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South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />DAT E : 1.6.24 <br />FROM: Joseph Molnar, Assistant Director of <br />Growth & Opportunity <br />SUBJECT: Budget Request for RDC Property Improvements <br />Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. <br />* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the <br />authorization of the expenditure of such funds shall be void and of no effect. <br />PURPOSE OF REQUEST: Budget Request to provide funds for improvement of RDC owned properties <br />SPECIFICS: The RDC is the owner of several buildings which have active leases. Those buildings include the <br />Leighton Building and Union Station downtown, as well as the Main/Wayne Parking Garage and Portage Elwood <br />Shopping Center. The requested budget of $100k would be to provide improvements to those buildings over the <br />course of 2025 to ensure the leased spaces are safe and secure. These funds are needed for the RDC to meet its <br />obligations as a lessor in those agreements as well as enhancing local public improvements. All funds would be <br />expended in RDC-owned buildings with active tenants. <br />Staff recommend approval of the budget request. <br />____________ <br />_________________________Pres/V-Pres <br />ATTEST: __________________Vice President <br />Date: __ ______ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />January 9, 2025 <br />