HomeMy WebLinkAbout5A1 Purchase Agreement (Sunoco on 1335 Portage Ave.) - SignedSouth Bend Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Redevelopment Commission Agenda Item
D ATE : 8/22/2025
FROM: Joseph Molnar,
Assistant Director of Growth & Opportunity
SUBJECT: Purchase Agreement – 1335 Portage Ve
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: Approve the Purchase Agreement for 1335 Portage Ave
SPECIFICS: The Redevelopment Commission acquired the Portage Elwood Shopping Center in December of 2024.
The City is currently designing plans for the redevelopment of the Shopping Center as well as the adjacent
former Drewrys Brewery property.
The property located at 1335 Portage Ave is a former auto repair shop that is adjacent to the Shopping Center.
The auto repair shop is closed and owned by the trust of the former owner who has passed away. The trust had
no interest in continuing to operate the property as an auto repair shop. Acquiring the property at 1335 Portage
would aid in the design of the redevelopment of the Shopping Center and add property for redevelopment along
the Portage Ave corridor. The specifics of the agreement are:
•Purchase Price of $100,850 (average of two appraisals)
•60 day due diligence period
•30 day closing period
Staff recommend approval of the Purchase Agreement which will help in redevelopment efforts of the Portage
Ave corridor.
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
August 28, 2025
28th. August,
GRANTOR:
SNYDER RAYMOND EDWARD REV TRUST & AS TRUSTEE
STATE OF INDIANA )
) SS:
ST. JOSEPH COUNTY )
Before me, the undersigned, a Notary Public, in and for said County and State, personally
appeared James Snyder and Cindy Mrozinski, each a co-trustee of the SNYDER RAYMOND
EDWARD REV TRUST & AS TRUSTEE, and acknowledged the execution of the foregoing
Special Warranty Deed as their true act and deed.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official
seal on the � � day of � , 2025.
My Commission Expires:
.;i/s/:io31-�� • • ()' i St. Jo e h County, Indiana�,t":.�tJ';;,,� LYND� L. CLARK � 0 .• • •. 6'<" ,<. Notary Pub he, State of Indiana l ":' SEAL·: 0¥ Saint Joseph County � * \ /•§Commission Number NP0677489 %;-i,,,,i,.�1>-,_.$' My Commission Expires'''""''\''' February 05, 2032
I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law. /s/ Danielle Campbell Weiss
This instrument was prepared by Danielle Campbell Weiss, Senior Assistant City Attorney, 1200 S. County-City Building, 227 W.
Jefferson Blvd., South Bend, Indiana 4660 I. 2