HomeMy WebLinkAboutRedevelopment Commission Agenda & Packet 02.27.25
South Bend Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Agenda
Regular Meeting, February 27, 2025 – 9:30 a.m.
BPW Conference Room 13th Floor or https://tinyurl.com/RDC-2025-4T
1. Roll Call
2. Appointment of Commissioners
A. Ophelia Gooden-Rodgers – Council Appointee
B. Eli Wax – Mayoral Appointee
3. Approval of Minutes
A. Minutes of the Regular Meeting of February 13, 2025
4. Approval of Claims
A. Claims Allowance February 11, 2025
B. Claims Allowance February 18, 2025
5. Old Business
A. None
6. New Business
A. River West Development Area
1. Public Hearing Regarding Further Amendment of River West Development
Area for the Purpose of Establishing a New Allocation Area (Riverwalk
Allocation Area)
2. Confirming Resolution No. 3629 (Riverwalk Allocation Area)
3. Resolution No. 3630 Pledging Tax Increment (J.C. Hart)
B. Administrative
1. Resolution No. 3628 (Revised 2025 RDC Meeting Schedule)
2. Update on YMCA Demolition
7. Progress Reports
A. Tax Abatement
B. Common Council
C. Other
8. Next Commission Meeting
Thursday, March 13, 2025, 9:30 a.m. BPW Conference Room 13th Floor
CITY OF SOUTH BEND
REDEVELOPMENT COMMISSION
SOUTH BEND REDEVELOPMENT COMMISSION MINUTES
February 13, 2025, at 9:30 a.m.
BPW Conference Room, 13th Floor, County-City Building
https://tinyurl.com/RDC-2025-2T
The South Bend Redevelopment Commission was called to order at 9:31 a.m.
President Troy Warner presiding.
1. ROLL CALL
Members Present: Troy Warner, President
David Relos, Vice President
Eli Wax, Commissioner
Vivian Sallie, Secretary, tendered her resignation letter, and the Commission
thanked her for her service.
Members Absent: Gillian Shaw, Commissioner
Legal Staff: Sandra Kennedy, Corporation Council - Virtual
Danielle Campbell Weiss, Asst. City Attorney
Redevelopment Staff: Caleb Bauer, Exec. Director, DCI
Sarah Schaefer, Deputy Director, DCI
Tim Corcoran, Chief Planner, DCI
Erik Glavich, Director of Growth and Opportunity, DCI -
Virtual
Rosa Tomas, Director of Finance, DCI
Joseph Molnar, Asst. Dir. of Growth and Opp., DCI
Erin Michaels, Property Development Manager, DCI -
Virtual
Alexia Velazquez, Local Government Manager for FEC
Laura Hensley, Board Secretary, DCI
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – February 13, 2025
2
Others Present: Leslie Biek, Assistant City Engineer
Charlotte Brach, Senior Engineer
Frank Niemiec, 1250 E. Farrington Circle
Greg Swiercz, SB Tribune
Kathy Schuth, Near Northwest Neighborhood
Rachel Tomas Morgan, Councilwoman
Matt Barrett, 110 S. Niles Ave.
2. Approval of Minutes
A. Approval of Minutes of the Regular Meeting of Thursday, January 23,
2025
Upon a motion by David Relos for approval, second by Eli Wax, the
motion carried unanimously; the Commission approved the minutes of the
regular meeting of Thursday, January 23, 2025.
3. Approval of Claims
A. Claims Allowances January 21, 2025
Upon a motion by David Relos for approval, second by Eli Wax, the
motion carried unanimously; the Commission approved the claims
allowances of January 21, 2025.
B. Claims Allowances January 28, 2025
Upon a motion by David Relos for approval, second by Eli Wax, the
motion carried unanimously; the Commission approved the claims
allowances of January 28, 2025.
4. Old Business
A. None
5. New Business
A. Redevelopment General Fund (a.k.a Pokagon Fund)
1. Budget Request (NNN)
Sarah Schaefer, Deputy Director of Community Investment, presented
a budget request for $65,000 for affordable, urban infill housing. Ms.
Schaefer gave some background on the project, there was an RFP
from a couple years ago called the Sherman Harrison infill
development RFP, in the Near Northwest Neighborhood Inc. for four
(4) new affordable housing units. A duplex & ADU in the amount of
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – February 13, 2025
3
$370,000, and a single-family home in the amount of $130,000. Ms.
Schaefer stated that the goals are to revitalize the urban
neighborhoods, help stabilize the market and attract new developers to
these neighborhoods. She explained that, the construction bids came
in higher than expected and the total cost is estimated at $1.14 million
which leaves a funding gap of $65,000.
Ms. Kathy Schuth is the Executive Director of the NNN at a non-profit
community development corporation on the near northwest side of
South Bend with a mission to revitalize and stabilize their
neighborhood. Ms. Schuth has been working directly with contractors
and trying to recruit them since this has been out for bids three (3)
times. She explained that the duplex is under construction. However,
the single-family home funds are lagging, and funds have been added
from the Federal Home Loan Bank of Indianapolis but still looking for
ways to fill the gap. Commissioner Wax asked if the $65,000 will fund
the entire project and Ms. Schuth stated yes. Vice President Relos
asked if they plan to sell the home and Ms. Schuth stated that they will
maintain and manage the property as three (3) rental units. President
Warner stated that our portion would be approximately 5%. Matt
Barrett asked about the selling price and Ms. Schuth explained the
$426,000 includes both hard and soft costs for the development cost of
all acquisitions, but the home will sell to the family at a market rate and
right now on that block in that neighborhood is roughly $180,000.
Upon a motion by David Relos for approval, seconded by Troy Warner,
the motion carried unanimously; the Commission approved the Budget
Request as presented on February 13, 2025.
B. River East Development Area
1. Budget Request (Mishawaka Streetscape Design)
Leslie Biek, Assistant City Engineer, presented a budget request for
$500,000 of additional funds for construction of a streetscape project
from Longfellow/Byres to Emerson which includes lanes reductions,
separated shared-use path on the South side of street, water main
replacement, storm sewer installation, streetscape elements such as
lighting, benches, bike hitches and trees. Tim Corcoran, Chief Planner
for Community Investment, stated that after speaking with residents in
the community this intersection is busy with pedestrian traffic and
needs safety elements put in place.
Vice President Relos asked about the medians and the left turn lanes
and Mr. Corcoran explained that the medians will be installed to take
up the lane space and the left turns will still be accessible.
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – February 13, 2025
4
Commissioner Wax asked if the medians would cause too many traffic
backups and Mr. Corcoran stated that the volume of traffic in this
section would flow smoothly and the medians are designed for traffic
calming. Vice President Relos asked about the left turn lanes heading
East and Mr. Corcoran stated that there will be space in the center for
vehicles to safely wait to turn. Joseph Molnar, Assistant Director of
Growth and Opportunity, stated that this is much needed in this busy
area with the farmers market and local businesses and is in favor of
this project.
Rachel Tomas Morgan, Councilwoman agrees that traffic calming
efforts are needed in this area. President Warner explained that two (2)
years ago he attended a planning meeting which forty (40) residents
and neighboring businesses and expressed the need to slow the traffic
down in this walkable market district and thanked staff for their work.
Vice President Relos is also in favor of the project. Commissioner Wax
expressed concerns and feels that it could be done in a way that is
most efficient to minimize disruption to the remaining two lanes of
traffic and not make it too difficult to navigate from one part of the city
to the next and still make it safe. Willow Weatherall is also in favor of
the project. Frank Niemiec asked about this interfering with a city
trolley/rail project and Caleb Bauer, Executive Director of Community
Investment stated that the Administration does not support this idea
and believes it is extremely cost prohibitive at this time.
Upon a motion by David Relos for approval, seconded by Troy Warner,
the motion carried unanimously; the Commission approved the Budget
Request as presented on February 13, 2025.
2. Budget Request (Potawatomi Park, Phase I)
Tim Corcoran, Chief Planner for Community Investment, presented a
budget request for $4.5 million to add pedestrian safety elements,
traffic calming and additional parking on both Greenlawn Ave. and Wall
St. to accommodate the increasing popularity of the Potawatomi Park
and Zoo as well as demolition of the pool. Mr. Corcoran stated that we
would be adding two (2) raised crossings that line up with the
sidewalks on Southwood and Hoover Ave. for a better experience for
people crossing the street. There will also be the installation of a
neighborhood traffic circle on Wall St. so that drivers can find parking
without turning around in driveways. This will include stop controls,
mountable curbs for buses and allows for vehicular circulation. Mr.
Corcoran stated that on Wall St., there will be traffic calming measures
which include two (2) crosswalks and 1-2 raised intersections as well
as 90-degree parking on the South side. There will also be a
pedestrian crossing on Ironwood Dr. at Wall St. with a central
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – February 13, 2025
5
pedestrian island, flashing sign, and bump outs added to the North
side of Wall St. for safer crossing from the River Park neighborhood.
Commissioner Wax asked why the neighborhood circle is not a full
traffic circle. Mr. Corcoran stated that this has been discussed, and
residents have concerns about people and students going around the
circle too fast so this might be a solution for that, however, we are still
in the concept phase. Mr. Corcoran also clarified that the pedestrian
crossing on Ironwood is not a stop but yellow flashing lights and will be
push button activated and help with the lane shift and street alignment
issue. Rachel Tomas Morgan, Councilwoman asked if there is
consideration for bike lanes/multi-use paths in this plan. Mr. Corcoran
stated that there is a widened sidewalk connecting Ironwood to
Greenlawn on the South side as well as on Greenlawn. Willow
Weatherall stated that there is a disjointed sidewalk on the East side of
Wall St. and on the Southwest corner of the park that is not connected
to the zoo trail system and has a grassy hill that she hopes will be
addressed.
Upon a motion by David Relos for approval, seconded by Eli Wax, the
motion carried unanimously; the Commission approved the Budget
Request as presented on February 13, 2025.
C. West Washington Development Area
1. Budget Request (MLK Dream Center Financial Empowerment Center)
Sarah Schaefer, Deputy Director of Community Investment, presented
a budget request for $40,000 for the buildout space for the Financial
Empowerment Center office at the new Martin Luther King Jr. Dream
Center opening in April. Ms. Schaefer explained that this center will
provide free one-on-one financial counseling for South Bend residents.
The services provided will focus on increasing savings, improving
credit, reducing debt, and safe banking by using professionally trained
counselors. Ms. Schaefer stated that there will be three (3) staff
members, one program manager and two counselors that will need
private space for sessions and the goal is to reach 480 residents per
counselor, per year. She also explained they are expecting the hours
to be 9 a.m. to 5 p.m. Monday, Wednesday and Friday and Tuesday,
Thursdays, 8 a.m. to 8 p.m. as well as considering doing some
additional hours on Saturdays during the Linden Ave. Farmers Market,
which will also be at the Dream Center. The request is for adjustments
to the current layout and furniture.
Alexia Velazquez, Local Government Manager for FEC, stated that this
is the first program of its kind in the state of Indiana and her team
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – February 13, 2025
6
along with Kathy Schuth, with the Near Northwest Neighborhood non-
profit group will partner together and are very excited to get started.
Ms. Velazquez explained they are being mentored by a group in
Maryland, as well as a peer group from California, Colorado, New
York, and Florida. Commissioner Wax asked if they could collect data
regarding the success of the program and keep the Commission
updated. Ms. Velazquez explained that they are using the Salesforce
system to manage progress and track goals.
Upon a motion by Eli Wax for approval, seconded by David Relos, the
motion carried unanimously; the Commission approved the Budget
Request as presented on February 13, 2025.
D. River West Development Area
1. Purchase Agreement (State Theater)
Caleb Bauer, Executive Director of Community Investment, presented
the purchase agreement for two (2) parcels located at 212 and 216 S.
Michigan St. for $800,000 zoned for DT-Downtown and is a .37-acre
site with 16,995 square feet of space. Mr. Bauer explained that this
property has been vacant and in litigation since March of 2023 and a
judgment has been made with a court-ordered sheriff’s sale on
December 4th. Mr. Bauer stated that the State Theater is a historic
building constructed in 1919 and is listed on the National Register of
Historic Places. Mr. Bauer explained that it’s not the City’s intention to
renovate the property but to stabilize the building and ensure that it’s
weather tight to buy time to work with the community for a better future
for the building. He also explained that the City does have an
easement on the façade of the building that carries maintenance
requirements and if someone doesn’t step in soon, the building may be
at a point of demolition. President Warner asked if we know what the
stabilization will cost and if there are other partners lined up for the
renovation. Mr. Bauer explained we do not have a specific number
today, however, following the due diligence process with the purchase
agreement and we would not move forward towards closing if it wasn’t
viable and we have had conversations and interest with organizations
to preserve the theater.
Commissioner Wax asked how the price was determined and Mr.
Bauer stated that it was negotiated with the lender and was less than
the average of two (2) appraisals and we could update the
Commissioners regarding the cost estimates prior to closing. Vice
President Relos stated that it’s a building worth saving and necessary
for the RDC to step in to save it. Frank Niemiec expressed concerns
about the project. Willow Weatherall, Executive Director of Downtown
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – February 13, 2025
7
South Bend is in favor of the agreement and feels it’s a special place in
the hearts and minds of the community.
Upon a motion by Eli Wax for approval, seconded by David Relos, the
motion carried unanimously; the Commission approved the Purchase
Agreement as presented on February 13, 2025.
2. Development Agreement (Grand Leader)
Joseph Molnar, Assistant Director of Growth and Opportunity,
presented a development agreement for an amount not to exceed
$900,000 at 225-229 S. Michigan St. (former Center City Place). Mr.
Molnar explained that the agreement specifies that the developer will
take possession no later than July 31, 2025, invest no less than $5.1
million into the property, complete the project by the end of 2028, and
commits to rehabbing the ground floor for commercial use, floors 2-3
for hotel or office use, and confirms issuance of a certificate of
occupancy for all three floors. He stated that the funding amount will be
used to replace the roof, restoration of the historic façade including
new windows, and reconnecting utilities.
Vice President Relos asked if we know what is behind the current
1960’s façade and Christina Miller, the Developer, stated that
architects, structural engineers and masonry experts have evaluated
the building and what they found is the original stonework still exists
and is intact and is hopeful that any damaged stonework could be
matched to preserve the historic look of the original building. Mr.
Molnar also pointed out that there was a scriber’s error on the original
agreement but that has been fixed on the version that would be
approved today. Commissioner Wax asked if the RDC is contributing
prior to the purchase and Ms. Miller stated no, they are currently doing
asbestos remediation and have paid for that themselves. She also
mentioned that the utilities would need to be moved from the vault and
the sewer and water lines would need to re-connected. The building
also has a significant amount of water damage from the roof. Ms. Miller
also owns the Dainty Maid Co. and is happy that the two buildings will
connect.
Upon a motion by David Relos for approval, seconded by Eli Wax, the
motion carried unanimously; the Commission approved the
Development Agreement as presented on February 13, 2025.
3. Budget Request (Riverfront West Engineering Services)
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – February 13, 2025
8
Charlotte Brach, Senior Engineer, presented a budget request for
$665,000 for full engineering design and bid documents for the JC Hart
development and will also include completing the primary plat for the
Major Subdivision to establish the new right-of-way for the street
network, secondary plat, relocation of utilities, sidewalks, lighting and
trees. Caleb Bauer explained that a READI 2.0 grant award has been
announced, and the City is working through negotiations with EDC and
once we have a signed contract the RDC could be reimbursed for this
request. Commissioner Wax asked if it’s guaranteed, and Mr. Bauer
stated that he’s fairly confident we will receive the award.
Upon a motion by David Relos for approval, seconded by Eli Wax, the
motion carried unanimously; the Commission approved the Budget
Request as presented on February 13, 2025.
6. Progress Reports
A. Tax Abatement
B. Common Council
C. Other (Election of Secretary)
President Troy Warner nominated Eli Wax as Commission Secretary and
Mr. Wax accepted.
Upon a motion by David Relos for approval, seconded by Troy Warner,
the motion carried unanimously; the Commission to accept the nomination
of Eli Wax as Secretary of the RDC on February 13, 2025.
7. Next Commission Meeting
Thursday, February 27, 2025, 9:30 a.m. BPW Conference Room 13th Floor
8. Adjournment
Thursday, February 13, 2025, 11:02 a.m.
______________________________ ______________________________
Eli Wax, 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, February 11, 2025
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-0099549 $47,001.55
GBLN-0100262 $771,881.98
GBLN-0000000 $0.00
Total:$818,883.53
_______________________________
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:
ance
d claims and
Expenditure approval
RDC Payments-2/4/25 Pymt Run
GBLN-0099549
Payment method:
Voucher:
Payment date:
Vendor#
V-00000472
Payment method:
Voucher:
Payment date:
Vendor#
V-00001411
Payment method:
Voucher:
Payment date:
Vendor#
V-00001886
Payment method:
Voucher:
Payment date:
Vendor#
V-00012256
CHK-Total
RDCP-00035415
2/4/2025
Name
DLZ IN DIANA
LLC
CHK-Total
RDCP-00035416
2/4/2025
Name
RIETH RILEY
CONSTRUCTIO
N
CHK-Total
RDCP-00035417
2/4/2025
Name
A&Z
ENGINEERING
LLC
ACH-Total
RDCP-00035418
2/4/2025
Invoice#
3246
Invoice#
APP #3
Invoice#
251824
Name Invoice #
Urban Design
Associates, Ltd 122446
Line description Due date Invoice amount Financial dimensions
429-10-102-121-431002--
Angela Blvd Roadway Modification - Design 11/24/2024 $690.00 PROJ00000371
Line description Due date
Seitz Park -Gintz Dr and Parking lot bid 2/9/2025
Line description Due date
Design Lincoln Way E. & Miami Intersection Improvements 2/8/2025
Line description Due date
Downtown Master Plan -Economic development consultant 2/8/2025
Invoice amount Financial dimensions
$31,563.75
429-10-102-121-444000-
PROJ00000079
Invoice amount Financial dimensions
$9,021.78
324-10-102-121-431002-
PROJ00000552
Invoice amount Financial dimensions
324-10-102-121-431000--
$4,794.75 PROJ00000531
Purchase order
PO-0019975
Purchase order
PO-0033906
Purchase order
PO-0034605
Purchase order
PO-0030142
Payment method:
Voucher:
Payment date:
Vendor#
V-00013560
CHK-Total
RDCP-00035419
2/4/2025
Name Invoice #
CVR Associates,
Inc 9
Line description
PSA Asset Repositioning Services - HUD Choice
Neighborhood
Due date
2/13/2025
Invoice amount Financial dimensions
324-10-102-121-431000--
$931.27 PROJ00000440
Purchase order
PO-0030570
Expenditure approval
RDC Payments-2/11/25 Pymt Run
GBLN-0100262
Payment method:
Voucher:
Payment date:
Vendor#
V-00000107
V-00000107
V-00000107
Payment method:
Voucher:
Payment date:
Vendor#
V-00000280
Payment method:
Voucher:
Payment date:
Vendor#
V-00000526
V-00000526
Payment method:
CHK-Total
RDCP-00035615
2/11/2025
Name
AMERICAN
STRUCTUREPOI
NT INC
AMERICAN
STRUCTUREPOI
NT INC
AMERICAN
STRUCTUREPOI
NT INC
CHK-Total
RDCP-00035616
2/11/2025
Name
C&E
EXCAVATING
INC
ACH-Total
RDCP-00035617
2/11/2025
Name
ENFOCUS INC
ENFOCUS INC
CHK-Total
Invoice#
185316
184414
185421
Invoice#
48197
Invoice#
1201805439
1201805439
Line description
Beacon District Project -SBMF Demo PSA -Amend #2
(design services)
Market District Preliminary Engineering
Market District Preliminary Engineering
Line description
South Well Field Water Main Extension
Line description
Commuters Trust - EnFocus Fellow
Commuters Trust - MISC Costs (legal fees, supplies, etc.)
Due date
2/15/2025
1/19/2025
2/19/2025
Due date
9/14/2024
Due date
2/19/2025
2/19/2025
Invoice amount Financial dimensions
324-10-102-121-439018--
$7,285.00 PROJ00000528
324-10-102-121-431002--
$32,777.70 PROJ00000526
324-10-102-121-431002--
$19,030.30 PROJ00000526
Invoice amount Financial dimensions
$77,916.06
430-10-102-121-444000-
PROJ00000082
Invoice amount Financial dimensions
433-10-102-123-439300--
$14,986.43
$2,576.88
PROJ00000383
433-10-102-123-439300-
PROJ00000383
Purchase order
PO-0029313
PO-0029308
PO-0029308
Purchase order
PO-0027554
Purchase order
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, February 18, 2025
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-0100786 $936,015.30
GBLN-0101029 $199,000.00
GBLN-0000000 $0.00
Total:$1,135,015.30
_______________________________
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:
ance
d claims and
Expenditure approval
RDC Payments-2/18/25 Pymt Run
GBLN-0100786
Payment method:
Voucher:
Payment date:
Vendor#
V-00000019
V-00000019
Payment method:
Voucher:
Payment date:
Vendor#
V-00000472
Payment method:
Voucher:
Payment date:
Vendor#
V-00000698
V-00000698
Payment method:
ACH-Total
RDCP-00035815
2/18/2025
Name
ABONMARCHE
CONSULTANTS
OF IN
ABONMARCHE
CONSULTANTS
OF IN
CHK-Total
RDCP-00035816
2/18/2025
Name
DLZ IN DIANA
LLC
CHK-Total
RDCP-00035817
2/18/2025
Name
GREEN
DEMOLITION
CONTRACTORS
INC
GREEN
DEMOLITION
CONTRACTORS
INC
CHK-Total
Invoice#
156387
156387
Invoice#
64068
Invoice#
APP #4
APP #4
Due date
2/28/2025
Line description
Property Bros Development Project - 614 Sherman - 3 Slab
Survey
Property Bros Development Project - Sherman Avenue TIF
Survey
2/28/2025
Line description Due date
Byer's Softball Complex 2024 Renovation -Design Services 2/28/2025
Line description Due date
Drewry's Cleanup Phase II 2/26/2025
Drewry's Cleanup Phase II 2/26/2025
Invoice amount Financial dimensions
324-10-102-121-431000--
$1,600.00 PROJ00000491
324-10-102-121-431000--
$2,250.00 PROJ00000491
Invoice amount Financial dimensions
324-10-102-121-431000--
$10,712.50 PROJ00000498
Invoice amount Financial dimensions
324-10-102-121-439018--
$15,000.00 PROJ00000023
324-10-102-121-439018--
$46,820.00 PROJ00000023
Purchase order
PO-0031353
PO-0034554
Purchase order
PO-0029730
Purchase order
PO-0033256
PO-0033256
V-00013479
V-00013479
V-00013479
V-00013479
Payment method:
Voucher:
Payment date:
Vendor#
V-00013560
Payment method:
Voucher:
Payment date:
Vendor#
V-00015444
Payment method:
Voucher:
Payment date:
Vendor#
V-00015464
Borkholder
Buildings &
Supply LLC
Borkholder
Buildings &
Supply LLC
Borkholder
Buildings &
Supply LLC
Borkholder
Buildings &
Supply LLC
CHK-Total
RDCP-00035822
2/18/2025
2501612796
2501613925
2501612714
2501612714
Name Invoice #
CVR Associates,
Inc
CHK-Total
RDCP-00035823
2/18/2025
Name
Briana Long
CHK-Total
RDCP-00035824
2/18/2025
SB09REV
Invoice#
1232025
Name Invoice #
AMF Holdings,
LLC 2102025
Sherman Ave Porch Framing 2/6/2025
Sherman Ave Porch Framing 2/23/2025
Sherman Ave Porch Framing 2/5/2025
Sherman Ave Framing Purchase 2/5/2025
Line description Due date
PSA Asset Repositioning Services - HUD Choice Neighborhood 2/13/2025
Line description Due date
Option to Purchase Agreement -4124 Old Cleveland Rd. 2/18/2025
Line description Due date
Purchase State Theater -Earnest Money 2/18/2025
324-10-102-121-431000--
$4,875.78 PROJ00000491
324-10-102-121-431000--
$752.80 PROJ00000491
324-10-102-121-431000--
$1,707.42 PROJ00000491
324-10-102-121-431000--
$814.72 PROJ00000491
Invoice amount Financial dimensions
$3,152.50 324-10-102-121-431000-- PO-0030570
PROJ00000440
Invoice amount Financial dimensions
$25,000.00 324-10-102-121-439000--
Invoice amount Financial dimensions
$24,000.00 324-10-102-121-443000--
PO-0034706
PO-0034706
PO-0034706
PO-0034706
Purchase order
Purchase order
PO-0036427
Purchase order
PO-0036528
South Bend Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : 2/25/25
FROM: Erik Glavich, Director, Growth & Opportunity
SUBJECT: Public Hearing
Resolution No. 3629 (Confirming Resolution)
Resolution No. 3630 (J.C. Hart TIF Pledge)
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: Public hearing and resolution to confirm the establishment of the Riverwalk Allocation
Area; Resolution to pledge TIF revenues for the Riverwalk project
SPECIFICS: The Commission will consider 2 resolutions that, if adopted, would finalize the establishment of the
Riverwalk Allocation and pledge TIF revenues from the new allocation area in support of the transformative
Riverwalk project. The project will consist of 2 new multi-family residential buildings (approximately 291 total
apartments) and a parking garage with approximately 398 spaces. The City is considering the issuance of Taxable
Economic Development Tax Increment Revenue Bonds, Series 2025, and a portion of the net proceeds of such
bonds would be used for the purpose of financing a portion of the costs of the project. The bonds would be
purchased by J.C. Hart Company, Inc. (the “Developer”).
Resolution No. 3629, if adopted, would confirm the Commission’s Declaratory Resolution No. 3627, adopted on
1/9/25, which would amend the River West Development Area and would create the new Riverwalk Allocation
Area. The amendment to the River West Development Area and the creation of the new Riverwalk Allocation
Area were also approved by the South Bend Plan Commission on 1/21/25 and the Common Council on 2/10/25.
Prior to consideration of Resolution No. 3629, the Commission will hold a public hearing.
Resolution No. 3630, if adopted, would pledge TIF revenues from the Riverwalk Allocation Area to the Developer
in support of the project. The Commission entered into a Development Agreement with the Developer on
1/9/25, which established that the support provided by the Commission to the Developer will be in the form of
Pledged TIF Revenue. This Pledged TIF Revenue—90% of the TIF revenue over the life of the bond, if issued—
would be used by the Developer to pay the principal and interest on the bonds. Moreover, this resolution would
pledge additional 6% of TIF revenues until such additional revenue equals $1.342 million. As stated in
Declaratory Resolution No. 3627, the full development of the Riverwalk Allocation Area with the improvements
discussed above would not proceed as planned without the contribution of tax increment revenues to be
derived from the Riverwalk Allocation Area to the Riverwalk project.
_________________________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 : 2/25/25
FROM: Erik Glavich, Director, Growth & Opportunity
SUBJECT: Public Hearing
Resolution No. 3629 (Confirming Resolution)
Resolution No. 3630 (J.C. Hart TIF Pledge)
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: Public hearing and resolution to confirm the establishment of the Riverwalk Allocation
Area; Resolution to pledge TIF revenues for the Riverwalk project
SPECIFICS: The Commission will consider 2 resolutions that, if adopted, would finalize the establishment of the
Riverwalk Allocation and pledge TIF revenues from the new allocation area in support of the transformative
Riverwalk project. The project will consist of 2 new multi-family residential buildings (approximately 291 total
apartments) and a parking garage with approximately 398 spaces. The City is considering the issuance of Taxable
Economic Development Tax Increment Revenue Bonds, Series 2025, and a portion of the net proceeds of such
bonds would be used for the purpose of financing a portion of the costs of the project. The bonds would be
purchased by J.C. Hart Company, Inc. (the “Developer”).
Resolution No. 3629, if adopted, would confirm the Commission’s Declaratory Resolution No. 3627, adopted on
1/9/25, which would amend the River West Development Area and would create the new Riverwalk Allocation
Area. The amendment to the River West Development Area and the creation of the new Riverwalk Allocation
Area were also approved by the South Bend Plan Commission on 1/21/25 and the Common Council on 2/10/25.
Prior to consideration of Resolution No. 3629, the Commission will hold a public hearing.
Resolution No. 3630, if adopted, would pledge TIF revenues from the Riverwalk Allocation Area to the Developer
in support of the project. The Commission entered into a Development Agreement with the Developer on
1/9/25, which established that the support provided by the Commission to the Developer will be in the form of
Pledged TIF Revenue. This Pledged TIF Revenue—90% of the TIF revenue over the life of the bond, if issued—
would be used by the Developer to pay the principal and interest on the bonds. Moreover, this resolution would
pledge additional 6% of TIF revenues until such additional revenue equals $1.342 million. As stated in
Declaratory Resolution No. 3627, the full development of the Riverwalk Allocation Area with the improvements
discussed above would not proceed as planned without the contribution of tax increment revenues to be
derived from the Riverwalk Allocation Area to the Riverwalk project.
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
RESOLUTION NO. 3629
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
CONFIRMING A DECLARATORY RESOLUTION 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
“Redevelopment District”), exists and operates under the provisions of 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 Area (the “Original Plan”); and
WHEREAS, the Commission on January 9, 2025, approved and adopted its Resolution No.
3627 entitled “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”
(the “Amending Declaratory Resolution”), a copy of which is attached hereto as Exhibit A; and
WHEREAS, the Amending Declaratory Resolution approved amendments to the
Declaratory Resolution previously adopted by the Commission and the Original Plan previously
approved by the Commission for the purpose of designating an area, presently part of the
Allocation Area and described at Exhibit A to the Amending Declaratory Resolution, 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 adopting a supplement to the Original Plan attached as
Exhibit B to the Amending Declaratory Resolution; and
WHEREAS, the South Bend Plan Commission, on January 21, 2025, approved and
adopted its resolution (the “Plan Commission Order”) determining that the Amending Declaratory
Resolution and the Original Plan, as amended by the Amending Declaratory Resolution (as
amended, the “Plan”), conform to the plan of development for the City and approved the Amending
Declaratory Resolution and the Plan; and
WHEREAS, pursuant to Section 16 of the Act, the Common Council of the City (the
“Common Council”), on February 10, 2025, adopted Resolution No. 5118-25 which approved the
Amending Declaratory Resolution, the Plan and the Plan Commission Order; and
WHEREAS, the Commission has received the written orders of approval as required by
Section 17(a) of the Act; and
2
WHEREAS, the Commission caused to be published and delivered the notices required by
Section 17 and 17.5 of the Act, concerning the Amending Declaratory Resolution and the Plan;
and
WHEREAS, at the hearing (the “Public Hearing”) held by the Commission on February
27, 2025 Commission heard all persons interested in the proceedings and received ____ written
remonstrances that had been filed and considered those written remonstrances that were filed, if
any, and all evidence presented; and
WHEREAS, the Commission now desires to take final action determining the public utility
and benefit of the Plan, as amended, and the proposed development activities for the Riverwalk
Allocation Area, approving the Plan, and confirming the Amending Declaratory Resolution, in
accordance with Section 17 and Section 17.5 of the Act;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission, as follows:
1. After considering the evidence presented at the Public Hearing, the Commission
hereby confirms the findings and determinations, designations and approving and adopting actions
contained in the Amending Declaratory Resolution.
2. After considering the evidence presented at the Public Hearing, the Commission
hereby finds and determines that it will be of public utility and benefit to proceed with the proposed
activities set forth in the Plan, as amended, and the Plan, as amended, is hereby approved in all
respects.
3. The Amending Declaratory Resolution is hereby confirmed.
4. This Resolution constitutes final action, pursuant to Section 17(d) of the Act, by
the Commission determining the public utility and benefit of the Plan, as amended, and the
proposed activities and confirming the Amending Declaratory Resolution pertaining to the Area.
5. The Secretary of the Commission is directed to record and file the final action taken
by the Commission pursuant to the requirements of Section 17(d) of the Act.
6. This resolution shall take effect immediately upon its adoption by the Commission.
3
ADOPTED AND APPROVED at a meeting of the South Bend Redevelopment
Commission held on the 27th day of February, 2025.
SOUTH BEND REDEVELOPMENT
COMMISSION
Troy Warner, President
ATTEST:
Eli Wax, Secretary
EXHIBIT A
AMENDING DECLARATORY RESOLUTION NO. 3627
(See attached)
DMS 46302859
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:
Vice President
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 : 2/25/25
FROM: Erik Glavich, Director, Growth & Opportunity
SUBJECT: Public Hearing
Resolution No. 3629 (Confirming Resolution)
Resolution No. 3630 (J.C. Hart TIF Pledge)
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: Public hearing and resolution to confirm the establishment of the Riverwalk Allocation
Area; Resolution to pledge TIF revenues for the Riverwalk project
SPECIFICS: The Commission will consider 2 resolutions that, if adopted, would finalize the establishment of the
Riverwalk Allocation and pledge TIF revenues from the new allocation area in support of the transformative
Riverwalk project. The project will consist of 2 new multi-family residential buildings (approximately 291 total
apartments) and a parking garage with approximately 398 spaces. The City is considering the issuance of Taxable
Economic Development Tax Increment Revenue Bonds, Series 2025, and a portion of the net proceeds of such
bonds would be used for the purpose of financing a portion of the costs of the project. The bonds would be
purchased by J.C. Hart Company, Inc. (the “Developer”).
Resolution No. 3629, if adopted, would confirm the Commission’s Declaratory Resolution No. 3627, adopted on
1/9/25, which would amend the River West Development Area and would create the new Riverwalk Allocation
Area. The amendment to the River West Development Area and the creation of the new Riverwalk Allocation
Area were also approved by the South Bend Plan Commission on 1/21/25 and the Common Council on 2/10/25.
Prior to consideration of Resolution No. 3629, the Commission will hold a public hearing.
Resolution No. 3630, if adopted, would pledge TIF revenues from the Riverwalk Allocation Area to the Developer
in support of the project. The Commission entered into a Development Agreement with the Developer on
1/9/25, which established that the support provided by the Commission to the Developer will be in the form of
Pledged TIF Revenue. This Pledged TIF Revenue—90% of the TIF revenue over the life of the bond, if issued—
would be used by the Developer to pay the principal and interest on the bonds. Moreover, this resolution would
pledge additional 6% of TIF revenues until such additional revenue equals $1.342 million. As stated in
Declaratory Resolution No. 3627, the full development of the Riverwalk Allocation Area with the improvements
discussed above would not proceed as planned without the contribution of tax increment revenues to be
derived from the Riverwalk Allocation Area to the Riverwalk project.
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
RESOLUTION NO. 3630
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
PLEDGING CERTAIN TAX INCREMENT REVENUES TO THE PAYMENT OF
CERTAIN TAXABLE ECONOMIC DEVELOPMENT TAX INCREMENT REVENUE
BONDS OF THE CITY OF SOUTH BEND FOR THE J.C. HART DEVELOPMENT
PROJECT
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 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 an economic development plan for
the Area (the “Plan”); and
WHEREAS, the Commission on January 9, 2025, approved and adopted its Resolution No.
3627 for the purpose of making additional amendments to the Area and the Plan including to
designate a portion of the Allocation Area as a separate allocation area pursuant to Section 39 of
the Act to be known as the Riverwalk Allocation Area (“Riverwalk Allocation Area”) for purposes
of capturing ad valorem property taxes levied and collected on all taxable real property from the
incremental assessed value located in the Riverwalk Allocation Area (such tax increment revenues,
including any future tax increment revenues generated as a result of the redesignation of the
Riverwalk Allocation Area, the “Riverwalk Allocation Area TIF Revenues”); and
WHEREAS, the Commission and J.C. Hart Company, Inc. (the “Company”), have entered
into a Development Agreement, dated as of January 9, 2025 (the “Development Agreement”),
whereby the Company agreed that the Company, or an affiliate thereof will undertake the
development and construction of 2 buildings housing approximately 291 apartments and an
approximately 398-space structured garage to be located in Riverwalk Allocation Area (the
“Project”); and
WHEREAS, the City is considering the issuance of its City of South Bend, Indiana,
Taxable Economic Development Tax Increment Revenue Bonds, Series 2025 (J.C. Hart
Development Project), in a maximum aggregate principal amount not exceeding $17,000,000 (the
“Bonds”), a portion of the net proceeds of such Bonds to be used for the purpose of financing a
portion of the costs of the Project; and
WHEREAS, the Commission desires to pledge a portion of the Riverwalk Allocation Area
TIF Revenues consisting of: (i) ninety percent (90%) of the Riverwalk Allocation Area TIF
Revenues (the “90% Pledge Revenues”), and (ii) an additional annual amount equal to six percent
2
(6.0%) of the Riverwalk Allocation Area TIF Revenues (the “6% Pledge Revenues”) until such
time as the aggregate of such additional annual amounts equals $1,342,000 (the “6% Pledge
Amount”), following which the only amount of the Riverwalk Allocation Area TIF Revenues
pledged shall be the 90% Pledge Revenues (clauses (i) and (ii), collectively, the “Pledged TIF
Revenues”) to the payment of the principal of and interest on the Bonds; and
WHEREAS, the Commission has determined that the undertaking of the Project, the
issuance of the Bonds by the City and the pledge of the Pledged TIF Revenues in the manner set
forth herein will further the purposes of the Declaratory Resolution and the Plan, each as amended;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission, as follows:
1. The Commission hereby pledges the Pledged TIF Revenues to the payment of the
principal of and interest on the Bonds as follows: (i) the 90% Pledge Revenues are pledged for a
term of years not less than the term of the Bonds and (ii) the 6% Pledge Revenues are pledged
until such time as the aggregate amount of such additional annual amounts of Riverwalk Allocation
Area TIF Revenues equals the 6% Pledge Amount.
2. The pledge of the Pledged TIF Revenues made herein shall be effective as set forth
in I.C. 5-1-14-4 without the recording of this Resolution other than in the records of the
Commission or the filing of any other instrument. Notwithstanding the foregoing, in the event that
the Pledged TIF Revenues are in excess of the amount necessary to make scheduled principal and
interest payments on the Bonds when due and to pay any outstanding amounts due and owing on
the Bonds due to shortfalls in Pledged TIF Revenues in previous years (the “Excess TIF
Revenues”), the Commission shall retain and apply such Excess TIF Revenues solely to the
payment of the principal of and interest on the Bonds when due or, at the option of the Commission
in accordance with the terms of the Bonds, to redeem a portion of the outstanding
Bonds. Notwithstanding anything herein to the contrary, at such time as the aggregate amount of
the additional annual amounts of the 6% Pledge Revenues equals the 6% Pledge Amount, the 6%
Pledge Revenues shall no longer be pledged hereunder and the Commission shall retain the 6%
Pledge Revenues received by the Commission and may use the 6% Pledge Revenues for any
purpose under the Act.
3. The President and Secretary of the Commission are hereby authorized and directed
to enter into a pledge agreement on behalf of the Commission (the “Pledge Agreement”) providing
that the Pledged TIF Revenues are pledged as described herein and containing such other terms
consistent with this Resolution to evidence the intent of the Commission to secure the Bonds solely
with the Pledged TIF Revenues as described herein.
4. Any officer of the Commission is hereby authorized to take such further actions
and execute on behalf of the Commission such further documents or agreements as any such officer
deems necessary or appropriate to effectuate the purposes of this Resolution.
5. This Resolution shall be deemed to take effect immediately upon adoption by the
Commission. The provisions of this Resolution shall constitute a contract binding between the
Commission and the holder or holders of the Bonds and after the issuance of said Bonds, this
3
Resolution shall not be repealed or amended in any respect which would adversely affect the right
of such holder or holders of said Bonds.
*******
4
ADOPTED AND APPROVED at a meeting of the South Bend Redevelopment
Commission held on the 27th day of February, 2025.
SOUTH BEND
REDEVELOPMENT COMMISSION
By:
Troy Warner, President
ATTEST:
Eli Wax, Secretary
DMS 46303620
RESOLUTION NO. 3628
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING A REVISED SCHEDULE OF REGULAR MEETING TIMES
FOR CALENDAR YEAR 2025
WHEREAS, pursuant to Ind. Code § 36-7-14, the South Bend Redevelopment
Commission ("Commission") is the governing body of the City of South Bend Department
of Redevelopment; and
WHEREAS, on December 12, 2024, the Commission approved its Resolution No.
3621, adopting a schedule of regular meeting dates for calendar year 2025; and
WHEREAS, the Commission has since become aware of scheduling conflicts for a few
of its regular meeting dates as it pertains to the room location of the meeting; and
WHEREAS, the Commission desires to adopt and approve a revised meeting schedule
for the calendar year 2025, which will specify the dates that its regular meetings will take place
in a different room within the County-City Building.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1. The Commission approves and adopts as its regular meeting schedule for
calendar year 2025 the meeting dates, times, and locations stated in the schedule attached
hereto as Exhibit A.
2. Unless otherwise specified in Exhibit A, or separately announced, regular
meetings shall be held without further notice at 9:30 a.m., local time, at the Board of Public
Works Meeting Room, 1308 County-City Building, 227 West Jefferson Street, South Bend,
Indiana 46601 and virtually via Microsoft Teams.
3. This Resolution supersedes Resolution No. 3621 and shall be in full force and
effect after its adoption by the South Bend Redevelopment Commission.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on
February 27, 2025.
SOUTH BEND REDELOPMENT COMMISSION
___________________________
Troy Warner, President
ATTEST: _______________________ Eli Wax, S ecretary
Resolution No. 3628
Exhibit A
2025 Meeting Schedule
Except where indicated below, the South Bend Redevelopment Commission will hold its regular meetings on
the 2nd and 4th Thursdays of each month at 9:30 a.m. in the Board of Public Works Conference Room, 227 W.
Jefferson Blvd., Room 1308, South Bend, Indiana 46601.
Each meeting will also be broadcast virtually via Microsoft Teams at the following links:
2nd Thursdays: https://tinyurl.com/RDC-2025-2T
4th Thursdays: https://tinyurl.com/RDC-2025-4T
Date Time Notes
January 9
January 23
9:30 a.m.
9:30 a.m.
Room Location Change *
February 13
February 27
9:30 a.m.
9:30 a.m.
March 13
March 27
9:30 a.m.
9:30 a.m.
April 10
April 24
9:30 a.m.
9:30 a.m.
May 8
May 22
9:30 a.m.
9:30 a.m.
Room Location Change *
Room Location Change *
June 12
June 26
9:30 a.m.
9:30 a.m.
July 10
July 24
9:30 a.m.
9:30 a.m.
August 14
August 28
9:30 a.m.
9:30 a.m.
September 11
September 25
9:30 a.m.
9:30 a.m.
October 9
October 23
9:30 a.m.
9:30 a.m.
Room Location Change *
Room Location Change *
November 13
November 24
9:30 a.m.
9:30 a.m.
This date is the Monday prior to Thanksgiving
December 11
December 22
9:30 a.m.
9:30 a.m.
This date is the Monday prior to the Christmas Holiday
* Meeting will be held in the Council Chambers on the 4th Floor of the County-City Building, 227 W.
Jefferson Blvd., South Bend, Indiana 46601
FOR HEARING AND SIGHT IMPAIRED PERSONS
Auxiliary aid or other services are available upon request at no charge.
Please give reasonable advance request when possible.