shall (i) expressly agree that non-payment of the principal or interest on the Bonds due to the insufficiency of Pledged TIF Revenues relating to such series shall not be deemed to be a default by the City or the Redevelopment Commission under the Bonds, (ii) acknowledge and agree that the Bonds, and the interest thereon, if any, are payable solely from the Pledged TIF Revenues allocable to the Bonds, plus any payments under a related Loan Agreement or Taxpayer Agreement, and, in the event of a shortfall of such Pledged TIF Revenues or payments under a related Loan Agreement, do not and shall not represent or constitute a debt of the City or the Redevelopment Commission within the meaning of the provisions of the Constitution or Statutes of the State of Indiana or a pledge of the faith and credit of the City or the Redevelopment Commission, and (iii) covenant that it will not sell, convey, pledge or otherwise transfer the Bonds without prior compliance with applicable state and federal securities laws. ARTICLE VI. CONDITIONS TO CLOSING 6.01 Conditions to Closing. The obligations of the Parties with respect to Closing are subject to the satisfaction or waiver in writing, of the following prior to the applicable period specified in this Section 6.01: (a) Title. Within thirty (30) days after the Execution Date, the Company shall have obtained the Title Commitment. (b) Survey. Within forty-five (45) days after the Execution Date, the Company shall have obtained the Survey. (c) Permits. The Company shall have completed and filed all necessary documentation to secure all Required Permits and approvals for construction and installation of the Project. (d) Title and Survey Conditions. On or before Closing, the Company shall have determined that there are no exceptions or matters of record reflected in the Title Commitment that would constitute Title Defects and shall have also determined that, upon recordation of the Plat, the Survey: (i) describes the perimeter of the Project Site as a single parcel without gaps, gores, or overlaps; (ii) shows no encroachments thereto; (iii) shows no Title Defects thereto; (iv) establishes that no part of the Project Site upon which building improvements are to be constructed is located within: (A) a “flood hazard zone”, as shown on the applicable Federal Insurance Rate Map; or (B) a “floodway” or “flood plain”, as shown on the applicable Flood Control District Map, unless otherwise agreed to by the Company; and (v) otherwise reasonably is acceptable to the Company. The Company shall be responsible, at its cost, for obtaining the policy of title insurance contemplated pursuant 12 to the Title Commitment, together with any endorsements that it deems to be necessary or appropriate. (e) Environmental Condition. Prior to Closing, the Company, at its expense, shall have determined that: (i) there is no contamination or pollution of the Project Site, or any groundwater thereunder, by any hazardous waste, material, or substance in violation of any Laws; and (ii) there are no underground storage tanks located on the Project Site. To the extent deemed necessary or appropriate by the Company, the Company shall have obtained a comfort letter issued by the Indiana Department of Environmental Management through the Indiana Brownfields Program (“IDEM”) confirming, among other things, IDEM’s opinion that the Company meets the requirements to be considered a bona fide prospective purchaser of the Project Site. The Company shall provide the City with all Property Inspection reports prepared for the Project Site. (f) Physical Condition. Prior to Closing, the Company, at its expense, shall have determined that no test, inspection, examination, study, or investigation of the Project Site establishes that there are conditions that would interfere materially with the construction and use of the Project, in accordance with the terms and conditions of this Agreement. (g) Zoning. Prior to Closing, the Company shall have determined that: (i) the zoning of the Project Site is proper and appropriate for the construction of the Project and use of the Project in accordance with the terms and conditions of this Agreement; and (ii) the Project Site is subject only to commitments and restrictions that are acceptable to the Company in its reasonable discretion. (h) Utility Availability. Prior to Closing, the Company, at its expense, shall have determined that gas, electricity, telephone, cable, water, storm and sanitary sewer, and other utility services are: (i) in adjoining public rights-of-way or properly granted utility easements; and (ii) serving, or will serve, the Project Site at adequate pressures, and in sufficient quantities and volumes, for the construction and use of the Project in accordance with the terms and conditions of this Agreement. (i) Required Permits. Prior to Closing, the Company shall have: (i) obtained; or (ii) determined that it shall be able to obtain, all Required Permits. (j) Final Construction Plans. Prior to Closing, final construction plans shall have been completed and approved by the City. (k) Financial Ability. Prior to Closing, the Company shall demonstrate to the reasonable satisfaction of the City that the Company has adequate funds (proceeds from the Project Loan, Bond Proceeds, and/or cash on hand) to construct the Project. (l) Ancillary Agreements. Prior to Closing: (i) the applicable City Bodies and the Company, each exercising commercially reasonable discretion, shall have approved the form and substance of any and all Ancillary Agreements and (ii) all other parties to the Ancillary Agreements shall have approved the form and substance of such Ancillary Agreements. 13 (m) Financing Documents. Prior to Closing, the Company’s lender and the applicable City Bodies shall have approved the form and substance of the Project Loan documents, the Bond Documents, and any additional documents relating to the Project Loan. At or before Closing, the Project Loan shall be closed, and in connection therewith, the Project Loan documents and the Bond Documents, and any additional documents relating thereto shall be fully executed by all parties thereto. (n) Project Site. Prior to Closing, the Company shall have closed on the acquisition of the Project Site. (o) No Breach. As of the Closing Date, there shall be no breach of this Agreement by the Parties hereto that any of said Parties have failed to cure within the Cure Period. (p) Allocation Area and Pledged TIF Revenues. The necessary actions to designate the Allocation Area and pledge the Pledged TIF Revenues to the payment of the debt service of the Bonds shall have been completed by the City Bodies. (q) Approval of Bonds. The City Bodies shall have taken the necessary actions under the Act to authorize the issuance of the Bonds. If one or more of the conditions set forth in this Section 6.01 is not, or cannot be, timely and completely satisfied, as determined by the each of the Parties in their respective sole and absolute discretion, then, as its sole and exclusive remedy, any party hereto either may elect to: (i) waive where appropriate under the Laws in writing satisfaction of the conditions not satisfied and to proceed to Closing; or (ii) terminate this Agreement by a written notice to other parties hereto reserving all of the rights and remedies set forth in this Agreement and available to such Party. Notwithstanding anything to the contrary set forth herein, (1) the Parties hereto shall work diligently and in good faith to satisfy the conditions set forth in this Section 6.01 and (2) if any party hereto fails to terminate this Agreement for any unsatisfied condition on or before the earlier of (i) the Closing Date; or (ii) two (2) business days after the applicable deadline set forth in each of the foregoing subsections (a) or (b) said Party shall be deemed to have waived such condition to the extent waivable under the Laws. 6.02 Closing. Subject to the terms and conditions of this Agreement, including, without limitation, the termination right set forth in Section 8.06, the Closing shall occur upon the satisfaction or waiver of the conditions set forth in Section 6.01, with (i) the Closing Date; and (ii) the location of the Closing; to be established mutually by the City and the Company. ARTICLE VII. AUTHORITY 7.01 Actions. Each of the City Bodies represents and warrants that it has taken or will take (subject to further proceedings required by law and the Company's performance of its agreements and obligations hereunder) such action(s) as may be required and necessary to enable each of the respective City Bodies to execute this Agreement and to carry out fully and perform the terms, covenants, duties and obligations on its part to be kept and performed as provided by the 14 terms and provisions hereof. The Company represents and warrants that it has the requisite capability to undertake, complete, and operate the Project. 7.02 Powers. The City Bodies represent and warrant that each has full constitutional and lawful right, power and authority, under currently applicable law, to execute, deliver and perform their respective obligations under this Agreement. The Company represents and warrants that it has the requisite power, right, and legal authority to execute, deliver and perform its respective obligations under this Agreement. 7.03 Future Actions. The parties acknowledge that the agreements of the City Bodies under this Agreement are subject to future actions by such bodies, and by the bodies of the City, and compliance with statutory procedures required by Laws, including public notice and publi c hearing requirements. The City Bodies agree to use their best efforts to complete such statutory procedures, and to coordinate with the governing bodies of the City to complete such statutory procedures, and to take the final actions required to implement such agreements. Notwithstanding anything contained herein, failure to timely complete such future statutory procedures shall not result in any liability hereunder by the City Bodies to the Company or any party related to the Company. ARTICLE VIII. GENERAL PROVISIONS 8.01 Indemnity; No Joint Venture or Partnership. The Company covenants and agrees at its expense to pay and to indemnify and save the City Bodies, and their officers, agents, and employees (the “Indemnitees”) harmless of, from and against, any and all Claims resulting directly or indirectly from the Company's (and/or any affiliate's thereof) Project activities with respect to work performed on the Project Site unless such claims, damages, demands, expenses or liabilities arise by reason of the negligent act or omission of the City Bodies, or other Indemnitees. To the extent permitted by law, the City Bodies shall indemnify and hold harmless the Company from and against any and all Claims, to the extent arising from or connected with the negligence or willful misconduct of the City Bodies or any party acting by, under, through, or on behalf of any of the City Bodies in connection with any inspection pursuant to Section 4.05. Nothing contained in this Agreement, nor any act of the City Bodies or the Company, or of any other person, shall be deemed or construed by any person to create any relationship of third-party beneficiary, employer and employee, principal, and agent, limited or general partners or joint ventures. The Developer is and will remain an “independent contractor” with respect to performance under this Agreement. 8.02 Time of Essence. Time is of the essence of this Agreement. The parties shall make every reasonable effort to expedite the subject matters hereof (subject to any time limitations described herein) and acknowledge that the successful performance of this Agreement requires their continued cooperation. 8.03 Conflict of Interest; No Individual Liability. No member, official, or employee of the City Bodies shall have any personal interest, direct or indirect, in this Agreement, nor shall any such member, official, or employee participate in any decision relating to this Agreement which affects their personal interests or the interests of any corporation, partnership, or association in which they, directly or indirectly, are interested. No member, official, or employee of the City Bodies shall be personally liable to the Developer or any successor in interest, in the event of any 15 default or breach by the Commission or for any amount which may become due to the Developer or any successor in interest or on any obligations under the terms of the Agreement. No partner, employee or agent of Developer or successors of them shall be personally liable to the City Bodies under this Agreement. 8.04 Costs. In the event the Closing is not completed by December 31, 2025, the Company shall pay City’s fees, including attorneys’ fees, Bond Counsel fees, municipal advisory fees and any other fees reasonably incurred with respect to this Agreement. 8.05 Default. (a) Events of Default. It shall be an Event of Default if either party fails to perform or observe any term or condition of this Agreement to be performed or observed by it after notice from the other party, and such default is not cured within the applicable Cure Period. (b) General Remedies. Whenever an Event of Default occurs, the non- defaulting party may take whatever actions at Law or in equity are necessary or appropriate to: (i) collect any payments due under this Agreement; (ii) protect the rights granted to the non-defaulting party under this Agreement; (iii) enforce the performance or observance by the defaulting party of any term or condition of this Agreement (including, without limitation, the right to specifically enforce any such term or condition); or (iv) cure, for the account of the defaulting party, any failure of the defaulting party to perform or observe a material term or condition of this Agreement to be performed or observed by it. If the non- defaulting party incurs any costs or expenses in connection with exercising its rights and remedies under, or enforcing, this Agreement, then the defaulting party shall reimburse the non-defaulting party for all such costs and expenses, including reasonable attorney fees. The parties acknowledge and agree that the Company’s agreement to perform and abide by the covenants and obligations set forth in this Agreement is a material consideration for the City Bodies’ commitment to undertake the construction of public infrastructure improvements to support the Project in Section 5.02 and Exhibit H. Therefore, in the event that the Company fails in a material way to make the investment contemplated by Section 4.01 and to complete the Project as required by this Agreement, then the City Bodies shall be entitled to recover from Developer monetary damages incurred by the City as a result of such failure, which may include the actual cost of its direct investment into the Project, including the total amount expended to undertake the construction of public infrastructure improvements to support the Project, and expenses related to City employees supporting the Project, including its redevelopment staff, engineering staff, and legal department staff. (c) No Remedy Exclusive. Except as provided to the contrary in this Agreement, no right or remedy herein conferred upon, or reserved to, a non-defaulting party is intended to be exclusive of any other available right or remedy, unless otherwise expressly stated; instead, each and every such right or remedy shall be cumulative and in addition to every other right or remedy given under this Agreement or now or hereafter existing at Law or in equity. No delay or omission by a non -defaulting party to exercise any right or remedy upon any Event of Default shall impair any such right or remedy, or be construed to be a waiver thereof, and any such right or remedy may be exercised from 16 time to time, and as often as may be deemed to be expedient. To entitle a non-defaulting party to exercise any of its rights or remedies, it shall not be necessary for the non- defaulting party to give notice to the defaulting party, other than such notice as may be required by this Agreement or by Law. 8.06 Termination. Notwithstanding any other provision, if the Closing has not occurred before December 31, 2025 through no fault of the City Bodies, the City Bodies shall have the right to terminate this Agreement and shall have no further responsibilities hereunder. 8.07 Amendment. This Agreement, and any exhibits attached hereto, may be amended only by the mutual consent of the parties, by the adoption of an ordinance or resolution of each of the City Bodies approving said amendment, as provided by law, and by the execution of said amendment by the parties or their successors in interest. 8.08 No Other Agreement. Except as otherwise expressly provided herein, this Agreement supersedes all prior agreements, negotiations and discussions relative to the subject matter hereof and is a full integration of the agreement of the parties. 8.09 Severability. If any provision, covenant, agreement or portion of this Agreement or its application to any person, entity or property, is held invalid, such invalidity shall not affect the application or validity of any other provisions, covenants, agreements or portions of this Agreement and, to that end, any provisions, covenants, agreements or portions of this Agreement are declared to be severable. 8.10 Indiana Law. This Agreement shall be construed in accordance with the laws of the State of Indiana. 8.11 Venue. The Parties agree that if any litigation arises out of this Agreement that such litigation shall be brought in a court of competent jurisdiction in St. Joseph County, Indiana, unless the Parties mutually agree to an alternative method of dispute resolution. The Parties hereby waive, to the extent permitted under applicable Laws: (a) the right to a trial by jury in any action, counterclaim, dispute or proceeding based upon, or related to, matters arising from this Agreement; and (b) any right each of the Parties may have to: (i) assert the doctrine of “forum non conveniens” or (ii) object to venue. This waiver applies to all claims against all Parties to such actions and proceedings. This waiver is knowingly, intentionally, and voluntarily made by the parties hereto. 8.12 Notices. All notices and requests required pursuant to this Agreement shall be deemed sufficiently made if delivered, as follows: 17 To the Company: J.C. Hart Company, Inc. Attn.: John C. Hart, Jr. 805 City Center Drive, Suite 120 Carmel, Indiana 46032 Email: john@homeisjchart.com With a copy to: Dinsmore & Shohl, LLP 211 North Pennsylvania Street One Indiana Square, Suite 1800 Indianapolis, Indiana 46204 Attention: E. Joseph Kremp Email: Joe.Kremp@Dinsmore.com To the City Bodies: South Bend Redevelopment Commission 1400S County-City Building 227 West Jefferson Blvd South Bend, IN 46601 Attn: Executive Director, South Bend Department of Community Investment Email: cbauer@southbendin.gov With a copy to: South Bend Legal Department 1200 County-City Building 227 West Jefferson Blvd. South Bend, IN 46601 Attn: Corporation Counsel Email: legaldept@southbendin.gov or at such other addresses as the parties may indicate in writing to the others in writing. Any notice required or permitted to be given to a party under this Agreement, shall be deemed given when (i) hand delivered, with evidence of receipt of such delivery, (ii) deposited into Federal Express or other similar type of overnight carrier service, (iii) two (2) business days after mailed by U.S. Certified or Registered Mail, postage prepaid, or (iv) upon the receipt of an electronic email transmission, followed by delivery by one of the other means identified in (i)-(iii). 8.13 Counterparts. This Agreement may be executed in several counterparts including by Electronic Means (as defined below), each of which shall be an original and all of which shall constitute but one and the same agreement. Any counterpart hereof signed by the party against whom enforcement of this Agreement is sought shall be admissible into evidence as an original 18 hereof to prove the contents hereof. Moreover, the Parties hereto further acknowledge and agree that this Agreement may be signed and/or transmitted by e-mail or a .pdf document or using electronic signature technology (e.g., via DocuSign or similar electronic signature technology) (“Electronic Means”), and that such signed electronic record shall be valid and as effective to bind the party so signing as a paper copy bearing such party’s handwritten signature. The Parties further consent and agree that: (a) to the extent a party signs this Agreement using electronic signature technology, by clicking “SIGN”, such party is signing this Agreement electronically; and (b) the electronic signatures appearing on this Agreement shall be treated, for purposes of vali dity, enforceability, and admissibility, the same as handwritten signatures. 8.14 Assignment. Until the Project is completed, the rights and obligations contained in this Agreement may not be assigned by the Company or any affiliate thereof without the express prior written consent of each of the City Bodies; provided, however, that the Company may transfer all or a portion of its rights and obligations hereunder to an affiliate of the Company upon notice to but without the consent of the City Bodies, but any such transfer to an affiliate of the Company shall not have the effect of releasing the Company and/or its assignees from the Company’s obligations hereunder. Notwithstanding the foregoing, if this Agreement is transferred to an affiliate of the Company, the Company will not be a party to, or otherwise obligated under, any Loan Agreement or Taxpayer Agreement. Upon completion of the Project, the Company shall be entitled to assign this Agreement to any purchaser of the Project without City’s prior written consent; provided such purchaser shall be required to assume all obligations of the Company under this Agreement arising after such purchase. Upon such assumption, the Company shall be released from all obligations pursuant to this Agreement arising after the date the purchaser assumes this Agreement. With respect to any assignment of this Agreement prior to the date that is three (3) years following the Completion Date, Company shall demonstrate to the City that the new purchaser and associated affiliates of the Project have comparable financial strength and reputation as the Company, including its affiliates. 8.15 No Third Party Beneficiaries. This Agreement shall be deemed to be for the benefit solely of the Parties and shall not be deemed to be for the benefit of any third party. 8.16 Effective Date. Notwithstanding anything herein to the contrary, this Agreement shall not be effective until all parties hereto have executed this Agreement and each of the City Bodies have approved or ratified this Agreement at public meetings. [Signatures follows on next page] IN WITNESS WHEREOF, the parties have duly executed this Agreement pursuant to all requisite authorizations as of the date first above written. CITY OF SOUTH BEND, INDIANA By: James Mueller, Mayor SOUTH BEND REDEVELOPMENT COMMISSION By: Troy Warner, President ATTEST: By:____________________________ Vivan G. Sallie, Secretary J.C. HART COMPANY, INC. _______________________________________ John C. Hart, Jr. Chairman A-1 EXHIBIT A DESCRIPTION OF PROJECT Development and construction of 2 buildings housing 291 apartments and a 398 space structured garage. B-1 EXHIBIT B LEGAL DESCRIPTION AND DEPICTION OF THE PROPERTY Lot B of the Crowe Chizek Second Minor Subdivision Lot Line Adjustment (See attached for Depiction) C-1 EXHIBIT C SITE PLAN (See attached) D-1 EXHIBIT D RESERVED E-1 EXHIBIT E PROJECT ALLOCATION AREA Lot B of the Crowe Chizek Second Minor Subdivision Lot Line Adjustment (See attached for depiction) F-1 EXHIBIT F DEVELOPER INSURANCE REQUIREMENTS A. Worker’s Compensation 1. State Statutory 2. Applicable Federal Statutory 3. Employer’s Liability $100,000.00 B. Comprehensive General Liability 1. Bodily Injury a. $5,000,000.00 Each Occurrence b. $5,000,000.00 Annual Aggregate Products and Completed Operation 2. Property Damage a. $5,000,000.00 Each Occurrence b. $5,000,000.00 Annual Aggregate C. Comprehensive Automobile Liability 1. Bodily Injury a. $500,000.00 Each Person b. $500,000.00 Each Accident 2. Property Damage a. $500,000.00 Each Occurrence G-1 EXHIBIT G Form of Report to the Redevelopment Commission (See Attached) G-2 City of South Bend Department of Community Investment Development Agreement Review Answer the below questions and return to the Department of Community Investment. Project Information Project Name: __________________________________________________________ Address: _______________________________________________________________ Construction Completed to Date: Project Schedule Update: Itemized Accounting of Private Investment to Date: Number of Jobs Created: Name: _______________________________________ Address: _______________________________________ _______________________________________ Position: _______________________________________ Email: _______________________________________ Signature: ___________________________________ Date: ___________________ H-1 EXHIBIT H Supporting Public Infrastructure The City Bodies shall undertake the construction of public infrastructure improvements to support the Project and which are necessary to re-establish a street grid and utility network at the Project Site. Supporting Public Infrastructure shall include the following: • Construction of new streets, curbs, sidewalks; • Installation of lighting; • Relocation of existing or building of new utilities serving the Project Site; and • Improvements in support of the Project as agreed upon between the Parties, in compliance with all applicable laws and regulations. DMS 45049801 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 1/6/25 FROM: Erik Glavich, Director of Growth & Opportunity SUBJECT: Declaratory Resolution, Establishing New Allocation Area 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: Resolution to establish a new separate allocation area in the River West Development Area for the purpose of supporting redevelopment SPECIFICS: The Resolution to be presented to the Commission for consideration would amend the River West Development Area for the purpose of establishing a new allocation area to support the redevelopment of property on the west bank of the St. Joseph River. The new allocation area would be known as the “Riverwalk Allocation Area” and would be comprised of property on which the southern half of the Crowe complex currently resides. The northern Crowe building would not be included in the new allocation area. The adoption of the Resolution would begin the process of establishing a new allocation area that would dedicate Tax Increment Financing for the issuance of bonds in support of a certain redevelopment project led by Indiana developer, J.C. Hart Company, Inc. This will be an estimated $61.5 million project for the Developer and will entail the demolition of the southern Crowe building and subsequent construction of 2 multi-family residential buildings (totaling 291 apartments) and a 398-space structure parking garage. One of the apartment buildings will be wrapped around the parking garage. As stated in the Resolution, the full development of the Riverwalk Allocation Area with these improvements would not proceed as planned without the contribution of tax increment revenues to be derived from the Riverwalk Allocation Area to this project. In addition to establishing the new Riverwalk Allocation Area itself, the Resolution asserts, among other things, that the establishment of the new allocation area would promote economic growth, will be a public utility and benefit, and meets other purposes of state law, and establishes that incremental tax proceeds of the new area be paid into an allocation fund designated as the “Riverwalk Allocation Area Allocation Fund.” The new Area will result in new property taxes in the Riverwalk Project Allocation Area that would not have been generated but for its adoption. The Area’s designation would expire after 25 years. Adoption of the Declaratory Resolution by the Commission is the initial step in establishing the Riverwalk Allocation Area. Moreover, staff will present resolutions for adoption to the South Bend Plan Commission, the Economic Development Commission, and the Common Council in the next few months. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION RESOLUTION NO. 3627 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING AMENDMENTS TO THE DECLARATORY RESOLUTION AND THE DEVELOPMENT PLAN FOR THE RIVER WEST DEVELOPMENT AREA FOR THE PURPOSE OF ESTABLISHING A NEW ALLOCATION AREA AND RELATED MATTERS WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the City of South Bend, Indiana, Department of Redevelopment (the “Department”) and the Redevelopment District of the City of South Bend, Indiana (the “District”), exists and operates under the provisions of the Redevelopment of Cities and Towns Act of 1953 which has been codified in Indiana Code 36-7-14, as amended from time to time (the “Act”); and WHEREAS, the Commission has heretofore adopted a declaratory resolution (as subsequently confirmed and amended from time to time, the “Declaratory Resolution”) designating an area known as the River West Development Area (the “Area”) as an economic development area pursuant to the Act, designating the Area as an allocation area pursuant to Section 39 of the Act (the “Allocation Area”), and approving and subsequently amending from time to time a development plan for the Area (collectively, the “Plan”); and WHEREAS, pursuant to Sections 15-17.5 of the Act, the Commission desires to further amend the Declaratory Resolution and the Plan to designate an area, presently part of the Allocation Area and described at Exhibit A attached hereto, as a separate allocation area pursuant to Section 39 of the Act to be known as the “Riverwalk Allocation Area” (the “Riverwalk Allocation Area”); and WHEREAS, Section 39 of the Act has been created and amended to permit the creation and expansion of “allocation areas” to provide for the allocation and distribution of property taxes for the purposes and in the manner provided in said Section; and WHEREAS, this Commission deems it advisable to apply the provisions of said Section 39 of the Act to the Riverwalk Allocation Area; and WHEREAS, the Commission now desires to approve the designation of the Riverwalk Allocation Area and the amendment of the Plan to include the Riverwalk Allocation Area therein (collectively, the “2025 Amendments”); and WHEREAS, the proposed 2025 Amendments and supporting data were reviewed and considered at this meeting. - 2 - NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1. The Commission hereby finds and determines that the 2025 Amendments promote significant opportunities for the (i) gainful employment of the citizens of the City of South Bend, Indiana (the “City”), (ii) attraction of major new business enterprises to the City, and (iii) retention and expansion of significant business enterprises existing in the boundaries of the City and meets other purposes of Sections 2.5, 41 and 43 of the Act, including without limitation benefiting public health, safety, and welfare, increasing the economic well-being of the City and the State of Indiana (the “State”) and serving to protect and increase property values in the City and the State. 2. The 2025 Amendments cannot be achieved by regulatory processes or by the ordinary operation of private enterprise without resort to the powers allowed under Sections 2.5, 41 and 43 of the Act because of lack of local public improvements, existence of conditions th at lower the value of the land below that of nearby land, multiple ownership of land, and other similar conditions. 3. The public health and welfare will be benefited by accomplishment of the 202 5 Amendments. 4. It will be of public utility and benefit to further amend the Declaratory Resolution and the Plan for the Area as provided in the 202 5 Amendments and to continue to develop the Area, including the Riverwalk Allocation Area, as provided under the Act. 5. Accomplishment of the 2025 Amendments will be a public utility and benefit as measured by the attraction or retention of permanent jobs, an increase in the property tax base, improved diversity of the economic base and other similar public benefits. 6. The Commission hereby finds that the further amendment of the Declaratory Resolution and the Plan, to designate the Riverwalk Allocation Area, conforms to the comprehensive plan for the City. 7. The map and plat of the Riverwalk Allocation Area showing its boundaries, the location of the various parcels of property, streets and alleys, and other features affecting the acquisition, clearance, replatting, replanning, rezoning, redevelopment or economic development of the Riverwalk Allocation Area, and the parts of the Riverwalk Allocation Area that are to be devoted to public ways, levees, sewerage, parks, playgrounds and other public purposes under the Plan, are hereby approved and adopted as the map and plat for the Riverwalk Allocation Area. 8. The 2025 Amendments are reasonable and appropriate when considered in relation to the Declaratory Resolution and the Plan and the purposes of the Act. 9. The findings and determinations set forth in the Declaratory Resolution and the Plan are hereby reaffirmed. - 3 - 10. The Commission finds that no residents of the Area will be displaced by any project resulting from the 2025 Amendments, and therefore finds that it does not need to give consideration to transitional and permanent provision for adequate housing for the residents. 11. The 2025 Amendments are hereby in all respects approved. 12. The area described in Exhibit A is hereby removed from the Allocation Area, and is hereby designated as a separate “allocation area” pursuant to Section 39 of the Act to be known as the “Riverwalk Allocation Area,” for purposes of the allocation and distribution of property taxes for the purposes and in the manner provided by said Section. Any taxes imposed under I.C. 6-1.1 on real property subsequently levied by or for the benefit of any public body entitled to a distribution of property taxes on taxable property in said allocation area shall be allocated and distributed as follows: Except as otherwise provided in said Section 39, the proceeds of taxes attributable to the lesser of the assessed value of the property for the assessment date with respect to which the allocation and distribution is made, or the base assessed value, shall be allocated to and when collected paid into the funds of the respective taxing units. Except as otherwise provided in said Section 39, property tax proceeds in excess of those described in the previous sentence shall be allocated to the District and when collected paid into an allocation fund for the Riverwalk Allocation Area hereby designated as the “Riverwalk Allocation Area Allocation Fund” and may be used by the District to do one or more of the things specified in Section 39(b)(4) of the Act, as the same may be amended from time to time. Said allocation fund may not be used for operating expenses of the Commission. Except as otherwise provided in the Act, before June 15 of each year, the Commission shall take the actions set forth in Section 39(b)(5) of the Act. The Commission hereby finds that the adoption of this allocation provision will result in new property taxes in the Riverwalk Allocation Area that would not have been generated but for the adoption of the allocation provision, as specifically evidenced by the findings set forth in Exhibit B. The base assessment date for the Riverwalk Allocation Area is January 1, 2025. 13. The provisions of this Resolution shall be subject in all respects to the Act and any amendments thereto, and the allocation provisions herein relating to the Riverwalk Allocation Area shall expire on the date that is twenty-five (25) years after the date on which the first obligation is incurred to pay principal and interest on bonds or lease rentals on leases payable from tax increment revenues derived from the Riverwalk Allocation Area. 14. Any member of the Commission is hereby authorized to take such actions as are necessary to implement the purposes of this resolution, and any such action taken prior to the date hereof is hereby ratified and approved. 15. This Resolution, together with any supporting data, shall be submitted to the City of South Bend Plan Commission (the “Plan Commission”) and the Common Council of the City (the “Common Council”) as provided in the Act, and if approved by the Plan Commission and the Common Council shall be submitted to a public hearing and remonstrance as provided by the Act, after public notice as required by the Act. - 4 - 16. This Resolution shall take effect immediately upon its adoption by the Commission. ADOPTED AND APPROVED at a meeting of the South Bend Redevelopment Commission held on the 9th day of January, 2025. SOUTH BEND REDEVELOPMENT COMMISSION President ATTEST: Secretary A-1 EXHIBIT A LEGAL DESCRIPTION Riverwalk Allocation Area River West Development Area Lot B of the Crowe Chizek Second Minor Subdivision Lot Line Adjustment B-1 EXHIBIT B 2025 PLAN SUPPLEMENT The Plan is further supplemented and amended to add the description for the territory to be known as the Riverwalk Allocation Area as set forth at Exhibit A. Tax Increment Revenues from the Riverwalk Allocation Area may be used to support all or any portion of the development, design, construction, equipping, and improving, as the case may be, of a development consisting of 2 buildings housing 291 apartments and a 398-space structured garage to be located in the Riverwalk Allocation Area and for any other economic development projects that are located in or serve the Riverwalk Allocation Area. The Commission anticipates capturing tax increment revenues from the Riverwalk Allocation Area and applying such tax increment revenues to offset payments by developers on promissory notes in connection with economic development revenue bond financings undertaken by the unit, or to pay principal or interest on economic development revenue bonds issued by the unit to provide incentives to a developer, in furtherance of the economic development or redevelopment purposes of the Riverwalk Allocation Area. Based on representations made to the Commission, the Commission has determined that the full development of the Riverwalk Allocation Area with the improvements described above, will not proceed as planned without the contribution of tax increment revenues to be derived from the Riverwalk Allocation Area to the projects described above. DMS 45741586v2 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 12/23/2024 FROM: Erin Michaels, Property Development Manager SUBJECT: Disposition of 808 S. Lafayette Blvd 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: Begin Disposition Process of 808 S Lafayette Blvd. SPECIFICS: The Redevelopment Commission (RDC) acquired 808 S Lafayette Blvd. (the “Property”) through a certain Real Estate Purchase Agreement executed on May 31, 2012, along with (9) other parcels. City Staff believe there may be redevelopment interest in the property. The attached three documents – Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be disposed and set the following conditions for a bid on the Property: - $9,500 minimum bid (average of two appraisals) - All bids will be due by 9:00 a.m. on February 13, 2025, and opened publicly at the RDC meeting on February 13, 2025 - During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. Staff requests approval of all three items. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Bid Specifications & Design Considerations Sale of Redevelopment Owned Property Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E Property Tax ID: 018-3042-1609 & 018-3042-1608 Commonly Known As: 808 S. Lafayette Blvd River West Development Area 1. All of the provisions of I.C. 36-7-14-22 will apply to the bidding process. 2. All offers must meet the minimum price listed on the Offering Sheet (page 7). 3. Proposals for redevelopment are required to be for projects that are permitted within the I Industrial zoning designation. All proposals must conform to the existing zoning provisions as outlined in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. Proposals for the reuse of the property must include a basic reuse plan for the site and a project timeline detailing aspects of the site redevelopment and site improvements. During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. 4. Bidders are prohibited from the use of the property for speculation or land-holding purposes. 5. All other provisions of the River West Development Area Development Plan must be met. Proposal Documents and Forms for Property Disposition City of South Bend Redevelopment Commission Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E Commonly Known As: 808 S. Lafayette Blvd Parcel ID: 71-08-12-354-003.000-026 & 71-08-12-354-002.000-026 River West Development Area City of South Bend James Mueller Mayor Caleb Bauer Executive Director Department of Community Investment Sandra Kennedy Corporation Counsel Redevelopment Commission Troy Warner President Dave Relos Vice-President Vivian G. Sallie Secretary Eli Wax Member Gillian Shaw Member Bidding Expires at 9:00 a.m. (local time) on- February 13, 2025 1 Index of Documents Proposal Documents 1. Instructions to Applicants 2 2. Offering Sheet 7 3. Property Tax Number(s) 8 4. Disposition Property Map 9 5. Bid Specifications & Design Considerations 10 6. Legal Notice 11 7. Resolution Regarding Prevailing Wage Rates 12 Proposal Forms 1. Proposal 1 2. Statement of Qualifications and Financial Responsibility 3 3. Statement for Public Disclosure 7 4. Affidavit of Non-Collusion 9 2 Instructions to Applicants The South Bend Redevelopment Commission (“Commission”) invites proposals for the purchase and re-use of certain real property with a legal description of Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E South Bend, commonly known as 808 S. Lafayette Blvd. within the River West Development Area, South Bend, Indiana. The Proposal Documents provide Applicants with essential information regarding the Disposition process and the Project Site. Each Applicant should read this information thoroughly before submitting a proposal to the Commission. The Proposal Forms are required as part of any proposal submitted for the purchase of Commission-owned land. All Forms must be complete. The Commission may reject any proposal submitted with incomplete or missing information. Evaluation Criteria The Commission may use the following criteria to guide its review and acceptance or denial of a proposal:  The degree to which the Applicant’s proposal meets the objectives of the Development Plan for the River West Development Area prepared by the Department of Community Investment and approved by the Commission, the South Bend Plan Commission, and the Common Council; and the surrounding businesses and neighborhood.  The use of the improvements proposed to be made by the Applicant on the real property; the Applicant's plans and ability to implement the re-use of the real estate with reasonable promptness; whether the real property will be sold or rented; the Applicant's proposed sale or rental prices; and any factors which will assure the Commission that the sale, if made, will further the execution of the River West Development Plan and will best serve the interest of the community, from the standpoint of both human and economic welfare.  The financial responsibility, qualifications, experience and ability of the Applicant to finance and complete the development.  The proposal which will provide the Commission with the best possible development, based upon the price offered for the property and consistent with the preceding objectives.  Any conflict among these criteria will be reconciled to the best interest of the Development Area and the City of South Bend, as determined by the Commission. 3 Disposition Process Bidding All bids for the purchase and re-use of certain property in the River West Development Area must be delivered to the Department of Community Investment (“Department”), located at: 1400 S. County-City Building 227 West Jefferson Boulevard South Bend, Indiana 46601 on or before 9:00 a.m. (local time) on February 13, 2025. All proposals will be opened and made public at a public meeting of the South Bend Redevelopment Commission, held at 9:30 a.m. (local time) on February 13, 2025 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 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. Proposals with completed forms and without any missing information will be reviewed by the Commission according to the Evaluation Criteria as stated above. The Commission reserves the right to reject any bid and may make awards to the highest and best bidder. Notice of acceptance or rejection will be mailed to each of the bidders via US Mail to the address stated on the Proposal Forms. All offers will be subject to the requirements of the Contract for Sale of Land as referenced on Page 6. After the Bidding Period Once the bidding period has expired, proposals may be made to the Commission for the remaining property available, if any. All Applicants should familiarize themselves with the Proposal Forms and any proposal submitted after the bidding period has expired shall be completed utilizing the Proposal Forms. Proposals after the termination of the bidding period are to be submitted to the Department for review and consideration. The Commission will review proposals based upon the Evaluation Criteria as stated above. The Commission reserves the right to reject any proposal. Notice of acceptance or rejection will be mailed to each of the Applicants via US Mail to the address as stated on the Proposal Forms. Proposals All proposals must be complete and include the information and documentation requested in the Proposal Forms. Proposals that are submitted with incomplete or missing information will not be accepted. Applicant must use the Proposal Forms as provided by the Department. 4 Proposal Forms The Proposal Forms must be complete before the Commission will review the proposal. The first and second pages of the Proposal Forms describe the Applicant's offer for the real property. Applicants shall fill in all applicable spaces and sign accordingly. Each Applicant shall submit the following as part of the Applicant’s proposed offer:  Narrative Description (Proposal Forms, page 1) A Narrative Description of the Applicant’s proposed development project for the real property must be submitted as part of the proposal. The Narrative Description should note the exact nature, character and use of the proposed improvements. Maps, plans and drawings shall be included to clearly indicate the location, size, materials, style of structures, parking lots, and other improvements. All proposed improvements and uses must conform to the Bid Specifications and Design Considerations and the River West Development Area Development Plan. The maps, plans and drawings as submitted will be examined by the Commission to determine whether, in the Commission’s sole opinion, the Applicant’s proposal conforms to the Bid Specifications and the River West Development Plan. The Commission may reject any offer which does not conform to said Specifications, Guidelines and/or Plan.  Proposed Site Plan (Proposal Forms, page 1) All Applicants must submit a site plan for the real property on which the Applicant has made an offer. This site plan should be included as Exhibit "A" of the proposal. If the Applicant's proposal is accepted, the Applicant will be required to formalize the site plan with Commission Staff as part of the final documentation.  Faithful Performance Guaranty (Proposal Forms, page 2) All proposals must be submitted with a Faithful Performance Guaranty in an amount not less than 10% of the total purchase price offered for the property. The Faithful Performance Guaranty will secure the execution of the Contract and the development of the proposed improvements. The Faithful Performance Guaranty may be in the form of a certified or cashier's check or other security as approved by the Department. No offer will be considered unless it is accompanied by the required guaranty. All checks should be made payable to the City of South Bend, Department of Community Investment. Except as otherwise herein noted, the Faithful Performance Guaranty of all unsuccessful Applicants will be returned as soon as practicable after notice of rejection. 5 The Faithful Performance Guaranty will be refunded to the successful Applicant at such time that the Commission deems that Applicant has completed all improvements to the real property, as proposed, and the Commission has issued a Certificate of Completion evidencing same.  Statement of Qualifications and Financial Responsibility (Proposal Forms, pages 3-6) The Commission shall have the right to make such investigations as it deems necessary to determine the ability of the Applicant to perform the obligations of the proposed offer. The Commission reserves the right to reject any proposed offer where the evidence or information does not satisfy the Commission that the Applicant is qualified to properly carry out the obligations of the proposed offer, or where the Applicant refuses to cooperate or assist the Commission in making such investigation.  Statement for Public Disclosure (Proposal Forms, pages 7-8) The Commission shall have the right to make such investigations as it deems necessary to determine the completeness of the Applicant's disclosure. The Commission reserves the right to reject any proposed offer where the available evidence or information does not satisfy the Commission that the Applicant has made a full disclosure, or where the Applicant refuses to cooperate and assist the Commission in making such investigation, or the Commission otherwise determines said Statement to be unsatisfactory.  Affidavit of Non-Collusion (Proposal Forms, page 9) The form of Affidavit of Non-Collusion is included in the Proposal Forms, and the Applicant must use the form provided. The Affidavit is to the effect that the Applicant has not colluded, conspired, connived, or agreed with any other Applicant or person, firm or corporation in regard to any offer submitted to the Commission. The failure of any Applicant to submit the Affidavit of Non-Collusion shall be cause for rejection of the offer.  Corrections Erasures or other changes to the Proposal Forms must be explained or noted over the signature of the Applicant.  Withdrawal of Proposals Proposals submitted prior to the scheduled public opening of the bids may be withdrawn upon written request of the Applicant if such request is received by the Department not less than twenty-four (24) hours prior to said public opening. Unopened bids will be returned promptly. Commission's Rights The Commission reserves the right to accept or reject any or all proposals and to waive any 6 formalities in bidding which are not mandatory requirements. Execution of Contract Upon award of the bid by the Commission, the successful Applicant shall enter into a Contract for Sale of Land with the Commission for the purchase and development of said property within 30 days of notice of acceptance. The Contract for Sale of Land will provide for the conveyance of the property therein purchased by quit-claim deed, together with title insurance policy showing good and merchantable title, upon payment of the full purchase price. Additional Information For further information as to the disposition program of the South Bend Redevelopment Commission, and to inquire about touring the property in advance of bidding, interested parties should contact the following staff member: Joseph Molnar Assistant Director of Growth and Opportunity 1400 S. County-City Building 227 West Jefferson Boulevard South Bend, Indiana 46601 (574) 245-6052 (Office Phone) jrmolnar@southbendin.gov 7 Offering Sheet Property Size Minimum Offering Price Proposed Re-Use Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E 018-3042-1609 & 018-3042-1608 71-08-12-354- 002.000-026 & 71-08-12-354- 003.000-026 Commonly Known As 808 S. Lafayette Blvd (see map on page 9) Site: 0.23 acres $9,500 Projects that are permitted within the I Industrial zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the goals and objectives of the River West Development Area and the surrounding businesses and neighborhood. 8 Property Tax Identification Numbers 018-3042-1609 & 018-3042-1608 9 Disposition Property Map 10 Bid Specifications & Design Considerations Sale of Redevelopment Owned Property Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E Property Tax ID: 018-3042-1609 & 018-3042-1608 Commonly Known As: 808 S. Lafayette Blvd River West Development Area 1. All of the provisions of I.C. 36-7-14-22 will apply to the bidding process. 2. All offers must meet the minimum price listed on the Offering Sheet (page 7). 3. Proposals for redevelopment are required to be for projects that are permitted within the I Industrial zoning designation. All proposals must conform to the existing zoning provisions as outlined in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. Proposals for the reuse of the property must include a basic reuse plan for the site and a project timeline detailing aspects of the site redevelopment and site improvements. During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. 4. Bidders are prohibited from the use of the property for speculation or land-holding purposes. 5. All other provisions of the River West Development Area Development Plan must be met. 11 Notice of Intended Disposition of Property RIVER WEST DEVELOPMENT AREA Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E Tax ID: 018-3042-1609 & 018-3042-1608 Commonly Known As: 808 S. Lafayette Blvd 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 February 13, 2025 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 the February 13, 2025 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 Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E Tax ID: 018-3042-1609 & 018-3042-1608, commonly known as 808 S. Lafayette Blvd. 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 I Industrial 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, Assistant Director of Growth & Opportunity Publish Dates: January 17 and January 24, 2025 12 Resolution Regarding Prevailing Wage Rates 1 Proposal Forms Proposal To: South Bend Redevelopment Commission 1400 S. County-City Building 227 West Jefferson Boulevard South Bend, Indiana 46601 Commissioners: The Undersigned having familiarized itself with the present conditions of the Project Site as hereinafter designated and legally described and with the Proposal Documents and Forms; and certifying its desire to participate in the development of the said property pursuant to Federal, State and Local ordinances and regulations, and the Development Plan as approved by the Redevelopment Commission; hereby offers and proposes to purchase or lease all or part of the Disposition Parcel identified in Exhibit “A” made part of this proposal. The Applicant’s offer is described as follows: Project Area Disposition Parcel Number Total Acres Offer is for: Entire Parcel Part of Parcel Form of Contract: Purchase Lease Term Dollars $ Purchase Price Dollars $ Annual Lease Payment A Narrative Description of the proposed development on the Disposition Parcel identified in Exhibit “A”, describing the exact nature and character of the improvements proposed and their use; together with maps and plans sufficiently complete to indicate the general improvements to be made is attached and is to be considered a part of this proposal. (Maps and plans must be of sufficient scale to indicate clearly the location of the structures and other proposed improvements and should provide information on building elevations and materials.) The Proposal Forms as provided by the Department of Community Investment (Department) have been completed and are considered a part of this proposal. The Proposal Forms include: (1) a Statement of the Qualifications and Financial Responsibility; (2) a Statement for Public Disclosure, and; (3) a sworn Affidavit of Non-Collusion. It is the understanding of the Applicant that the Statement of the Qualifications and Financial Responsibility is confidential and to be used solely by the South Bend Redevelopment Commission and the Department. 2 A Faithful Performance Guaranty in the sum of Dollars ($ ), an amount equal to at least 10% of the total amount offered for the real property described in Exhibit “A”, it being understood by the Applicant that the Faithful Performance Guaranty shall guarantee the Applicant’s execution of and performance of the purchase or lease agreement. The Faithful Performance Guaranty will be refunded to the successful Applicant at such time the Commission deems that the improvements to the land, as proposed, have been completed and the Commission as evidenced by a Certificate of Completion issued by the Commission. The Faithful Performance Guaranty will be refunded in the event this offer is rejected. Acceptance or rejection of Applicant’s proposal shall be made by depositing such notification in the US Mail addressed to the undersigned (Applicant) at the address set forth below. In submitting this offer to purchase or lease, it is understood that the right to reject such offer is reserved by the Commission. The undersigned further agrees to execute a contract for the purchase or lease of land for development in the form prepared by the Department within thirty (30) days after notification of acceptance of this offer and to develop and use the above identified parcel(s) of land in conformity with the Federal, State and Local ordinances and regulations; applicable Development Plan; the Bid Specifications & Design Considerations; and the Narrative Description and maps and plans as submitted herein, with amendments, if any, as approved by the Commission. Dated Respectfully submitted, Name of Individual or Corporation By: Signature Name (type) Title ATTEST: (BY SECRETARY OF A Corporation) Address: By: Signature Name (type) Title Address: 3 Statement of Qualifications and Financial Responsibility Applicant: Address: 1. Is the Applicant a subsidiary of or affiliated with any other corporation or corporations or any other firm or firms? Yes No If yes, list each corporation or firm by name and address, specify its relationship to the Applicant, and identify the officers and directors or trustees common to the Applicant and such other corporation or firm: 2. The financial condition of the Applicant, as of , , is as reflected in the attached financial statement. Name and address of auditor or public accountant who performed the audit on which said financial statement is based: (NOTE: Attach to this statement a certified financial statement showing the assets and the liabilities, fully itemized in accordance with accepted accounting standards and based on a proper audit. If the date of the certified financial statement precedes the date of this submission by more than six months, also attach an interim balance sheet not more than 60 days old.) 3. If funds for development of the land are to be obtained from sources other than the Applicant’s own funds, a statement of the Applicant’s plan for financing the acquisition and development of the land: 4 4. Sources and amount of cash available to Applicant to meet equity requirements of the proposed undertaking: a. In banks: Name and Address of Bank Amount b. By loans from affiliated or associated corporations or firms: Name and Address of Bank Amount c. By sale of readily salable assets: Description Market Value Mortgages or Liens 5. Names and addresses of bank references: 6. Has the Applicant or (if any), the parent corporation, or any subsidiary or affiliated corporation of the Applicant or said parent corporation, or any of the Applicant’s officers or principal members, shareholders or investors, or other interested parties (as listed in items 5, 6, and 7 of the Statement for Public Disclosure and referred to herein as principals of the Applicant) been adjudged bankrupt, either voluntary or involuntary, within the past 10 years? Yes No If yes, give date, place and under what name: 7. Has the Applicant or anyone referred to above as principals of the Applicant been indicted for or convicted of any felony within the past 10 years? Yes No If yes, give for each case (1) date, (2) charge, (3) place, (4) Court, (5) action taken. Attach any explanation deemed necessary. 8. Undertakings, comparable to the proposed development, which have been completed by the Applicant or any of the principals of the Applicant, including a brief description of each project and date of completion: 9. If the Applicant, or any principals of the Applicant, has ever been an employee, in a supervisory capacity, for a construction contractor or builder on undertakings comparable 5 to the proposed development, the name of such employee, name and address of employer, title, and brief description of work: 10. If the Applicant or a parent corporation, a subsidiary, an affiliate, or a principal of the Applicant is to participate in the development of the land as a construction contractor or builder: a. Name and address of such contractor or builder: b. Has such contractor or builder within the last 10 years ever failed to qualify as a responsible bidder, refused to enter into a contract after an award has been made, or failed to complete a construction or development contract Yes No If yes, explain: c. Total amount of construction or development work performed by such contractor or builder during the last three years: $ . General description of such work: d. Construction contracts or developments now being performed by such contractor or builder: Identification of Date to be Contract or Development Location Amount Completed 11. Brief statement regarding equipment, experience, financial capacity, and other resources available to such contractor or builder for the performance of the work involved in the development of the land, specifying particularly the qualifications of the personnel, the nature of the equipment and the general experience of the contractor: 12. Does any member of the South Bend Redevelopment Commission or any officer or employee of the City of South Bend Department of Redevelopment have any direct or 6 indirect personal interest in the Applicant or the development of the land as proposed? Yes No If yes, explain: 13. Does any member of the governing body of the City of South Bend or any public official or employee of the City of South Bend have any direct or indirect personal interest in the applicant or the development of the land as proposed? If yes, explain: 14. Statements and other evidence of the Applicant’s qualifications and financial responsibilities (other than the financial statement referred to above) are attached hereto and hereby made a part hereof as follows: Certification I (We), Certify that this Statement of Qualifications and Financial Responsibility and the attached evidence of the Applicant’s qualifications and financial responsibility, including financial statements, are true and correct to the best of my (our) knowledge and belief. Name Name Signature Signature Title Title Date Date (If the Applicant is an individual, this statement should be signed by such individual; if a partnership, by one of the partners; if a corporation or other entity, by one of its chief officers having knowledge of the facts required by this statement) 7 Statement for Public Disclosure Applicant: Address: Taxpayer ID#: 1. Applicant proposes to enter into contract for the purchase or lease of land from the South Bend Redevelopment Commission. Said land is more accurately described in Exhibit “A”. 2. Organizational Status of Applicant: An individual A corporation A not-for-profit corporation or charitable institution A partnership known as: A business association or a joint venture known as: A Federal, State or Local government or instrument thereof Other (explain): 3. Organized and operating under the laws of 4. Date of Organization: 5. Names, addresses, and title of principal officers, investors, members or shareholders of Applicant, as follows: (attach additional sheets if necessary) a. CORPORATION: the officers, directors or trustees, and each stockholder owning more than 10% of any class stock b. NOT-FOR-PROFIT: the members who constitute the board of trustees or board of directors or similar governing body c. PARTNERSHIP: each partner, whether a general or limited partner, and the nature and percent of interest d. BUSINESS ASSOCIATION OR JOINT VENTURE: each participant and the nature and percent of interest 8 e. OTHER ENTITY: the officers, the members of the governing body, and each person having an interest of more than 10% Name & Address Title and nature and percent of interest 6. Names, addresses, and the nature and percent of interest of each person or entity (not named in Item 5) who has a beneficial interest in any of the shareholders or investors named in Item 5 which gives such person or entity more than a computed 10% interest in the Applicant (for example, more than 20% of the stock in a corporation which holds 50% of the stock of the Applicant; or more than 50% of the stock in a corporation which holds 20% of the stock of the Applicant). Name & Address Title and nature and percent of interest 7. Names of officers and directors, or trustees of any corporation or firm listed under Item 5 or Item 6 above. Name & Address Title and nature and percent of interest Certification I (We), Certify that this Statement for Public Disclosure is true and correct to the best of my (our) knowledge and belief. Name Name Signature Signature Title Title Date Date (If the Applicant is an individual, this statement should be signed by such individual; if a partnership, it should be signed by one of the partners; if a corporation or other entity, it should be signed by one of its chief officers having knowledge of the facts required by this statement) 9 Affidavit of Non-Collusion State of Indiana ) ) SS: County of St. Joseph ) The undersigned, being first fully sworn, deposes and says that: 1. He/she is: owner, partner, officer, representative, agent, of (applicant); 2. He/she is fully informed respecting the preparation and contents of the attached offer and of all pertinent circumstances respecting such offer; 3. Such offer is genuine and not a collusive or sham offer; 4. Neither said Applicant nor any of its officers, partners, owner’s agents, representatives, employees, or parties in interest, including this affiant, has in any way colluded, conspired, connived, or agreed directly or indirectly, with any other Applicant, firm or person to submit a collusive or sham offer in connection with the Contract for which the attached offer has been submitted or to refrain from making an offer in connection with such Contract, or has in any manner, directly or indirectly, sought by agreement or collusion or communication or conference with any other Applicant, firm or person to fix the price or prices in the attached offer, or of any other Applicant, or to fix any overhead, profit, or cost element of the offering price of any other Applicant, or to secure through any collusion, conspiracy, connivance or unlawful agreement any advantage against the City of South Bend and/or its Department of Community Investment and/or the South Bend Redevelopment Commission person interested in the proposed Contact; and 5. The price or prices quoted in the attached offer are fair and proper and are not tainted by any collusion, conspiracy, connivance, or unlawful agreement on the part of the Applicant or any of its agents, representatives, owners, employees or parties in interest, including this affiant. Affiant Signature Title Before me, the undersigned, a Notary Public, _________________________________ subscribed and swore to this Affidavit of Non-Collusion on this _______________ day of _______________, ___________. (Seal) Notary Public A resident of ____________________________, County, _________________. South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 12/23/2024 FROM: Erin Michaels, Property Development Manager SUBJECT: Disposition of 808 S. Lafayette Blvd 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: Begin Disposition Process of 808 S Lafayette Blvd. SPECIFICS: The Redevelopment Commission (RDC) acquired 808 S Lafayette Blvd. (the “Property”) through a certain Real Estate Purchase Agreement executed on May 31, 2012, along with (9) other parcels. City Staff believe there may be redevelopment interest in the property. The attached three documents – Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be disposed and set the following conditions for a bid on the Property: - $9,500 minimum bid (average of two appraisals) - All bids will be due by 9:00 a.m. on February 13, 2025, and opened publicly at the RDC meeting on February 13, 2025 - During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. Staff requests approval of all three items. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Notice of Intended Disposition of Property RIVER WEST DEVELOPMENT AREA Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E Tax ID: 018-3042-1609 & 018-3042-1608 Commonly Known As: 808 S. Lafayette Blvd 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 February 13, 2025 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 the February 13, 2025 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 Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E Tax ID: 018-3042-1609 & 018-3042- 1608, commonly known as 808 S. Lafayette Blvd. 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 I Industrial 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, Assistant Director of Growth & Opportunity Publish Dates: January 17 and January 24, 2025 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 12/23/2024 FROM: Erin Michaels, Property Development Manager SUBJECT: Disposition of 808 S. Lafayette Blvd 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: Begin Disposition Process of 808 S Lafayette Blvd. SPECIFICS: The Redevelopment Commission (RDC) acquired 808 S Lafayette Blvd. (the “Property”) through a certain Real Estate Purchase Agreement executed on May 31, 2012, along with (9) other parcels. City Staff believe there may be redevelopment interest in the property. The attached three documents – Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be disposed and set the following conditions for a bid on the Property: - $9,500 minimum bid (average of two appraisals) - All bids will be due by 9:00 a.m. on February 13, 2025, and opened publicly at the RDC meeting on February 13, 2025 - During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. Staff requests approval of all three items. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION RESOLUTION NO.3625 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ESTABLISHING THE OFFERING PRICE OF PROPERTY IN THE RIVER WEST DEVELOPMENT AREA WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the City of South Bend, Indiana, Department of Redevelopment, exists and operates pursuant to I.C. 36-7-14 (the “Act”); and WHEREAS, the Commission may dispose of real property in accordance with Section 22 of the Act; and WHEREAS, the real property identified at Exhibit A attached hereto and incorporated herein (the "Property") has been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of their appraisals is contained in the Commission’s files; and WHEREAS, each such appraisal has been reviewed by a qualified Redevelopment staff person, and no corrections, revisions, or additions were requested by such reviewer. NOW, THEREFORE, BE IT RESOLVED by the Commission, pursuant to Section 22 of the Act, that based upon such appraisals, the offering price of the Property described at Exhibit A is hereby established as stated therein, which amount is not less than the average of the two appraisals, and all documentation related to such determination is contained in the Commission’s files. IT IS FURTHER RESOLVED that all notices and other actions required by Section 22 of the Act be performed in order to effectuate the disposal of the Property. ADOPTED at a meeting of the South Bend Redevelopment Commission held on January 9, 2025 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ____________________________ Troy Warner, President ATTEST: ____________________________ Vivian G. Sallie, Secretary EXHIBIT A TO RESOLUTION NO. 3625 Offering Sheet Property Size Minimum Offering Price Proposed Re-Use Lots 22 Ft Nside Lot 190 & 12 Ft S Side Lot 191 & W1/2 Vac Alley E & Adj D Garst 1st & 12 Ft N Side Lot 188 & All Of Lot 189 & 3 Ft S Side Lot 190 & W1/2 Vac Alley E 018-3042-1609 & 018- 3042-1608 71-08-12-354-002.000- 026 & 71-08-12-354-003.000- 026 Commonly Known As 808 S.Lafayette Blvd Site: 0.23 acres $9,500 Projects that are permitted within the I Industrial zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the goals and objectives of the River West Development Area and the surrounding businesses and neighborhood. South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 1/6/25 FROM: Joseph Molnar, Assistant Director of Growth & Opportunity SUBJECT: Approval of Main Street Housing RFP 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: Approval of the Request for Proposals for the land located adjacent to the Morris PAC SPECIFICS: The attached Request for Proposals (“RFP”) is soliciting proposals from interested developers for a new housing project in downtown South Bend. The Raclin Murphy Encore Center is currently under construction adjacent to the Morris Performing Arts Center (the “Morris”). The Raclin Murphy Encore Center will be a 20,000-square-foot expansion of the Morris. The Encore Center is Phase II of The Neverending Encore which was the culmination of the 100th anniversary of the Morris following Phase I which totaled $10 million in improvements to the Morris. The final Phase III of The Neverending Encore is an envisioned to be an attached parking garage. This garage will be constructed in the surface parking lot on Main Street. The attached RFP envisions enhancing the parking garage with a housing development that can bring additional vitality downtown. The housing development contemplated includes placing units on top of the “L” shaped garage (Option A) or constructing the housing development as a separate building, adjacent to the parking garage (Option B). The RFP does not envision the Redevelopment Commission selling land to a developer but rather entering into a long-term lease agreement. The RFP sets out clear project requirements, submission requirements, evaluation criteria, and the process for evaluation. Staff recommend the approval of the RFP. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION County-City Building 227 W Jefferson Blvd, Suite 1400 S South Bend, IN 46601 James Mueller, Mayor Phone Email Website 311 inside City limits 311@southbendin.gov Southbendin.gov City of South Bend Department of Community Investment CITY OF SOUTH BEND REDEVELOPMENT COMMISSION DEVELOPER REQUEST FOR PROPOSALS – MAIN STREET HOUSING Introduction The Redevelopment Commission is pleased to present this Request for Proposals for the downtown housing development associated with the Morris Performing Arts Center (PAC). The City of South Bend is requesting proposals for the creative inclusion of housing in conjunction with a new downtown parking garage constructed by the City. We are excited to identify a partner who can collaborate with the City to achieve this important residential development. With the recent expansion of the Morris PAC proceeding towards construction, the time is right to now turn attention to supporting this important cultural asset with connected parking while also continuing to bring more residents to our downtown. Project Description The City of South Bend is soliciting proposals from interested and experienced developers for a new housing project associated with the Morris Performing Arts Center (PAC). The City of South Bend is embarking on an enhancement project for the Morris PAC. This will include a new expansion to the Morris PAC which will complete the street scape along Michigan Street between the existing Morris PAC and the La Salle Apartments. This new expansion will be a two-level building with a footprint of approximately 8,500 GSF. (Reference attached renderings of the Morris PAC expansion.) The City will also be constructing a new parking garage to support the Morris PAC. This garage will be constructed in the surface parking lot on Main Street, west of this new Morris PAC expansion and above its existing loading dock. (Reference the attached site plan and concept floor plans.) The City is contemplating two configurations for the parking garage:  Option A) An “L” shaped garage that covers the surface parking lot and spans over the truck access to the loading dock, or City of South Bend Community Investment  Option B) A simple two -bayed parking garage which is constructed directly west of the PAC expansion only. Both garages are anticipated to include 400 +/- spaces with vehicular ingress and egress off of Main Street. Access to the Morris PAC loading dock will remain on Main Street. The parking garage levels will all be constructed above grade. The City is desiring to enhance the parking garage with a housing development that can bring additional vitality to the downtown. The housing development contemplated includes placing units on top of the “L” shaped garage (Option A) or constructing the housing development as a separate building, adjacent to the parking garage (Option B) which will necessitate the housing spanning over the loading dock access. The construction of the parking garage will be either a cast-in-place concrete structure or a precast structure. This decision will be based on construction cost and compatibility with the proposed housing development. Additionally for both options, the City’s Municipal Utilities Office, located at the northeast corner of Colfax and Main Streets, will be demolished allowing this parcel to be included with the housing development. This will allow the housing development to have street presence and pedestrian access at this corner. The housing development on this site can then span the alley to the north and connect to the remainder of the housing placed on top of the “L” shaped garage (Option A) or connect with the housing placed over the loading dock access (Option B). The housing development for both options is anticipated to include 60 – 90 housing units, depending on the mix of unit types. The parking garage will be a shared garage for use by the tenants of the housing development and the public, including patrons of the Morris PAC for scheduled events. It is anticipated that 90 – 135 spaces will be made available for the housing development depending on the final number of units constructed. The remaining balance of the spaces will be available as public parking spaces. It is anticipated that the housing spaces will be nested / separated on the upper floors of the parking garage for both the LaSalle Apartments, the Hoffman Apartments, and the new housing. The architectural character of the proposed development (reference attached renderings) suggests a cohesively designed development consistent with downtown urban design. The City will provide an architectural façade for the parking garage for either option. The housing development’s exterior will complement the parking garage facade design to create a cohesive look to the overall development. Collaboration with the design of both components will be needed to accomplish a successful result. Developer Qualifications / Incentives / Development Framework This Request for Proposals (RFP) is directed to interested developers who have demonstrated experience with urban housing developments that include parking garages. These housing developments need to have either integrated garages with the housing (similar to Option A) or stand-alone garages adjacent and connected to the housing (similar to Option B). The developer will need to have been in the urban housing development business for a minimum of 10 years. Familiarity with the City of South Bend’s on-going downtown revitalization, demographics, and overall housing market will be beneficial. City of South Bend Community Investment The developer will need to specify in their submittal any incentives (City, Federal, or otherwise) and the amounts thereof that is anticipated to be included in the project capital stack and provide information regarding the process and timeline for securing these. It is expected that the City of South Bend will own the Parking Garage and the land the housing development is built on and lease the land to the developer of the housing development via an indefinite long-term ground lease. The site is zoned DT Downtown which is the appropriate zoning classification for this scale and type of project. Developers should be familiar with the zoning requirements and proposed projects which meet the intent of the South Bend zoning ordinance. Submission The submission requirements will be as follows:  Cover Letter including: o Organization Name o Address o Phone & Email  Team Organization: o Description of Team o Organizational Chart with Individuals o Key Staff o Description of Roles (including percentage of each team members time devoted to the project) o Resumes  Proposal for Housing Development: o Outline of development and financial terms (Pro Forma expected later) o Any or all proposed lease payment or terms to the Redevelopment Commission o Projected overall construction costs and other private investment o Proposed project schedule o Details regarding unit affordability, including percentage of proposed affordable units o Details regarding incentives developer is requesting o Project exterior renderings and diagrammatic floor plans  Description of the proposed Developer and Operator: o Identify other firms co -submitting the proposal and their relationship to the developer, and involvement in the project o Description of developer’s in-house capabilities o Number of years in business o Documentation of financial ability to complete the project  Examples of Prior Relevant Experience: o Number of Projects o Location of Projects o Number of Units o Total Project Cost o Imagery of Completed Examples City of South Bend Community Investment All exhibits, drawings, renderings, and other material included in the submission, in addition to the sealed bid, will be retained by the Redevelopment Commission. The Redevelopment Commission reserves the right to accept, reject, or table any and / or all offers for any / all reasons. Submission Instructions Questions shall be submitted to Joseph R. Molnar no later than 5:00pm local time March 27, 2025. The Redevelopment Commission intends to respond in writing or email to all questions that will be an addendum to the RFP, and such information will be provided to all respondents receiving a packet via email. All such addenda shall become a part of the RFP, and all respondents shall be bound by such addenda, whether or not received by the submitter. Respondents shall submit their responses electronically to jrmolnar@southbendin.gov and should reference this proposal in both the subject line of the email and in the proposed document. All response files should be in PDF format, with individual file sizes limited to 20MB. All responses must be received by 12:00pm local time, March 27, 2025. Hard copies may be required at a later date.  Timeline o RFP Released January 9, 2025 o Questions Due March 27, 2025 o Offering Sheet and Question Responses Provided April 10, 2025 o Proposals Due April 24, 2025 o Redevelopment Commission Proposal Opening May 8, 2025 o Interviews May 15, 2025 – June 12, 2025 o Staff Recommendation to Redevelopment Commission July 10, 2025 . Option Agreement & Project Agreement In order to ensure timely commencement of the site development, within 90 days of notification of selection, the selected developer may be required to enter into a written agreement pertaining to the eventual lease of the site. Upon notification of selection, the developer will concurrently proceed with due diligence, pre-development activities, requests for incentives, and pursuit of real estate entitlements, while also working with the City to negotiate a required Project Agreement for the ground lease. Appendix  Site Plan  Diagrammatic Floor Plans  Axonometric Massing Studies  Renderings PURPOSE + OVERVIEW The City of South Bend is soliciting proposals from interested and experienced developers for a new housing project associated with the Morris Performing Arts Center (PAC). The City will be constructing a new parking garage to support the Morris PAC. This garage will be constructed in the surface parking lot on Main Street, west of this new Morris PAC expansion and above its existing loading dock. •Option A) An “L” shaped garage that covers the surface parking lot and spans over the truck access to the loading dock, or •Option B) A simple two-bay parking garage which is constructed directly west of the PAC expansion only. The City is desiring to enhance the parking garage with a housing development that can bring additional vitality to the downtown. The housing development contemplated includes placing units on top of the “L” shaped garage (Option A) or constructing the housing development as a separate building, adjacent to the parking garage (Option B) which will necessitate the housing spanning over the loading dock access. This RFP does not commit the Commission to award a contract or pay costs incurred in preparation of a proposal responding to this request. For questions or clarifications, please contact Joseph Molnar at: jrmolnar@southbendin.gov. PROJECT REQUIREMENTS Adhere to Option A or B for the Housing Development placement; Meet zoning ordinance requirements; Be urban in building design and site layout; Exterior of Housing Development complement the facade of the parking garage for either option Reflect the architectural character of surrounding properties and South Bend’s architectural history; and Feature a variety of housing options (size and price points) AT A GLANCE 0.84 ACRES ADJACENT TO THE MORRIS PERFORMING ARTS CENTER AND LOCATED IN DTSB DEVELOPER REQUIREMENTS Applicants must have experience with urban housing developments that include parking garages, either integrated or adjacent to the housing. Applicants must have a minimum of 10 years of experience in the urban housing development business. Familiarity with the City of South Bend's on-going downtown revitalization, demographics, and overall housing market will be beneficial Applicants must comply with City of South Bend ordinances and all other federal, state, and local laws and regulations. Applicants must agree to hold the South Bend Redevelopment Commission harmless and to indemnify it and the City of South Bend for any damages or costs related to any claim, suit, or demand related to any action occurring as a result of the Applicant’s proposal. The Commission reserves the right to reject proposals submitted by Applicants who are not current on property taxes or utility payments for any properties currently owned, or for any other reason deemed to be in the best interest of City. SUBMISSION REQUIREMENTS All proposals must be submitted using the legal name of the organization with whom a contract would be executed and must be signed by an authorized representative. An electronic copy of the submittal, in a single PDF document, no larger than 20MB, shall be submitted to jrmolnar@ southbendin.gov with subject line of “Bid: Main Street Housing” and include each of the following: COVER LETTER Provide a brief cover letter including an overview of the Applicant’s organization,, address, phone number and email ORGANIZATIONAL INFORMATION Description of team, organizational chart with individuals, key staff, description of roles, and resumes PROPOSAL FOR HOUSING DEVELOPMENT •Outline of development and financial terms (Pro Forma expected later) •Any or all proposed lease payment and terms •Projected overall construction costs •Proposed project schedule •Details regarding unit affordability, including percentage of proposed affordable units •Details regarding incentives developer is requesting •Project exterior renderings and diagrammatic floor plans DESCRIPTION OF THE PROPOSED DEVELOPER & OPERATOR •Identify other firms, their relationship to the developer, and involvement in the project •Description of developer’s in-house capabilities •Number of years in business •Documentation of financial ability to complete the project EXAMPLES OF PRIOR RELEVANT EXPERIENCE •Number of Projects •Number of Units •Total Project Cost •Imagery of Completed Examples EVALUATION CRITERIA PROCESS FOR EVALUATION The staff of the South Bend Redevelopment Commission will review all submittals to determine whether they are complete and responsive to this RFP. Only submittals that are complete, responsive, and meet all requirements of this RFP will be evaluated. Complete and responsive submittals from qualified applicants will be reviewed in detail as they are submitted. If warranted, the Commission reserves the right to request clarification or additional information from individual applicants. If a bid is accepted, the bid will be publicly recommended at a meeting of the South Bend Redevelopment Commission. RESOURCES South Bend Zoning Ordinance TIF Districts River West Development Plan RFP REQUIREMENTS Proposal is complete and meets or exceeds the requirements of this request for proposals. DESIGN The size and character of the proposed development fits the general design principles for the site. Specifically, the building type(s), design, site layout, number of units, materials, and similar considerations will be evaluated. Special attention should be given to connecting the site to Downtown South Bend and the Morris Performing Arts Center. EXPERIENCE Applicant has sufficient experience and a successful track record of projects of similar type, size, and complexity and has a minimum of 10 years of experience in the urban housing development business FINANCIAL RESPONSIBILITY The Applicant demonstrates the ability to finance and complete the Proposal in the time frames stated. SUSTAINABILITY The degree to which sustainability features are incorporated beyond building code requirements. PROPOSED LEASE TERMS Any or all proposed lease payment or terms to the Redevelopment Commission. PROJECT SCOPE Construction of a mixed use building that contains a minimum of (60) units and ground floor retail. Any other factors which will assure the Commission that the proposal will best serve the interest of the community, both from the standpoint of human and economic welfare and public funds expended. MAIN STREET HOUSING RFP TIMELINE RFP Released January 9, 2025 March 27, 2025 Questions Due April 10, 2025 Offering Sheet & Question Responses Provided April 24, 2025 Proposals Due May 8, 2025 Redevelopment Commission Proposal Opening May 15, 2025 - June 12, 2025 Interviews July 10, 2025 Staff Recommendation to Redevelopment Commission MORRIS PERFORMING ARTS CENTER MORRIS PAC ADDITION (CONSTRUCTION START 2024) 115-121 W COLFAX AVE (TO REMAIN) DEVELOPABLE PARCEL W COLFAX AVE W LASALLE AVE N DOCTOR MLK JR BLVDN MAIN STMORRIS PAC DOCK / COLFAX BUSINESS LOADING ACCESS (TO REMAIN) SITE PLAN STRUCTURED PARKING APPROX. 400 CARS RETAIL OPPORTUNITY MORRIS PAC DOCK / COLFAX BUSINESS LOADING ACCESS RETAIL OPPORTUNITY 60-90 RESIDENTIAL UNITS APPROX 26,000 SF / FLOOR DEVELOPMENT POTENTIAL A MORRIS PAC ADDITION STRUCTURED PARKING APPROX. 400 CARS (ROOFTOP AMENITY OPPORTUNITY) 60-90 RESIDENTIAL UNITS APPROX 26,000 SF / FLOOR DEVELOPMENT POTENTIAL A RETAIL OPPORTUNITY 60-90 RESIDENTIAL UNITS APPROX 26,000 SF / FLOOR RETAIL OPPORTUNITYMORRIS PAC DOCK / COLFAX BUSINESS LOADING ACCESS STRUCTURED PARKING APPROX. 400 CARS DEVELOPMENT POTENTIAL A GROUND LEVEL PLAN RETAIL OPPORTUNITY MORRIS PERFORMING ARTS CENTER MORRIS PAC ADDITION 115-121 W COLFAX RETAIL OPPORTUNITY PARKING RESIDENTIAL LOBBY MORRIS PAC DOCK / COLFAX BUSINESS LOADING ACCESS DEVELOPMENT POTENTIAL A PARKING LEVEL PLAN MORRIS PERFORMING ARTS CENTER 115-121 W COLFAX RESIDENTIAL UNITS (APPROX 6/FL) MORRIS PAC ADDITION PARKING DEVELOPMENT POTENTIAL A RESIDENTIAL LEVEL PLAN MORRIS PERFORMING ARTS CENTER 115-121 W COLFAX RESIDENTIAL UNITS (APPROX 28/FL) ROOFTOP AMENITY OPPORTUNITY MORRIS PAC ADDITION DEVELOPMENT POTENTIAL A DEVELOPMENT POTENTIAL A RETAIL OPPORTUNITY STRUCTURED PARKING APPROX. 400 CARS 60-90 RESIDENTIAL UNITS APPROX 14,000 SF/FLOOR RETAIL OPPORTUNITY MORRIS PAC DOCK / COLFAX BUSINESS LOADING ACCESS DEVELOPMENT POTENTIAL B MORRIS PAC ADDITION STRUCTURED PARKING APPROX. 400 CARS 60-90 RESIDENTIAL UNITS APPROX 26,000 SF / FLOOR DEVELOPMENT POTENTIAL B RETAIL OPPORTUNITY RETAIL OPPORTUNITY STRUCTURED PARKING APPROX. 400 CARS 60-90 RESIDENTIAL UNITS APPROX 26,000 SF / FLOOR MORRIS PAC DOCK / COLFAX BUSINESS LOADING ACCESS DEVELOPMENT POTENTIAL B GROUND LEVEL PLAN MORRIS PERFORMING ARTS CENTER MORRIS PAC ADDITION 115-121 W COLFAX RETAIL OPPORTUNITY PARKING RESIDENTIAL LOBBY RETAIL OPPORTUNITY MORRIS PAC DOCK / COLFAX BUSINESS LOADING ACCESS DEVELOPMENT POTENTIAL B RESIDENTIAL LEVEL PLAN MORRIS PERFORMING ARTS CENTER 115-121 W COLFAX RESIDENTIAL UNITS (APPROX 14/FL) MORRIS PAC ADDITIONPARKING DEVELOPMENT POTENTIAL B DEVELOPMENT POTENTIAL B South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 1.6.24 FROM: Joseph Molnar, Assistant Director of Growth & Opportunity SUBJECT: Budget Request for RDC Property Improvements 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: Budget Request to provide funds for improvement of RDC owned properties SPECIFICS: The RDC is the owner of several buildings which have active leases. Those buildings include the Leighton Building and Union Station downtown, as well as the Main/Wayne Parking Garage and Portage Elwood Shopping Center. The requested budget of $100k would be to provide improvements to those buildings over the course of 2025 to ensure the leased spaces are safe and secure. These funds are needed for the RDC to meet its obligations as a lessor in those agreements as well as enhancing local public improvements. All funds would be expended in RDC-owned buildings with active tenants. Staff recommend approval of the budget request. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 1/7/2025 FROM: Sarah Schaefer, Deputy Director, Community Investment SUBJECT: 2025 Fund Appropriation for Affordable HomeMatters Lincoln Park 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: Appropriation of $1.25 million in funding for the second year of the EDC statute forgivable loan to build new housing in Lincoln Park. SPECIFICS: Intend Indiana, through its Affordable HomeMatters Lincoln Park project, is building 92 new homes in South Bend’s Lincoln Park neighborhood. The City is funding a portion of the construction costs through a $5 million EDC statute forgivable loan financed by TIF revenues. Per Section 2.2B of the Funding and Reimbursement Agreement between the City and the Redevelopment Commission, approved in June 2024, the Commission will consider annual appropriations of not more than $1.25 million for a five-year period to reimburse the City for draws on the loan to finance a portion of construction costs for the project. The City is requesting appropriation of the next $1.25 million to fund the second-year loan draw. Intend began construction on 5 homes in 2024 and plans to build a minimum of 10 additional houses in 2025. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 1/7/2025 FROM: Sarah Schaefer, Deputy Director, Community Investment SUBJECT: 2025 Appropriation for 466 Works loan 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: Appropriation of $1,160,000 million in funding for the second year of the EDC statute forgivable loan to 466 Works to build new housing on the south side. SPECIFICS: 466 Works is building 30 homes on the south side. The City is funding a portion of the construction costs through a $3.5 million EDC statute forgivable loan financed by TIF revenues. Per Section 2.2B of the Funding and Reimbursement Agreement between the City and the Redevelopment Commission, approved in June 2024, the Commission will consider annual appropriations to reimburse the City for draws on the loan to finance a portion of construction costs for the project. The annual appropriations will not exceed $116,000 per house expected to be built in the ensuing year and will not exceed $3,500,000 total over three years. In 2024, 466 Works began construction on the first 5 homes. The City is requesting appropriation of $1.16 million for construction of an additional 10 homes in 2025. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION