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HomeMy WebLinkAbout5A3 Memo - Drewrys (1408 Elwood Ave) - SignedSouth Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DAT E : 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 September 25, 2025 