HomeMy WebLinkAbout5A1 Certificate of Completion (Panaderia Y Supermercado) - SignedSouth Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE: 11/4/2025
FROM: Jospeh Molnar – Assistant Director of Growth &
Opportunity
SUBJECT: Certificate of Completion – Panaderia Y Super
Mercado
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: Issue Certificate of Completion for Panaderia Y Super Mercado
SPECIFICS: On July 8, 2021, the RDC and Panaderia Y Supermercado entered into a Real Estate Purchase
Agreement (the “Agreement”) for property located at 2401 W Western Ave in order to build a new grocery store.
Panaderia Y Supermercado have completed construction of the new grocery store and has performed all of the
Buyer’s Post-Closing Development Obligations as required under the Purchase Agreement and provided the
appropriate documentation.
-Within Fourty-Four (44) Months after Closing expend no less than $1,000,000 on improvements to the
site
o Panaderia Y Supermercado expended greater than $1,000,000 on improvements to the site and
have provided documentation demonstrating the expenses.
-Commence Construction within Thirty-Two Months of Closing Date
o Panaderia Y Supermercado began and completed construction within Thirty-Two (32) months of
Closing Date
-Develop a grocery store of no less than 10,000 SF in area
o Panaderia Y Supermercado has completed construction of a new grocery store greater than
10,000 SF in area and has a Certificate of Occupancy from the Building Department
-Develop at least two additional commercial and/or office spaces
o Panaderia Y Supermercado has developed two commercial spaces in addition to the grocery
store
-Employ a minimum of Twenty-Five (25) full-time employees
o Panaderia Y Supermercado employes a minimum of 25 full-time employees
Staff requests approval.
_________________________Pres/V-Pres
ATTEST: __________________V-President
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
November 13, 2025
CROSS REFERENCE:
Document No.2021-31859, recorded September 14, 2021
CERTIFICATE OF COMPLETION
This Certificate of Completion (this “Certificate”) is issued on November 13, 2025, by the
City of South Bend, Indiana, Department of Redevelopment, acting by and through its governing
body, the South Bend Redevelopment Commission (the “Commission”), pursuant to that certain
Real Estate Purchase Agreement by and between the Commission and Panaderia Y Supermaercado
San Miguel, Inc. (the “Buyer”), dated July 8, 2021, as amended (the “Agreement”).
The Commission states as follows:
1.Pursuant to the Agreement, the Commission conveyed to the Buyer the real
property described in attached Exhibit A (the “Property”) by the special warranty deed recorded
on September 14, 2021 as Document No. 2021-31859 in the Office of the Recorder of St. Joseph
County, Indiana (the “Deed”).
2.Section 11 of the Agreement established certain obligations of the Buyer following
its acceptance of the Deed from the Commission (the "Buyer’s Post-Closing Development
Obligations"). The Commission hereby acknowledges and affirms that the Buyer has performed
all of the Buyer’s Post-Closing Development Obligations as required under the Agreement and
has provided satisfactory evidence of the same.
3.This Certificate will serve as a conclusive determination of the Buyer’s satisfaction
of the Buyer’s Post-Closing Development Obligations and, upon recordation, will constitute a full
release of the Commission’s reversionary interest in the Property established under the Deed and
Section 11 of the Agreement.
4.This Certificate does not amend or otherwise alter the Agreement, and this
Certificate shall be binding upon the Commission and its successors and assigns and shall inure to
the benefit of the Buyer and her successors in interest.
[Signature page follows.]
ATTEST:
David Relos, Vice President
ST A TE OF INDIANA ST.
JOSEPH COUNTY
)
) SS:
)
SOUTH BEND
REDEVELOPMENT COMMISSION
Troy Warner, President
Before me, the undersigned, a Notary Public, in and for said County and State, personally
appeared Troy Warner and David Relos, known to me to be the President and Vice President,
respectively, of the South Bend Redevelopment Commission and acknowledged the execution of
the foregoing Certificate of Comple tion.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official
seal on the 13th da y of November 2025.
LAURA D. HENSLEY Notary Public -Seal St Joseph County - State of Indiana Commission Number NP0732150 My Commission Expires Mar 3, 2029
My Commission Expires:
Not ry Public
Re 1ding in St. Joseph County, I I affinn, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law. Isl 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.
EXHIBIT A
Description of Property
Tax ID No. 018-4096-357902
Parcel Key Number: 71-08-10-180-044.000-026
Legal Description: 101.5 X 444.1' Ex S Part of Singer Tract 3 and ROW Sec 10-37-2E 19/20
#ROW 558 2/28/2018 11/12 split to City of SB for street 6580WD 9-13-10
Commonly known as: 2401 W WESTERN AVE