HomeMy WebLinkAbout6A7 Budget Request (Improvements to RDC Owned Properties) - SignedSouth Bend Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Redevelopment Commission Agenda Item
DAT E : 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: __________________Vice President
Date: __ ______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
January 9, 2025