HomeMy WebLinkAbout5A3 Real Estate Donation Agreement (Property at 1724 Kendall St.) - SignedSouth Bend Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : 8/21/25
FROM: Erin Michaels – Property Development Manager
SUBJECT: Real Estate Donation Agreement – 1724 Kendall St
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 Proposed Real Estate Donation Agreement for Vacant Parcel at 1724 Kendall
St
SPECIFICS: The proposed Real Estate Donation Agreement would allow the Redevelopment Commission to
accept one vacant residential parcel located at 1724 Kendall St from 2010 Investment Group LLC (the “Group).
The Group has contacted Commission staff and wishes to donate this parcel to the Redevelopment Commission
to further redevelopment in the Rum Village neighborhood.
The due diligence period would be sixty (60) days from approval of this agreement and the closing deadline
would be 30 days from the end of the due diligence period.
The City owns thirty (30) vacant parcels in this neighborhood and adding this parcel to the City’s portfolio will
help to further redevelopment in this area.
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
August 28, 2025
28th. August