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HomeMy WebLinkAbout5A5 Budget Request (Improvement of RDC Owned Properties) - SignedSouth Bend f Redevelopment ela ment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana • !k �i ! I••w !. DATE: April 3, 2026 FROM: Joseph Molnar, Deputy Director of Community Investment SUBJECT: Budget Request for RDC Property Improvements Funding Source* (circle) 6ver West: er East; South Side; Dou Pres/V-Pres i0wiuni55iCY1� ATTEST• Date: 1 1 0 RAPPROVED ❑ Not Approved SOUTH BEND REDEVELOPMENT COMMISSION West Washin ton; RDC General: Riv. East Res. " Funds are subject to the Cit er'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 RE UEST: Budget request to provide funds for improvements of RDC owned properties SPECIFICS: The RDC is the owner of several buildings within the River West TIF which have active leases. Those buildings include the Leighton Building, Union Station, and the Main/Wayne Parking Garage. The requested budget of $50k would be to provide improvements to those buildings over the course of 2026 to ensure the leased spaces are safe and secure. These funds are needed for the RDC to meet its obligations as a lessor in those agreements as well as enhancing local public improvements. All funds would be expended in RDC-owned buildings with active tenants. Improvements will include such items as improved ADA accessibility and restroom facilities. Staff recommends approval.