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Home My WebLink AboutRedevelopment Commission Agenda & Packet 09.25.25 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Agenda Regular Meeting, September 25, 2025 – 9:30 a.m. BPW Conference Room 13th Floor or https://tinyurl.com/RDC-2025-4T Meeting Recording Link: https://tinyurl.com/RDC-Meeting-Recordings 1. Roll Call • Troy Warner, President – (Council) January 2025 to December 2025 • Dave Relos, Vice President – (Mayor) January 2025 to December 2025 • Eli Wax, Secretary – (Mayor) February 2025 to December 2025 • Gillian Shaw, Commissioner – (Mayor) January 2025 to December 2025 • Ophelia Gooden-Rodgers, Commissioner – (Council) February 2025 to December 2025 • Marcus Ellison, Non-Voting Advisor – (School Board) February 2025 to December 2026 2. Approval of Minutes A. Minutes of the Regular Meeting of September 11, 2025 3. Approval of Claims A. Claims Allowance September 9, 2025 4. Old Business A. None 5. New Business A. River West Development Area 1. Public Hearing on Additional Appropriations (New Day Intake Center Forgivable Loan) 2. Resolution No. 3652 Adopting Additional Appropriations (New Day Intake Center Forgivable Loan) 3. Disposition of 1408 Elwood Ave. (Drewrys) i. Bid Specifications for Disposition of Property (1408 Elwood Ave.) ii. Notice of Intended Disposition of Property (1408 Elwood Ave) iii. Resolution No. 3649 for Disposition of Property (1408 Elwood Ave.) 4. Disposition of 1335 Portage Ave. (Portage Sunoco) i. Bid Specifications for Disposition of Property (1335 Portage Ave.) ii. Notice of Intended Disposition of Property (1335 Portage Ave) iii. Resolution No. 3650 for Disposition of Property (1335 Portage Ave.) 5. Disposition of 1302 Elwood Ave. (Elwood Shopping Center) i. Bid Specifications for Disposition of Property (1302 Elwood Ave.) ii. Notice of Intended Disposition of Property (1302 Elwood Ave.) iii. Resolution No. 3651 for Disposition of Property (1302 Elwood Ave.) South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Page 2 6. Second Amendment to Development Agreement (Great Lakes Capital Development, LLC) 7. Two Parking Lease Agreements (Leighton Garage) and Property Transfer Agreement (Madison Lifestyle District) 8. Fifth Amendment to Purchase Agreement (The Monreaux) 6. Progress Reports A. Tax Abatement B. Common Council C. Other 7. Next Commission Meeting Thursday, October 9, 2025, 9:30 a.m. at Council Chambers 4th. Floor County-City Building CITY OF SOUTH BEND REDEVELOPMENT COMMISSION SOUTH BEND REDEVELOPMENT COMMISSION MINUTES September 11, 2025, at 9:30 a.m. Council Chambers 4th Floor, County-City Building https://tinyurl.com/RDC-2025-2T Meeting Recording Link: https://tinyurl.com/RDC-Meeting-Recordings The South Bend Redevelopment Commission was called to order at 9:32 a.m. President Troy Warner presiding and started the meeting with a moment of silence in honor of September 11, 2001 1. ROLL CALL • Troy Warner, President – (Council) January 2025 to December 2025 • Dave Relos, Vice President – (Mayor) January 2025 to December 2025 • Eli Wax, Secretary – (Mayor) February 2025 to December 2025 • Gillian Shaw, Commissioner – (Mayor) January 2025 to December 2025 • Ophelia Gooden-Rodgers, Commissioner – (Council) February 2025 to December 2025 • Marcus Ellison, Non-Voting Advisor – (School Board) February 2025 to December 2026 Members Absent: Gillian Shaw Legal Staff: Sandra Kennedy, Corporation Council - Virtual Danielle Campbell Weiss, Senior Asst. City Attorney Redevelopment Staff: Caleb Bauer, Exec. Director, DCI Erik Glavich, Director of Growth and Opportunity, DCI Lewis Kouassi, Director of Finance, DCI Joseph Molnar, Asst. Dir. of Growth and Opp., DCI Erin Michaels, Property Development Manager, DCI Chris Dressel, Senior Planner, DCI - Virtual Allison Doctor, Project Manager, DCI Laura Hensley, Board Secretary, DCI Zak Tebell, Project Manager, Engineering Sarah Barber, Asst. City Engineer, Engineering CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 2 Others Present: Gregory Broadnux, 2011 Linden Ave. Hernando Swanson, 115 W. Oak St. Beverly Conley, 2610 River Ave. Janeth White, 2314 Roger St. Doris Wilson, 414 LaPorte Ave. Earl Logan, 212 N. Johnson St. Jose Nunez, 333 N. Walnut Frank Rozum, 1634 Florence Alice Pickens, 234 N. Albert Shirley & Lois Sanders, 2529 W. Bertrand Linda Johnson, 1113 W. Oak Andriana Dominguez, 525 Studebaker St. Carmen Valentin, 2126 Kenwood Ave. Pabian Crespi, 2126 Kenwood Ave. Jeanine Rozum, 1634 Florence Gloria Amayn, 1609 Sibley Ave. Marvin Thompson Earl Walker, Jr., 639 Diamond Ave. M. Williams, 246 Studebaker A. Williams, Johnson St. Jason Douglas, 213 N. Brookfield St. Sandy Harvey, 213 N. Brookfield St. Barbara Reese, 247 N. Walnut St. Alfredo Plata, 2125 Harrison Ramadan Salamch, 12801 Palazzo Blvd. Tanya Roberson, Fidelis Properties, LLC Matt Barrett, 110 S. Niles Ave. JoAnne Haithcox, 1824 Sibley Ginger Reilly, SB Tribune Tina Patton, 707 Sherman Ave. Amon Frison, 914 N. Brookfield St. 2. Approval of Minutes A. Approval of Minutes of the Regular Meeting of Thursday, August 28, 2025 Upon a motion by Eli Wax for approval, second by Ophelia Gooden- Rodgers, the motion carried unanimously; the Commission approved the minutes of the regular meeting of August 28, 2025. 3. Approval of Claims A. Claims Allowances August 26, 2025 CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 3 Upon a motion by Ophelia Gooden-Rodgers for approval second by David Relos, the motion carried unanimously; the Commission approved the claims allowances of August 26, 2025. 4. Old Business A. None 5. New Business A. River West Development Area 1. Public Hearing regarding (RWDA Expansion Establishing a New Allocation Area at Lincoln/Kennedy Park) Joseph Molnar, Assistant Director of Growth and Opportunity, presented 5A1 & 2 together. Resolution No. 3648 is 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 residential housing development program and related matters. Mr. Molnar reviewed the approval schedule per state law and confirmed that all steps have been completed thus far. Mr. Molnar also reviewed the definition of TIF (Tax Increment Financing) as well as how it works and presented graphics. He explained the difference between a residential TIF versus a commercial TIF and how commercial does not capture new single- family houses, but a residential TIF can. Mr. Molnar stated that these funds can be used for infrastructure, community assets, development projects and showed a map of the area. Intend Indiana is an Indianapolis based non-profit housing developer that the City is partnering with to build 92 new homes over the next 5 years. This new TIF will allow the City to reinvest back into this neighborhood. Commissioner Ellison asked about park improvements and boundaries and if Kennedy Park is included in this area and Mr. Molnar stated yes, it's included. Vice President Relos advised that we revisit the FAQ slide for reference. A notice was published in the South Bend Tribune on August 29, 2025, regarding the public hearing to consider further the final residential TIF approvals for Lincoln/Kennedy Park. A Public Hearing regarding the adoption of an Amending Declaratory Resolution was opened to the public for comments and considerations. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 4 • Amon Frison spoke in favor however, asking if the City would provide a program to assist with siding, new windows and doors to improve the entire neighborhood. • Alice Pickens asked if vacant lots owned by residents can be added to the redevelopment plan. • Linda Johnson asked if taxpayers would have to pay the TIF back. • Rhonda Works asked about the process of blighted houses that need demolition. • Jose Nunez asked if the City has a program to assist retired residents to freeze their taxes at the current rate. • Heather Thomas asked if in the future, could the City provide advanced notice of properties being added to the acquisition list. Caleb Bauer, Executive Director of Community Investment, addressed all of the questions at the same time. Regarding property improvements for current homeowners: these could potentially qualify under single-family residential TIF, but a specific program would need to be created. What we’re doing today is setting up the tool—not allocating future funds for any particular use just yet. It’s helpful to hear this feedback from neighbors, which aligns with what we’ve heard from the Linden Legacy Neighborhood Association. I also want to mention that the City’s Home Repair Program will reopen later this year, likely with applications available between November and December. While the program has a narrower focus, it does cover roof and furnace replacements. This upcoming round will be citywide, meaning residents from this neighborhood and others within city limits may be eligible. Eligibility is based on income—specifically, households earning up to 80% of the area median income, which is the same threshold used for the utility assistance program. I’ve advised neighbors to apply for the utility assistance program now if they qualify. That way, they’ll be ready to submit a pre-application when the home repair program opens. Plus, being enrolled in the utility assistance program provides a monthly utility bill discount. We’ve aligned the eligibility for both programs to ensure residents benefit from both if they qualify. Sidewalk improvements were also mentioned, and those could theoretically be eligible under the single-family residential TIF. However, it’s important to note that it will take time to collect the necessary funds. For example, a newly built home won’t contribute incremental property taxes until the year after it’s first assessed. Since the Intend Indiana development spans five years, with new homes built each year, there will be a 1–2-year lag before we start seeing usable revenue. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 5 To clarify, this initiative does not change the property tax percentage rate for any properties. While neighborhood improvements can increase property values, Indiana’s new property tax law—Senate Bill 1 (SB1)—places limits on how much property taxes can rise over multiple years. Previously, property assessments were based on what a home could sell for in the market. SB1 changes that by decoupling assessments from market value, helping to slow down increases in assessed value over time. Additionally, SB1 may renew tax credit programs for seniors. If you're over 55 and on a fixed income, you might qualify for credits that reduce your property tax bill. We're still reviewing the full impact of this new law, but we’re happy to help answer questions or connect you with county officials who can provide more details. So again, we’re establishing the tool now, but it will take time before we have enough funds to support various projects. Lastly, regarding property tax rates: this initiative does not change the percentage rate for any properties. While neighborhood improvements can affect property values, Indiana’s SB1 property tax bill limits how much property taxes can increase over multiple years. There was a question about property owners who already have vacant lots and may be interested in building on them or getting support through a program like TIF. Yes, that is an eligible use of TIF funds— they can be used as incentives to support new development. For owners interested in exploring this, there are a few options: • Our team is available to discuss possibilities. • We can also connect you with Intend Indiana, the nonprofit currently doing new construction in the neighborhood. They offer different partnership models for property owners. To clarify, we did not include any properties in this area on the acquisition list. In other commercial TIF districts, properties are sometimes listed for potential purchase by the Commission. But in this case, we wanted to avoid confusion or concern—especially for single- family residential properties—so no properties were added to that list. If, in the future, there’s interest in purchasing property in this area, we would need to revise the acquisition list and formally add those properties. However, when improvements happen in a neighborhood, property values can go up. That can be a good thing—homeowners may gain more equity, which could help if they want to sell or use their home to access financing. But it could also lead to higher property assessments, which might increase property taxes. That’s where SB1 comes in. This new state law sets a limit on how much property taxes CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 6 can increase each year, helping to prevent large jumps in tax bills over time. It creates a cap on annual increases over multiple years. And finally, if the city ever decides to add property to the acquisition list, the owners of those properties will be notified by first-class mail— they’ll receive a letter explaining that their property has been added. In this case, because most of the properties in the area are single-family homes, we are not planning to add existing residences to the acquisition list. In the future, we might consider adding vacant lots if there are interested sellers, but we do not expect to include any occupied homes. And again, if any property is added to the list, the owner will receive a direct notification. The Public Hearing was closed. Commissioner Gooden-Rodgers asked again if residents’ taxes will go up and Mr. Bauer stated that property taxes across South Bend will continue to increase annually, but this TIF district’s establishment does not change the tax rate or directly affect assessed property values. However, as new development and improvements happen in a neighborhood, they can influence property values. When property values rise, it can lead to higher assessments, which may affect the amount of property tax owed. Also, to address a previous question about demolitions, Mr. Bauer stated these are handled by Neighborhood Services and Enforcement, and we currently conduct them at least once a year, with plans to increase to twice annually. Properties with demolition orders are placed on a priority list, and we focus first on the most severely blighted or unsafe buildings. If you know of vacant property that may need attention, please call 311. They can connect you with our team and let you know if there’s already a case open for that property. If a property is vacant and unsafe, it will likely go through the citation process and eventually be added to the demolition list. Vice President Relos spoke in favor of the TIF district. His experience with the West Washington district, property values have increased, and many improvements have been made 20 years since it was established, and the neighborhood will mourn the loss soon when that TIF district expires. Commissioner Ellison, Secretary Wax, and President Warner all spoke in favor as well. 2. Resolution No. 3648 (Residential TIF Amendments to RWDA) CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 7 Upon a motion by Eli Wax for approval, seconded by David Relos, the motion carried unanimously; the Commission approved Resolution No. 3648 as presented on September 11, 2025. 3. Second Amendment to Development Agreement (The Monreaux) Erik Glavich, Director of Growth and Opportunity, presented this Second Amendment to the development agreement and pointed out that the draft that was provided in the packet has a change in language at the top of page 2, Proposed 1.2 in the draft included in the packet which reads; “Subject to annual appropriation by the Commission to simultaneously reimburse the city for its costs incurred or to be incurred through the loan agreement”. The final version for consideration and presented to the Commission changes the words “for its costs incurred, or to be incurred” was changed to “for advances the city has made, or will make, through the loan agreement”. The amendment is for $303,000 for siding upgrades. The First Amendment to the Development Agreement only included the forgivable loan portion and did not contain the standard language typically used in agreements for local public improvement projects. Through negotiations with the developer, we’ve now added back in that standard language. We also clarified the developer’s commitments and how we’ll verify when those commitments are met. For example, you’ll see a reference to an affidavit of completion in the updated agreement. With the amendments, the developer’s private investment commitment for the project has increased by $4 million, going from $13.7 million to $17.7 million. Both Commissioner Wax and Relos stated they had reservations; however, they want the project to succeed and approve of the value engineering and design upgrades. Mr. Glavich stated that while working with Ms. Peters, the goal was to restore some of the building’s aesthetic features to better match the neighborhood’s character. He then showed an image with a proposed design showing more defined architectural elements—like changing the upper siding from gray to red and using darker brick on the lower portion. These updates are considered more visually appealing for this part of downtown. The quote for these changes from her contractor came to $303,000 which is the amount of the proposed increase in the Funding Amount. It’s important to note that the amendment being considered does not commit the city to purchasing the siding alone, it’s part of a broader discussion. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 8 Vice President Relos asked if the change would delay the project further and Mr. Glavich stated that it’s been through plan review, and we are working closely with Engineering to stay on track. Secretary Wax asked if this was necessary to move the project forward. Mr. Glavich reiterated that during the value engineering process, we realized that some of the building’s unique architectural and façade features were being lost. These elements are important because they help the building stand out and reflect the character of the neighborhood. This project is more than just construction—it’s a meaningful investment in the community. It provides affordable housing, with most units priced for households earning 80% or 50% of the Area Median Income (AMI) or less. Caleb Bauer added that we’ve spent a lot of time internally thinking about how to raise our expectations for future development projects and make sure those expectations are clearly communicated early in the negotiation process. This is something we’re actively working on so that we’re not in a position where changes or adjustments need to happen late in the game. Instead, we want to be upfront about our design standards from the very beginning. Mr. Bauer also confirmed that this will be the last amendment for any additional funding requests for this project however, there will be amendment to the purchase agreement for the timelines related to the property closing to align with the new financing closing timeline. Upon a motion by Troy Warner for approval, seconded by Ophelia Gooden-Rodgers, the motion carried unanimously; the Commission approved the Second Amendment as presented on September 11, 2025. 4. Budget Request (Potawatomi Conservatory Roof Replacement) Zak Tebell, Project Manager, Engineering, presented this budget request for $40,000 to cover construction fees for the Potawatomi Conservatory Roof Replacement to prevent further damage of the structure and cancellation/denial of event space. Secretary Wax asked if this will just replace the roof or will the funds also fix the damage to the interior. Mr. Tebell clarified that this will also repair the interior, as well as a complete roof replacement, and repair the flashing and gutter system. Commissioner Gooden-Rodges asked what the total for the project would be and Mr. Tebell stated $151,812. Upon a motion by David Relos for approval, seconded by Ophelia Gooden-Rodgers, the motion carried unanimously; the Commission approved the Budget Request as presented on September 11, 2025. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 9 5. Amendment to Lease Agreement (East Bank Learning Center) Erin Michaels, Property Development Manager, presented this First Amendment to the Commercial Lease between the Redevelopment Commission (RDC) and East Bank Learning Center. The East Bank Learning Center and RDC staff wish to amend the Commercial Lease to add or revise the following terms: • Clarify the leased space for the East Bank Learning Center (425 E. Madison St.) • Floorplan to accurately reflect storage areas • Either party may terminate this Commercial Lease with eighteen (18) months with written notice • Clarify the Maintenance and Repairs responsibilities of the Lessor and Lessee • Update the annual rent increases to 2.5% • Update renewal terms to allow Lessee to renew lease for a twenty- four (24) month term provided they notify Lessor eighteen (18) months prior to the expiration of the Lease. o Rent during the renewal period to increase at a rate of 2.5% for the first twelve (12) months period of the renewal term and 2% for the second twelve (12) month period of the renewal term. Vice President Relos asked about the extension of the 18-month termination period and Ms. Michaels explained that to keep their Level 4 accreditation, they would need that time to find an acceptable property if they were to relocate. She also noted that she has heard from multiple developers interested in the building that having East Bank Learning Center as a tenant in the building is a positive to the property. Upon a motion by Eli Wax for approval, seconded by David Relos, the motion carried unanimously; the Commission approved the Amendment as presented on September 11, 2025. 6. Opening of Proposals (Former YMCA Northside RFP) Erin Michaels, Property Development Manager, stated we received one (1) proposal prior to the deadline. Ms. Michaels asked staff to review and make recommendations at the next RDC meeting on November 13, 2025. I. Century Custom Builders 230 W. Catalpa, Suite A Mishawaka, IN 46545 Phone 574-277-4171 CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 11, 2025 10 Upon a motion by Troy Warner for approval, seconded by Eli Wax, the motion carried unanimously; the Commission approved the Proposal Opening as presented on September 11, 2025. 6. Progress Reports A. Tax Abatement None B. Common Council Councilman Warner noted, they are in the budget season and are hopeful the budget will pass by mid-October. Caleb Bauer explained that while he’s optimistic and hopeful about what’s ahead, he also wanted to give the Commission a heads-up that: due to budget constraints, we’ll be proposing revisions to the staff operating agreement later this year. These changes are in response to the growing volume and complexity of development agreements. Looking ahead to 2026, we plan to request pre-development appropriations to help supplement our annual budget. This funding would support our due diligence efforts before bringing development agreements to the Commission. While we already have RDC General Fund support for things like appraisals and surveys, we’re hoping to add flexible funding for urban design, architectural feedback, and even some light underwriting to better evaluate developer assumptions. These adjustments won’t be dramatic, but they will help strengthen our operations moving forward. C. Other None 7. Next Commission Meeting Thursday, September 25, 2025, 9:30 a.m. at BPW Conference Room 13th Floor 8. Adjournment Thursday, September 11, 2025, 11:11 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, September 9, 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-0117140 $521,510.74 GBLN-0117643 $259,959.98 GBLN-0000000 $0.00 Total:$781,470.72 _______________________________ 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: _______________________________ Name:Attest: RESOLUTION NO. 3652 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING CERTAIN FUNDS IN CONNECTION WITH A DIRECT LOAN TO THE DEVELOPER OF AN ECONOMIC DEVELOPMENT FACILITY (LOW-BARRIER EMERGENCY SHELTER PROJECT) WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the South Bend Department of Redevelopment 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 is committed to improving the City of South Bend, Indiana (the “City”) by administering and funding projects that support economic development and public infrastructure, and are in the best interests of the health, safety, and welfare of the City and its residents; and WHEREAS, the Commission has previously adopted a declaratory resolution, as subsequently confirmed and amended, which (i) declared the South Side Development Area (the “South Side Development Area”) as a redevelopment area pursuant to Section 15 of the Act, (ii) designated the South Side Development Area as an allocation area pursuant to Section 39 of the Act (the “South Side Allocation Area”), for the purpose of capturing property tax proceeds derived from incremental assessed valuation of real property in such allocation area which is in excess of the “base assessed value” (such property tax proceeds, hereinafter referred to as “South Side TIF Revenues”), (iii) created the South Side Allocation Area Fund into which all South Side TIF Revenues are deposited, all pursuant to and as described Section 39 of the Act, and (iv) approved a development plan for the South Side Development Area; and WHEREAS, the Commission has previously adopted a declaratory resolution, as subsequently confirmed and amended, which (i) declared the River West Development Area (the “River West Development Area”) as an economic development area pursuant to Section 41 of the Act, (ii) designated the River West Development Area as an allocation area pursuant to Section 39 of the Act (the “River West Allocation Area”), for the purpose of capturing property tax proceeds derived from incremental assessed valuation of real property in such allocation area which is in excess of the “base assessed value” (such property tax proceeds, hereinafter referred to as “River West TIF Revenues”), (iii) created the River West Allocation Area Fund into which all River West TIF Revenues are deposited, all pursuant to and as described Section 39 of the Act, and (iv) approved an economic development plan for the River West Development Area; and WHEREAS, the Commission has previously adopted a declaratory resolution, as subsequently confirmed and amended, which (i) declared the River East Development Area (the “River East Development Area”) as a redevelopment area pursuant to Section 15 of the Act, (ii) designated the River East Development Area as an allocation area pursuant to Section 39 of the Act (the “River East Allocation Area”), for the purpose of capturing property tax proceeds derived from incremental assessed valuation of real property in such allocation area which is in excess of the “base assessed value” (such property tax proceeds, hereinafter referred to as “River East TIF 2 Revenues”), (iii) created the River East Allocation Area Fund into which all River East TIF Revenues are deposited, all pursuant to and as described Section 39 of the Act, and (iv) approved a development plan for the River East Development Area; and WHEREAS, New Day Intake Center, Inc., an Indiana nonprofit corporation (the “Developer”), has informed the City that it desires to acquire and construct certain economic development facilities within the meaning of Indiana Code 36-7-11.9 and 36-7-12 within the City which will consist of the construction, renovation or rehabilitation of certain real property in the City to develop a no less than one hundred and ten (110) bed lower-barrier emergency shelter, with an approximate total development cost of Fourteen Million Dollars ($14,000,000) (collectively, the “Project”), and has requested that the City make a loan to the Developer on a draw basis for the purposes of financing or reimbursing the Developer for a portion of the costs of acquisition and construction of the Project; and WHEREAS, the Common Council of the City adopted its loan ordinance (the "Loan Ordinance") on September 22, 2025, which Loan Ordinance authorizes the issuance and funding of a forgivable loan from the City to the Developer on a draw basis (the "Loan") in the total aggregate principal amount not to exceed Four Million Dollars ($4,000,000) to finance a portion of the Project; and WHEREAS, the Commission previously adopted its Resolution No. 3646 on August 14, 2025, determining, subject to appropriation thereof by the Commission, to make available (i) South Side TIF Revenues in the amount $465,377, (ii) River West TIF Revenues in the amount of $2,475,686, and (iii) River East TIF Revenues in the amount of $1,058,937 to simultaneously reimburse the City for its costs incurred to fund each draw on the Loan to the Developer with respect to the Project; and WHEREAS, the Commission now desires to appropriate an amount not to exceed Four Million Dollars ($4,000,000) consisting of (i) South Side TIF Revenues in the amount $465,377, (ii) River West TIF Revenues in the amount of $2,475,686, and (iii) River East TIF Revenues in the amount of $1,058,937, to fund draws on the Loan to the Developer with respect to the Project; and WHEREAS, notice has been given and this date a public hearing has been conducted regarding such appropriation, as required by Indiana law; NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION, AS FOLLOWS: SECTION 1. 1. An appropriation in an amount not to exceed Four Million Dollars ($4,000,000) is hereby made for the purpose of simultaneously reimbursing the City for expenditures made, or to be made, by the City to fund draws on the Loan to the Developer with respect to the Project, and the funds to meet this appropriation will be provided out of (i) South Side TIF Revenues collected in the South Side Allocation Area in the amount $465,377, (ii) River West TIF Revenues collected in the River West Allocation Area in the amount of $2,475,686, and (iii) River East TIF Revenues collected in the River East Allocation Area in the amount of 3 $1,058,937. Said appropriation shall be in addition to all other appropriations provided for in the existing budget and tax levy. SECTION 2. The officers of the Commission and the Controller of the City are hereby directed to make any and all required filings, if any, with the Department of Local Government Finance in connection with this resolution. SECTION 3. The President, Vice President or any other officer or member of the Commission are hereby authorized to take all such actions and to execute all such instruments as are desirable to carry out the transactions contemplated by this resolution, in such forms as such officer or member executing the same shall deem proper, to be conclusively evidenced by the execution thereof. SECTION 4. This Resolution shall be in full force and effect from and after its passage. ADOPTED at a meeting of the South Bend Redevelopment Commission held on September 25, 2025, in Room 1308, County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana, 46601. SOUTH BEND REDEVELOPMENT COMMISSION By: Troy Warner, President ATTEST: Eli Wax, Secretary DMS 49049349v1 LOCALSQ South Bend Tribune I The Herald Times po Box 630485 Cincinnati, OH 45263-0485 The Times-Mail I Evening World The Reporter Times AFFIDAVIT OF PUBLICATION Brenda Jones Barnes & Thornburg LLP 201 S Main ST #400 South Bend IN 46601-2130 STATE OF INDIANA, COUNTY OF ST JOSEPH The South Bend Tribune, a newspaper printed and published in the county of St Joseph, in the State of Indiana, and personal knowledge of the facts herein state and that the notice hereto annexed was Published in said newspaper in the issue dated: 09/05/2025 and that the fees charged are legal. Sworn to and subscribed before on 09/05/2025 ^Notaiy, State of^W^ounty ^PBrown My commission expires Publication Cost: Tax Amount: Payment Cost: Order No: Customer No: PO #: $43.68 $0.00 $43.68 11636724 551382 # of Copies: 2 THIS IS NOT AN INVOICE! Please do not use this Jonn for payment remittance. NOTICE OF PUBLIC HEARING CONCERNING AN ADDITIONAL APPROPRIATION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION The residents end taxpayers of the City of South 8ertd» Indiana (the 'City')* are hereby notified that the South Bend Redevelopment Commission (the 'Commis- siort*) will hold a public hear> inp at 9:30 a.m. (local time), or> Tliursdoy, September 2S, 2035, in Room 1308, at the County«City Building, 237 West Jefferson Boulevard, South Bend. Indiana, to consider an appropriation in an amount not to exceed S4.000.000 for the purpose of simultaneously reimbursing the City for expenditures made, or to be made, by the City to fund a forgivable draw loan (the "Loan') from the City to New Day Intake Center, Inc., an Indiana nonproKt corpora* lion (the 'Oevoloper'). The City is making the Loan to the Ooveloper to finance a portion of the construction of economic development projects and facilities within the meaning of Indiana Code 36*7*11.9 and 36*7*12, consisting of the construction, renovation or rehabilitation of certain real property in the City to develop a no less than one hundred and ten (110) bed lower*barrier emergency shelter (collectively. the 'Project"), pursuant to a forgivable loan agreement between the City and the Developer (the 'Loan Agree* ment'). Pursuant to a Funding and Reimbursement Agree ment between the City and the Commission, the Commis* sion will use tax increment revenues on deposit in the allocation funds for the (i) South Side Allocation Area of the South Side Development Area, (il) River West Allocation Area of the River West Devel opment Area, and (ill) River East Allocation Area of the River East Development Area, for the purpose of simultane ously reimbursing the City for expenditures (including loans) made, or to be made, to finance a portion of the Project costs. Said appropriation is in addi tion to any appropriations provided for in the existing budget and tax levy. At said public hearing, all persons shall have the right to appear and be heard on the necessity of said appropriation. Dated: September S. 2025 SOUTH BEND REDEVetOPMENT COMMISSION HSPAXLP 9:5 1x nancy heyrman Notary Public State of Wisconsin Page 1 of 2 Form Prescribed by Stale Board of Accounts (Government Unit) County, Indiana General Form No. 99P (Rev. 2002) To: SEN South Bend Tribune Acct#: 551382 Ad#: 1 1636724 DATA FOR COMPUTING COST Width of single column 1.53 in Number of insertions I Size of type 7 point 84 lines, 1.0000 columns wide which equals 84 equivalent $43.68 lines at $0.52 per line @ 1 days Website Publication SO.OO Charge forprooRs) of publication SO.OO TOTAL AMOUNT OF CLAIM $43.68 Claim No.Warrant No. IN FAVOR OF South Bend Tribune 635 5 Lafayette Blvd, Ste 138 South Bend, IN 46601 On Account of Appropriation For FED ID 83-2810977 Allowed , 20 In the sum of S I have examined the within claim and hereby certify as follows: That it is in proper form. That it is duly authenticated as required by law. That is is based upon statutory authority. That it is apparently (correct) (incorrect) I certify that the within claim is true and correct, that the services there-in itemized and for which charge is made were ordered by me and were necessary to the public business. Page 2 of 2 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 9/18/2025 FROM: Joseph Molnar – Assistant Director of Growth & Opportunity SUBJECT: Disposition of City-Owned Parcel at 1335 Portage Ave (Portage Sunoco) 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: Begin Disposition Process of City-Owned Parcel at 1408 Elwood Ave Commonly Known as the Drewrys SPECIFICS: The City of South Bend, through the entity of the Board of Public Works (BPW), acquired the former Drewrys Brewery property at 1408 Elwood via a tax certificate in June 2022. The Redevelopment Commission (RDC) approved a resolution on August 28th, 2025 to receive the property from BPW for the purposes of redevelopment for a new neighborhood. The attached three documents - Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be redeveloped and set the following conditions for a bid on the Property: - $295,000 minimum bid (average of two appraisals) - All bids will be due by 9:00am on October 23, 2025 and opened publicly at the RDC meeting on October 23, 2025 - During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Bid Specifications & Design Considerations Sale of Redevelopment Owned Property N W Pt Ex Parcel Sold Sec 2-37-2e / Tax ID: 018-1094-3943 / Commonly Known As: 1408 Elwood Ave River West Development Area 1. All of the provisions of I.C. 36-7-14-22 will apply to the bidding process. 2. All offers must meet the minimum price listed on the Offering Sheet (page 7). 3. Proposals for redevelopment are required to be for projects that are permitted within the U3 Urban Neighborhood 3 zoning designation. All proposals must conform to the existing zoning provisions as outlined in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. Proposals for the reuse of the property must include a basic reuse plan for the site and a project timeline detailing aspects of the site redevelopment and site improvements. During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. 4. Bidders are prohibited from the use of the property for speculation or land-holding purposes. 5. All other provisions of the River West Development Area Development Plan must be met. 11 Notice of Intended Disposition of Property RIVER WEST DEVELOPMENT AREA N W Pt Ex Parcel Sold Sec 2-37-2e Tax ID: 018-1094-3943 Commonly Known As: 1408 Elwood Ave. South Bend, Indiana Notice is hereby given that the Redevelopment Commission of the City of South Bend, Indiana, will receive sealed offers for the purchase of certain property situated in the River West Development Area until 9:00 a.m. (local time) on October 23, 2025 in the Office of the Department of Redevelopment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana, 46601. All offers will be publicly opened and read aloud at 9:30 a.m. (local time) on the October 23, 2025 at the Regular Meeting of the Redevelopment Commission to be held that date and time in the City Council Chambers located at 441 S. County-City Building, 227 West Jefferson Boulevard, South Bend, IN 46601, or in the event of cancellation or rescheduling, at the Redevelopment Commission’s subsequent regular meeting or rescheduled regular meeting held at a time and place given by public notice. Bid proposals for the purchase of the property offered will be considered. The property being offered is located at N W Pt Ex Parcel Sold Sec 2-37-2e, Tax ID: 018-1094-3943, commonly known as 1408 Elwood Ave. in the River West Development Area, South Bend, Indiana. Any proposal submitted must be for the site as noted on the Offering Sheet. The required re-use of the property is for projects that are permitted within the U3 Urban Neighborhood Downtown zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the River West Development Area and the surrounding businesses and neighborhood. A packet containing bid forms, the Offering Sheet and other pertinent information may be picked up at the Department of Community Investment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend, IN 46601. The Commission reserves the right to reject any and all bids, and to make the award to the highest and best bidder. In determining the best bid, the Commission will take into consideration the following: 1. The use of the improvements proposed to be made by each bidder on the property, and their compatibility with and support of the proposed re-use as described in the Offering Sheet; 2. Each bidder’s ability to improve the property with reasonable promptness; 3. Each bidder’s proposed purchase price; 4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the Development Plan for the River West Development Area and will best serve the interest of the community from the standpoint of human and economic welfare; and 5. The ability of each bidder to finance the proposed improvements to the property with reasonable promptness. The Commission further reserves the right to waive any formalities in bidding which are not mandatory requirements. A bid submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each: (A) beneficiary of the trust; and (B) settlor empowered to revoke or modify the trust. To secure the execution of the disposition agreement, the purchase of the property and the redevelopment thereof in accordance with the agreement, the bidder must submit with the proposal a faithful performance guaranty, in the sum of ten percent (10%) of the amount offered for the purchase of the property. The guaranty sum may be in the form of a certified check, a cashier’s check, surety bond, letter of credit from a bank or trust company as approved by the Redevelopment Commission, or by other sufficient security, but the form, substance and terms of the performance guaranty must be approved as satisfactory by the Redevelopment Commission. The performance guaranty, if by cashier’s or certified check, shall be deposited in any account of the Department of Redevelopment, City of South Bend, in a bank or trust company selected by the Redevelopment Commission. CITY OF SOUTH BEND, INDIANA DEPARTMENT OF COMMUNITY INVESTMENT Erin Michaels, Property Development Manager Publish Dates: October 3 and October 10, 2025 RESOLUTION NO. 3649 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ESTABLISHING THE OFFERING PRICE OF PROPERTY IN THE RIVER WEST DEVELOPMENT AREA WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the City of South Bend, Indiana, Department of Redevelopment, exists and operates pursuant to I.C. 36-7-14 (the “Act”); and WHEREAS, the Commission may dispose of real property in accordance with Section 22 of the Act; and WHEREAS, the real property identified at Exhibit A attached hereto and incorporated herein (the "Property") has been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of their appraisals is contained in the Commission’s files; and WHEREAS, each such appraisal has been reviewed by a qualified Redevelopment staff person, and no corrections, revisions, or additions were requested by such reviewer. NOW, THEREFORE, BE IT RESOLVED by the Commission, pursuant to Section 22 of the Act, that based upon such appraisals, the offering price of the Property described at Exhibit A is hereby established as stated therein, which amount is not less than the average of the two appraisals, and all documentation related to such determination is contained in the Commission’s files. IT IS FURTHER RESOLVED that all notices and other actions required by Section 22 of the Act be performed in order to effectuate the disposal of the Property. ADOPTED at a meeting of the South Bend Redevelopment Commission held on September 25, 2025 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ____________________________ Troy Warner, President ATTEST: ____________________________ Eli Wax, Secretary EXHIBIT A TO RESOLUTION NO. 3649 Offering Sheet Property Size Minimum Offering Price Proposed Re-Use N W Pt Ex Parcel Sold Sec 2-37-2e018-1094- 3943 71-08-02-101-006.000- 026 Commonly Known As 1408 Elwood Ave Site: 14.03 acres $295,000.00 Projects that are permitted within the U3 Urban Neighborhood 3 zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the goals and objectives of the River West Development Area and the surrounding businesses and neighborhood. South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 9/18/2025 FROM: Joseph Molnar – Assistant Director of Growth & Opportunity SUBJECT: Disposition of City-Owned Parcel at 1335 Portage Ave (Portage Sunoco) 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: Begin Disposition Process of City-Owned Parcel at 1335 Portage Ave Commonly Known as the Portage Sunoco SPECIFICS: The Redevelopment Commission (RDC) approved a purchase agreement on August 28th, 2025 to acquire the property located at 1335 Portage Ave, commonly known as the Portage Sunoco, for the purposes of redevelopment for a new neighborhood. The attached three documents - Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be redeveloped and set the following conditions for a bid on the Property: - $100,850 minimum bid (average of two appraisals) - All bids will be due by 9:00am on October 23, 2025 and opened publicly at the RDC meeting on October 23, 2025 - During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Bid Specifications & Design Considerations Sale of Redevelopment Owned Property 152' ON PORTAGE BEG 197'S OF ELWOOD SEC 2-37-2E Tax ID: 018-1094-394101 / Commonly Known As: 1335 Portage Ave River West Development Area 1. All of the provisions of I.C. 36-7-14-22 will apply to the bidding process. 2. All offers must meet the minimum price listed on the Offering Sheet (page 7). 3. Proposals for redevelopment are required to be for projects that are permitted within the NC Neighborhood Center zoning designation. All proposals must conform to the existing zoning provisions as outlined in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. Proposals for the reuse of the property must include a basic reuse plan for the site and a project timeline detailing aspects of the site redevelopment and site improvements. During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. 4. Bidders are prohibited from the use of the property for speculation or land-holding purposes. 5. All other provisions of the River West Development Area Development Plan must be met. 11 Notice of Intended Disposition of Property RIVER WEST DEVELOPMENT AREA 152' ON PORTAGE BEG 197'S OF ELWOOD SEC 2-37-2ETax ID: 018-1094-394101 Commonly Known As: 1335 Portage Ave South Bend, Indiana Notice is hereby given that the Redevelopment Commission of the City of South Bend, Indiana, will receive sealed offers for the purchase of certain property situated in the River West Development Area until 9:00 a.m. (local time) on October 23, 2025 in the Office of the Department of Redevelopment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana, 46601. All offers will be publicly opened and read aloud at 9:30 a.m. (local time) on the October 23, 2025 at the Regular Meeting of the Redevelopment Commission to be held that date and time in the City Council Chambers located at 441 S. County-City Building, 227 West Jefferson Boulevard, South Bend, IN 46601, or in the event of cancellation or rescheduling, at the Redevelopment Commission’s subsequent regular meeting or rescheduled regular meeting held at a time and place given by public notice. Bid proposals for the purchase of the property offered will be considered. The property being offered is located at 152' ON PORTAGE BEG 197'S OF ELWOOD SEC 2-37-2E, Tax ID: 018-1094-394101, commonly known as 1335 Portage Ave. in the River West Development Area, South Bend, Indiana. Any proposal submitted must be for the site as noted on the Offering Sheet. The required re-use of the property is for projects that are permitted within the NC Neighborhood Center zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the River West Development Area and the surrounding businesses and neighborhood. A packet containing bid forms, the Offering Sheet and other pertinent information may be picked up at the Department of Community Investment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend, IN 46601. The Commission reserves the right to reject any and all bids, and to make the award to the highest and best bidder. In determining the best bid, the Commission will take into consideration the following: 1. The use of the improvements proposed to be made by each bidder on the property, and their compatibility with and support of the proposed re-use as described in the Offering Sheet; 2. Each bidder’s ability to improve the property with reasonable promptness; 3. Each bidder’s proposed purchase price; 4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the Development Plan for the River West Development Area and will best serve the interest of the community from the standpoint of human and economic welfare; and 5. The ability of each bidder to finance the proposed improvements to the property with reasonable promptness. The Commission further reserves the right to waive any formalities in bidding which are not mandatory requirements. A bid submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each: (A) beneficiary of the trust; and (B) settlor empowered to revoke or modify the trust. To secure the execution of the disposition agreement, the purchase of the property and the redevelopment thereof in accordance with the agreement, the bidder must submit with the proposal a faithful performance guaranty, in the sum of ten percent (10%) of the amount offered for the purchase of the property. The guaranty sum may be in the form of a certified check, a cashier’s check, surety bond, letter of credit from a bank or trust company as approved by the Redevelopment Commission, or by other sufficient security, but the form, substance and terms of the performance guaranty must be approved as satisfactory by the Redevelopment Commission. The performance guaranty, if by cashier’s or certified check, shall be deposited in any account of the Department of Redevelopment, City of South Bend, in a bank or trust company selected by the Redevelopment Commission. CITY OF SOUTH BEND, INDIANA DEPARTMENT OF COMMUNITY INVESTMENT Erin Michaels, Property Development Manager Publish Dates: October 3 and October 10, 2025 RESOLUTION NO. ____ RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ESTABLISHING THE OFFERING PRICE OF PROPERTY IN THE RIVER WEST DEVELOPMENT AREA WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the City of South Bend, Indiana, Department of Redevelopment, exists and operates pursuant to I.C. 36-7-14 (the “Act”); and WHEREAS, the Commission may dispose of real property in accordance with Section 22 of the Act; and WHEREAS, the real property identified at Exhibit A attached hereto and incorporated herein (the "Property") has been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of their appraisals is contained in the Commission’s files; and WHEREAS, each such appraisal has been reviewed by a qualified Redevelopment staff person, and no corrections, revisions, or additions were requested by such reviewer. NOW, THEREFORE, BE IT RESOLVED by the Commission, pursuant to Section 22 of the Act, that based upon such appraisals, the offering price of the Property described at Exhibit A is hereby established as stated therein, which amount is not less than the average of the two appraisals, and all documentation related to such determination is contained in the Commission’s files. IT IS FURTHER RESOLVED that all notices and other actions required by Section 22 of the Act be performed in order to effectuate the disposal of the Property. ADOPTED at a meeting of the South Bend Redevelopment Commission held on September 25, 2025 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ____________________________ Troy Warner, President ATTEST: ____________________________ Eli Wax, Secretary EXHIBIT A TO RESOLUTION NO. ____ Offering Sheet Property Size Minimum Offering Price Proposed Re-Use 152' ON PORTAGE BEG 197'S OF ELWOOD SEC 2-37-2E 018-1094-394101 71-08-02-101-004.000- 026 Commonly Known As 1335 Portage Ave Site: 0.37 acres $100,850.00 Projects that are permitted within the NC Neighborhood Center zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the goals and objectives of the River West Development Area and the surrounding businesses and neighborhood. South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 9/18/2025 FROM: Joseph Molnar – Assistant Director of Growth & Opportunity SUBJECT: Disposition of City-Owned Parcel at 1302 Elwood Ave (Elwood Shopping Center) 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: Begin Disposition Process of City-Owned Parcel at 1302 Elwood Ave Commonly Known as the Elwood Shopping Center SPECIFICS: The Redevelopment Commission (RDC) approved a purchase agreement on October 24th, 2024 to acquire the property located at 1302 Elwood Ave, commonly known as the Elwood Shopping Center, for the purposes of redevelopment for a new neighborhood. The attached three documents - Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be redeveloped and set the following conditions for a bid on the Property: - $907,000 minimum bid (average of two appraisals) - All bids will be due by 9:00am on October 23, 2025 and opened publicly at the RDC meeting on October 23, 2025 - During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION Bid Specifications & Design Considerations Sale of Redevelopment Owned Property Irreg par 20' S & 975 E NW 1/4 corn EX ROWs Sec 2-37-2e 21/22 ROW #1711 9/15/2020 Tax ID: 018-1094-3941/ Commonly Known As: 1302 Elwood Ave River West Development Area 1. All of the provisions of I.C. 36-7-14-22 will apply to the bidding process. 2. All offers must meet the minimum price listed on the Offering Sheet (page 7). 3. Proposals for redevelopment are required to be for projects that are permitted within the NC Neighborhood Center zoning designation. All proposals must conform to the existing zoning provisions as outlined in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. Proposals for the reuse of the property must include a basic reuse plan for the site and a project timeline detailing aspects of the site redevelopment and site improvements. During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River West Development Area. 4. Bidders are prohibited from the use of the property for speculation or land-holding purposes. 5. All other provisions of the River West Development Area Development Plan must be met. 11 Notice of Intended Disposition of Property RIVER WEST DEVELOPMENT AREA Irreg par 20' S & 975 E NW 1/4 corn EX ROWs Sec 2-37-2e 21/22 ROW #1711 9/15/2020Tax ID: 018-1094-3941 Commonly Known As: 1302 Elwood Ave South Bend, Indiana Notice is hereby given that the Redevelopment Commission of the City of South Bend, Indiana, will receive sealed offers for the purchase of certain property situated in the River West Development Area until 9:00 a.m. (local time) on October 23, 2025 in the Office of the Department of Redevelopment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana, 46601. All offers will be publicly opened and read aloud at 9:30 a.m. (local time) on the October 23, 2025 at the Regular Meeting of the Redevelopment Commission to be held that date and time in the City Council Chambers located at 441 S. County-City Building, 227 West Jefferson Boulevard, South Bend, IN 46601, or in the event of cancellation or rescheduling, at the Redevelopment Commission’s subsequent regular meeting or rescheduled regular meeting held at a time and place given by public notice. Bid proposals for the purchase of the property offered will be considered. The property being offered is located at Irreg par 20' S & 975 E NW 1/4 corn EX ROWs Sec 2-37-2e 21/22 ROW #1711 9/15/2020, Tax ID:018-1094-3941, commonly known as 1302 Elwood Ave. in the River West Development Area, South Bend, Indiana. Any proposal submitted must be for the site as noted on the Offering Sheet. The required re-use of the property is for projects that are permitted within the NC Neighborhood Center zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the River West Development Area and the surrounding businesses and neighborhood. A packet containing bid forms, the Offering Sheet and other pertinent information may be picked up at the Department of Community Investment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend, IN 46601. The Commission reserves the right to reject any and all bids, and to make the award to the highest and best bidder. In determining the best bid, the Commission will take into consideration the following: 1. The use of the improvements proposed to be made by each bidder on the property, and their compatibility with and support of the proposed re-use as described in the Offering Sheet; 2. Each bidder’s ability to improve the property with reasonable promptness; 3. Each bidder’s proposed purchase price; 4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the Development Plan for the River West Development Area and will best serve the interest of the community from the standpoint of human and economic welfare; and 5. The ability of each bidder to finance the proposed improvements to the property with reasonable promptness. The Commission further reserves the right to waive any formalities in bidding which are not mandatory requirements. A bid submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each: (A) beneficiary of the trust; and (B) settlor empowered to revoke or modify the trust. To secure the execution of the disposition agreement, the purchase of the property and the redevelopment thereof in accordance with the agreement, the bidder must submit with the proposal a faithful performance guaranty, in the sum of ten percent (10%) of the amount offered for the purchase of the property. The guaranty sum may be in the form of a certified check, a cashier’s check, surety bond, letter of credit from a bank or trust company as approved by the Redevelopment Commission, or by other sufficient security, but the form, substance and terms of the performance guaranty must be approved as satisfactory by the Redevelopment Commission. The performance guaranty, if by cashier’s or certified check, shall be deposited in any account of the Department of Redevelopment, City of South Bend, in a bank or trust company selected by the Redevelopment Commission. CITY OF SOUTH BEND, INDIANA DEPARTMENT OF COMMUNITY INVESTMENT Erin Michaels, Property Development Manager Publish Dates: October 3 and October 10, 2025 RESOLUTION NO. ____ RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ESTABLISHING THE OFFERING PRICE OF PROPERTY IN THE RIVER WEST DEVELOPMENT AREA WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the City of South Bend, Indiana, Department of Redevelopment, exists and operates pursuant to I.C. 36-7-14 (the “Act”); and WHEREAS, the Commission may dispose of real property in accordance with Section 22 of the Act; and WHEREAS, the real property identified at Exhibit A attached hereto and incorporated herein (the "Property") has been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of their appraisals is contained in the Commission’s files; and WHEREAS, each such appraisal has been reviewed by a qualified Redevelopment staff person, and no corrections, revisions, or additions were requested by such reviewer. NOW, THEREFORE, BE IT RESOLVED by the Commission, pursuant to Section 22 of the Act, that based upon such appraisals, the offering price of the Property described at Exhibit A is hereby established as stated therein, which amount is not less than the average of the two appraisals, and all documentation related to such determination is contained in the Commission’s files. IT IS FURTHER RESOLVED that all notices and other actions required by Section 22 of the Act be performed in order to effectuate the disposal of the Property. ADOPTED at a meeting of the South Bend Redevelopment Commission held on September 25, 2025 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ____________________________ Troy Warner, President ATTEST: ____________________________ Eli Wax, Secretary EXHIBIT A TO RESOLUTION NO. ____ Offering Sheet Property Size Minimum Offering Price Proposed Re-Use Irreg par 20' S & 975 E NW 1/4 corn EX ROWs Sec 2-37-2e 21/22 ROW #1711 9/15/2020 018-1094-3941 71-08-02-101-007.000- 026 Commonly Known As 1302 Elwood Ave. Site: 8.64 acres $907,000.00 Projects that are permitted within the NC Neighborhood Center zoning designation. Strong emphasis will be placed during the review process on compatibility with and support of the goals and objectives of the River West Development Area and the surrounding businesses and neighborhood. South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 9/22/25 FROM: Erik Glavich, Director, Growth & Opportunity SUBJECT: 2nd Amendment, Development Agreement (Great Lakes Capital) 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: Second Amendment to Development Agreement with Great Lakes Capital for the Madison Lifestyle District development project. SPECIFICS: On March 28, 2024, the Redevelopment Commission approved a Development Agreement with Great Lakes Capital for a large redevelopment project in downtown immediately south of Memorial Hospital. The project, known as the Madison Lifestyle District, is a historic and transformative development that requires significant coordination by the City, the Developer, and others involved the project. The Development Agreement established an 18-month period (the “Mutual Project Diligence” period) for the City and the Developer to work together through planning and other due diligence items. Through this Second Amendment to Development Agreement, t he City and the Developer both desire to extend the Mutual Project Diligence period to 24 months to March 28, 2026. (Note that the first amendment on August 22, 2024, corrected an inadvertent omission of a single parcel from references to the Project Property in certain portions of the Development Agreement.) _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION 1 SECOND AMENDMENT TO DEVELOPMENT AGREEMENT This SECOND AMENDMENT TO DEVELOPMENT AGREEMENT (this “Second Amendment”) is made and entered into to be effective as of September 25, 2025 (the “Effective Date”), by and between the City of South Bend, Department of Redevelopment, acting by and through its governing body, the South Bend Redevelopment Commission (the “Commission”), and Great Lakes Capital Development, LLC, an Indiana Limited Liability Company, with offices at 7410 Aspect Drive, Suite 100, Granger, IN 46530 (the "Developer") (each, a "Party," and collectively, the "Parties"). RECITALS A. The Parties entered into that certain Development Agreement dated effective March 28, 2024, as amended by a First Amendment to Development Agreement dated August 22, 2024 (collectively the “Development Agreement”), pertaining to certain local public improvements to renovate, rehabilitate, and activate the Project Property. B. Section 3.1(a) of the Development Agreement established that the Parties would cooperate in good faith to prepare, evaluate, and agree on a planning schedule regarding various aspects of the Project and established a Mutual Project Diligence period of eighteen (18) months. C. The Parties continue to engage in Mutual Project Diligence and believe that extending the Mutual Project Diligence period to twenty-four (24) months is necessary and in the best interests of both Parties due to unforeseen circumstances. D. The Parties now desire to amend the Development Agreement as set forth herein. AGREEMENT NOW, THEREFORE, in consideration of these premises, and the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Developer and the Commission hereby agree as follows: 1. Recitals. The recitals set forth above, including each and every recital contained therein, are incorporated into and made a part of this Second Amendment as though fully set forth herein. 2. Amendment. The Development Agreement is hereby amended as follows: In Section 3.1(a), the second sentence, which states: “The Mutual Project Diligence shall be completed no later than eighteen (18) months from the Effective Date.” shall be deleted in its entirety and replaced with the following: “The Mutual Project Diligence shall be completed no later than twenty-four (24) months from the Effective Date.” Docusign Envelope ID: BCAEB94D-EB92-4F17-BE86-8975C79266F2 2 3. Entire Agreement; Conflict. Except as otherwise stated herein, all other terms, conditions and agreements contained in the Development Agreement remain unmodified and in full force and effect. To the extent a conflict exists between the terms of this Second Amendment and the Development Agreement, the terms of this Second Amendment shall control. Capitalized terms used in this Second Amendment will have the meanings set forth in the Development Agreement unless otherwise stated herein. 4. Counterparts; Electronic or Facsimile Transmission. This Second Amendment may be executed in counterparts which, when combined, shall constitute one instrument. The electronic or facsimile transmission of a signed counterpart of this Second Amendment shall be binding upon the party whose signature is contained on the transmitted copy. Signature Page Follows Docusign Envelope ID: BCAEB94D-EB92-4F17-BE86-8975C79266F2 3 IN WITNESS WHEREOF, the Parties have executed this Second Amendment to Development Agreement to be effective as of the Effective Date set forth above. SOUTH BEND REDEVELOPMENT COMMISSION ______________________________ Troy Warner, President ATTEST: ______________________________ Eli Wax, Secretary GREAT LAKES CAPITAL DEVELOPMENT LLC ______________________________ Bradley J. Toothaker, Manager Docusign Envelope ID: BCAEB94D-EB92-4F17-BE86-8975C79266F2 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 9/23/25 FROM: Erik Glavich, Director, Growth & Opportunity SUBJECT: Parking Lease Agreements (Jefferson Centre Associates LLC) & Property Transfer Agreement (300 North Michigan Associates LLC & Great Lakes Capital) 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: Two Parking Lease Agreements to provide parking at the Leighton Garage for tenants of the Jefferson Centre Building (105 W. Jefferson Blvd.) and a Property Transfer Agreement to transfer ownership of a parcel located at 333 N. Dr. Martin Luther King Jr. Blvd. SPECIFICS: In March 2024, the Commission entered into Development Agreements with Great Lakes Capital (GLC) and Beacon Health System/Memorial Hospital (Beacon) to advance the Madison Lifestyle District—a transformative and historic $102 million redevelopment initiative in downtown South Bend. Concurrently, the Commission, GLC, and Beacon executed a three-party real estate purchase agreement to facilitate the transfer of key parcels from Beacon to GLC. Under the terms of these agreements, the Commission retains an option to acquire the parcels from GLC should the company fail to meet its contractual obligations. At the time of execution, one critical parcel (333 N. Dr. Martin Luther King Jr. Blvd.) was not owned by Beacon and therefore excluded from the purchase agreement. This parcel, which is currently a 27-space surface parking lot, is owned by 300 North Michigan Associates LLC, which shares common ownership with the entity that owns the Jefferson Centre Building, located at the corner of E. Jefferson Blvd. and S. Michigan St. The Jefferson Centre Building lost access to reserved parking following the demolition of the garage across from the Century Center in the early 2000s and the subsequent construction of the Courtyard by Marriott hotel on the surface parking lot that replaced the garage. Despite this challenge, the building’s owner has consistently maintained the property and contributed to the vitality of downtown through street-level commercial tenancy. The building remains a key asset along the S. Michigan corridor, and future rehabilitation efforts on surrounding blocks will enhance commerce and social engagement in the area. Unfortunately, though, the loss of reserved parking for Jefferson Centre has hampered the owner’s efforts to lease the property over the years. To address this issue and unlock the full potential of the Madison Lifestyle District, the Commission is asked to consider three interrelated agreements. Upon execution, these agreements will result in the transfer of 333 N. _________________________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 Dr. Martin Luther King Jr. Blvd. to GLC in exchange for long-term parking accommodations at the roughly 640- space Leighton Garage, located west of Jefferson Centre across S. Michigan Street. 1. 75-Year Parking Lease Agreement: The Commission would lease 27 standard reserved parking spaces in the Leighton Garage at no charge to the owner of the Jefferson Centre Building for a term of 75 years to essentially replace the parking spaces at 333 N. Dr. Martin Luther King Jr. Blvd. Should the Leighton Garage become unusable during the lease term, the Commission would provide equivalent parking in a nearby City-owned facility (if available) or pay liquidated damages. The lease requires the owner to remain in good standing with the City, and the spaces may only be used by Jefferson Centre tenants and guests. 2. 30-Year Parking Lease Agreement: A second lease agreement would provide 53 standard reserved parking spaces in the Leighton Garage at no charge to the owner of the Jefferson Centre Building for a term of 30 years. Other terms of this 30-year lease are equivalent to those in the 75-year lease. 3. Property Transfer Agreement, 333 N. Dr. Martin Luther King Jr. Blvd.: Upon execution of the parking lease agreements, the parcel will be transferred to GLC, thereby completing the land assembly required for the Madison Lifestyle District. This agreement also secures an exclusive option for the Commission to purchase the parcel for $1 should GLC fail to fulfill its obligations under the March 2024 Development Agreement. Securing 333 N. Dr. Martin Luther King Jr. Blvd. is essential to realizing the full vision of the Madison Lifestyle District. Moreover, these agreements offer a meaningful opportunity to support the continued economic viability of the Jefferson Centre Building and the S. Michigan corridor. 1 2 3 4 5 6 7 A-1 B-1 B-2 ________ __________ _________________ B-3 ________________ _________________ ______________ _____________ C-4 C-5 C-6 C-7 C-8 C-9 C-10 D-1 D-2 D-3 D-4 D-5 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 9/22/25 FROM: Joseph Molnar, Assistant Director of Growth & Opportunity SUBJECT: Fifth Amendment to Real Estate Purchase Agreement for The Monreaux 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: Extending the Timeframe for former Fat Daddy’s Site Purchase Agreement SPECIFICS: This Fifth Amendment to the Real Estate Purchase Agreement between the Redevelopment Commission and The Monreaux, LLC would extend the contingency date to November 30, 2025. On July 14, 2022, the Commission approved a Purchase Agreement with Devereaux Peters for the sale of the site for a Low- Income Housing Tax Credit Project. The project was awarded tax credits as part of the fall 2023 period. The agreement has been amended several times to extend the contingency date. In preparation for closing The Monreaux, LLC has been finalizing the overall financing for the project. The anticipated financial closing date is set for mid-October 2025. This Fifth Amendment would take into consideration the additional time needed for the financial closing, which would be the last step needed to close on the property and transfer ownership from the RDC. The Fifth Amendment also updates the Default language in the Agreement, placing the stipulation that if the Buyer does not close on all financing necessary for the construction of the full project, the RDC shall have the right to reenter and take possession of the Property. Staff requests approval of this Amendment. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION