HomeMy WebLinkAboutRedevelopment Commission Agenda & Packet 05.28.26 - FinalSouth Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Agenda
Regular Meeting
May 28, 2026 – 9:30 a.m.
City Hall Council Chambers 3rd Floor or via:
https://tinyurl.com/RDC2025-2026-Meetings
Meeting Recording Link: https://tinyurl.com/RDC-Meeting-Recordings
1. Roll Call
• Dave Relos, Vice President – (Mayor) December 2025 to December 2026
• Eli Wax, Secretary – (Mayor) February 2025 to December 2027
• Gillian Shaw, Commissioner – (Mayor) November 2024 to January 2026
• Ophelia Gooden-Rodgers, Commissioner – (Council) February 2025 to December 2027
• Marcus Ellison, Non-Voting Advisor – (School Board) February 2025 to December 2026
2. Election of Officers
3. Approval of Minutes
A. Minutes of the Regular Meeting of May 14, 2026
4. Approval of Claims
A. Claims Allowance May 19, 2026
5. Old Business
A. None
6. New Business
A. River West Development Area
1. Fourth Amendment to Development Agreement (Great Lakes Capital,
Madison Lifestyle District)
B. River West, River East, South Side, Douglas Road, River East Residential
1. Budget Request (Professional Services TIF District Management)
C. Administrative
1. Resolution No. 3671 (Determining Tax Increment Collected 2027)
7. Progress Reports
A. Tax Abatement
B. Common Council
C. Other
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Page | 2
8. Next Commission Meeting
Thursday, June 11, 2026, 9:30 a.m. at Council Chambers, Room 301
9. Adjournment
NOTICE
FOR HEARING AND SIGHT IMPAIRED PERSONS
Auxiliary Aid or Other Services are Available upon Request at No Charge. Please Give
Reasonable Advance Request when Possible.
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Minutes
Regular Meeting
May 14, 2026 – 9:30 a.m.
City Hall Council Chambers 3rd Floor or via:
https://tinyurl.com/RDC2025-2026-Meetings
Meeting Recording Link: https://tinyurl.com/RDC-Meeting-Recordings
The South Bend Redevelopment Commission was called to order at 9:30 a.m.
President Troy Warner presiding.
1. ROLL CALL
Members Present: Troy Warner, President
Dave Relos, Vice President
Gillian Shaw, Commissioner
Ophelia Gooden-Rodgers, Commissioner
Marcus Ellison, Non-Voting Advisor
Members Absent: Eli Wax, Secretary
Legal Counsel: Sandra Kennedy, Corporation Council
Danielle Campbell Weiss, Senior Asst. City Attorney
Redevelopment Staff: Darryl Scott, Chief of Staff, Mayor’s Office
Joseph Molnar, Deputy Director, DCI
Erik Glavich, Director of Growth and Opportunity, DCI-
Virtual
Lewis Kouassi, Director of Finance, DCI
Erin Michaels, Property Development Manager, DCI
Elizabeth Maradik, Director of Neighborhoods
Allison Doctor, Project Manager, DCI-Virtual
Laura Hensley, Board Secretary, DCI
Attending: James Tuesley, Barnes & Thornburg
Matt Wetzel, MAW Brokerage, LLC
Marco Mariani, South Bend Heritage Foundation
Hodge Patel, 904 E. Jefferson Blvd.
Kathy Schuth, Near Northwest Neighborhood Inc.
Tina Patton, 707 Sherman Ave.
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 14, 2026
Page | 2
Matt Barrett, 110 S. Niles Ave.
2. Approval of Minutes
A. Approval of Minutes of the Regular Meeting of Thursday, April 23, 2026
Upon a motion by David Relos for approval, second by Ophelia Gooden-
Rodgers, the motion carried unanimously; the Commission approved the
minutes of the regular meeting of April 23, 2026.
3. Approval of Claims
A. Claims Allowances May 5, 2026
Upon a motion by Ophelia Gooden-Rodgers for approval second by David
Relos, the motion carried unanimously; the Commission approved the
claims allowances of May 5, 2026.
4. Old Business
A. None
5. New Business
A. River West Development Area
1. Opening of Bids (821 Portage Ave. & 808 Cushing St.)
Erin Michaels, Property Development Manager, stated we received no
bids prior to the deadline for the disposition process, and we are in a 30-
day waiting period that ends on June 13, 2026 prior to entering into any
negotiations.
2. Purchase Agreement (23931-23977 Brick Rd.)
Erin Michaels, Property Development Manager, presented the proposed
sale of real property located at 23931–23977 Brick Road. These four
parcels are situated on the northwestern edge of the city and are
currently vacant, consisting of open grassy land.
The proposed buyer is MAW Brokerage LLC. Their representative, Matt
Wetzel, is present today and available to answer any project-specific
questions. The proposed purchase price is $25,000 for all four parcels,
with a 120-day due diligence period and a closing deadline of 60 days
thereafter.
The project includes a minimum total investment of $1.8 million for the
development of leasable industrial commercial flex space. The
development will occur in two phases. Phase One will consist of a $1
million investment to construct an 8,000-square-foot building on the
eastern parcels. Phase Two will include an $800,000 investment for a
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 14, 2026
Page | 3
6,000 square-foot building on the western parcel. The concept plans
shown here are preliminary and intended to provide a general sense of
the proposed layout and design.
Regarding the construction timeline, Phase One must begin within 18
months of closing and be completed by 24 months. Phase Two must
begin 36 months and be completed 48 months after closing. Upon
completion of each phase, and confirmation that all commitments have
been met, staff will return to the Commission with a Certificate of
Completion for approval.
Ms. Michaels also explained that light industrial flex space is a gap in the
City’s current real estate portfolio. We frequently receive requests from
small businesses and startups seeking to lease smaller-scale industrial
space—often just a few thousand square feet. However, most available
industrial or warehouse properties in the city are significantly larger,
typically ranging from several thousand to over 10,000 square feet,
which exceeds their needs.
Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by
David Relos, the motion carried unanimously; the Commission approved
the Purchase Agreement as presented on May 14, 2026.
3. Development Agreement (Tri-Day Development)
Joseph Molnar, Deputy Director of Community Investment, presented
the first of two agreements with trusted local partners. The first
agreement is with South Bend Heritage for the proposed Tri-Day
development. The site is located south of the future New Day Intake
Center on a larger parcel that was not fully needed for that project. The
Commission previously approved a purchase agreement in July 2025,
contingent on South Bend Heritage receiving Low-Income Housing Tax
Credits (LIHTC), which were awarded in November 2025.
The development agreement requires a minimum of 42 units, including
32 income-based units and 10 permanent supportive housing units.
South Bend Heritage will invest approximately $13.7 million in private
funding. The City will commit up to $4.6 million for infrastructure
improvements, including roads, sewer, and water utilities. Current
estimates are approximately $3.5 million, with remaining funds
providing contingency or returning to the TIF if unused. Construction
must begin within 10 months of closing, with closing expected by the end
of 2026, and completion anticipated within 30 months.
Mr. Molnar noted this is the City’s eighth LIHTC award since 2023—
compared to none from 2013–2023—totaling 649 affordable units
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 14, 2026
Page | 4
citywide. The Tri-Day project concept is similar in scale and design to the
recently completed South Bend Thrive development, with final site
layout still under review.
Marco Mariani, Executive Director of the South Bend Heritage
Foundation, thanked the Commission and City staff for their support,
noting the project has been in development for approximately three
years with multiple community partners.
He provided an overview of financing, including partnerships with
National Equity Fund (NEF), 1st Source Bank, and other potential tax
credit investors. He noted current challenges with tax credit pricing but
expressed confidence in closing financing this summer.
Mr. Mariani emphasized the importance of coordinating infrastructure
work with construction timelines. The project is expected to begin
construction following closing, with an estimated 18-month buildout and
completion targeted for mid-2028.
Vice President Relos asked for clarification that the project would
include 10 permanent supportive housing (PSH) units, with the
remaining units serving households at varying AMI levels (40%, 50%, and
60%). Mr. Mariani stated that the development will utilize income
averaging, allowing up to 20 units to serve households earning up to 80%
AMI, while maintaining a project-wide average of 60% AMI. This
approach expands access to a broader range of households while
maintaining affordability.
Mr. Mariani confirmed anticipated coordination with the New Day
Intake Center and service providers, noting alignment with the broader
continuum of care to support residents transitioning to permanent
housing.
Commissioner Shaw had questions regarding project risks and timeline,
Mr. Mariani noted ongoing coordination with City staff and identified
key variables such as construction bids and tax credit pricing. Bids are
expected within 60–90 days, with financing commitments anticipated
within approximately 90 days. South Bend Heritage will serve as
developer, general contractor, and property manager, prioritizing use of
local subcontractors. Staff will be updated regularly as the project
advances toward closing by year-end.
President Warner thanked staff and Mr. Mariani for their work and
spoke in favor of the project.
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 14, 2026
Page | 5
Upon a motion by David Relos for approval, seconded by Gillian Shaw,
the motion carried unanimously; the Commission approved the
Development Agreement as presented on May 14, 2026.
4. Purchase Agreement (Scott St. NNN)
Joseph Molnar, Deputy Director of Community Investment, presented
the second agreement with a trusted local partner, this time with Near
Northwest Neighborhood, Inc. (NNN), for a housing project on Scott St.
The proposal includes the sale of City-owned, vacant parcels (acquired in
2024) located near Lincoln Way West, Madison, and Leland Streets. The
project complements nearby developments by Advantix and Allen
Edwin, which are currently under construction and expected to deliver
new affordable and workforce housing units.
NNN, a longstanding community development partner, proposes
construction of at least 11 income-based housing units with a total
investment of approximately $3 million. The purchase price is $1,000,
contingent upon NNN securing Federal Home Loan Bank Affordable
Housing Program (AHP) funding. If funding is not awarded, the
agreement will be terminated, and the City will retain ownership.
The closing deadline is the end of 2027 to allow the NNN to apply for
multiple AHP funding cycles if needed. Construction must begin within
12 months of closing and be completed within 36 months thereafter.
Kathy Schuth, Executive Director of the Near Northwest Neighborhood
Inc. expressed appreciation for the City’s partnership and noted the
project builds on land strategically assembled by the Redevelopment
Commission. She stated the proposal will deliver for-sale, income-based
housing, including a mix of detached homes and townhouse-style units
designed to reflect neighborhood character while improving
affordability through construction efficiencies.
Ms. Schuth outlined financing through the Federal Home Loan Bank
Affordable Housing Program, in partnership with 1st Source Bank, along
with additional local funding support. She noted the City’s land
contribution strengthens the project’s competitiveness.
NNN plans to apply for funding in June, with award announcements
expected in November. If awarded, closing would occur shortly
thereafter, with construction anticipated to begin in spring 2027. If
unsuccessful, NNN intends to reapply in a subsequent funding cycle.
Councilmember Canneth Lee spoke in favor of this project.
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 14, 2026
Page | 6
Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by
David Relos, the motion carried unanimously; the Commission approved
the Purchase Agreement as presented on May 14, 2026.
5. Assignment of Indemnity Rights (Oliver Park Site, Lot 7)
Sandra Kennedy, Corporation Counsel for the City of South Bend,
presented an assignment of environmental indemnity rights related to a
former Studebaker site. She provided background on the City’s
acquisition and environmental remediation of the Studebaker properties
in the 2000s and noted that the City issued indemnities to prior buyers
for pre-existing environmental conditions. The site, which includes
groundwater monitoring, has been remediated but not yet fully closed.
The original transaction closed in 2009 and allowed for assignment of
indemnity rights to future owners until site closure. The current request
seeks approval to assign those rights in accordance with the original
agreement. Legal counsel has reviewed the document, but the parties to
the sale have not yet signed off on it. Ms. Kennedy stated that any
material changes to the document will be returned to the Commission
for approval.
Vice President Relos asked which parcel is being referenced and who is
the current tenant and what is the status of IDEM closure for the site?
James Tuesley, with Barnes & Thornburg explained the parcel is the
former Underground Pipe and Valve site, which was sold to Ferguson
Enterprises in 2016. Ferguson Enterprises continues to lease the
property.
President Warner asked what is the status of IDEM closure for the site?
Ms. Kennedy stated the IDEM closure is still in progress and is expected
to take several more years due to ongoing groundwater monitoring
requirements. The City is actively working toward closure. Once closure
is achieved, the environmental indemnity will automatically terminate.
Vice President Relos raised a concern regarding the condition of
entrance signage and landscaping at a nearby site, noting ongoing
maintenance issues and recent damage. Mr. Molnar acknowledged the
concern, explaining that maintenance responsibility was intended to fall
under a business association that was never formally established. While
another entity has been providing some upkeep, staff agreed to review
the conditions and follow up as needed.
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 14, 2026
Page | 7
Upon a motion by David Relos for approval, seconded by Gillian Shaw,
the motion carried unanimously; the Commission approved the
Assignment of Indemnity Rights as presented on May 14, 2026.
B. Administrative
1. Resolution No. 3669 (Appointing Authorized Representatives To
Conduct Certain Administrative Acts Relating To Commission Real
Property and Security Interests)
Joseph Molnar, Deputy Director of Community Investment, presented
both Resolution Nos. 3669 and 3670 together authorizing resolutions to
streamline management of RDC-owned property. He explained that the
resolutions update signing authority for RDC-approved actions by
assigning authority to staff positions rather than individual names,
reflecting recent staff turnover. The authorized positions include the
Executive Director of Community Investment, Deputy Director,
Assistant Director of Growth and Opportunity, and Property
Development Manager.
Mr. Molnar noted one material change from prior versions: the addition
to Resolution No. 3669 of authority for staff to execute mortgage lien
releases when liens have been fully satisfied. All other provisions,
including contract thresholds for services such as appraisals and
subdivisions in Resolution No. 3670, remain unchanged.
Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by
David Relos, the motion carried unanimously; the Commission approved
Resolution No. 3669 as presented on May 14, 2026.
2. Resolution No. 3670 (Setting Procedures For Contracts For Property
Related Services)
Upon a motion by Gillian Shaw for approval, seconded by David Relos,
the motion carried unanimously; the Commission approved Resolution
No. 3670 as presented on May 14, 2026.
6. Progress Reports
A. Tax Abatement
Joseph Molnar, Deputy Director of Community Investment, noted that tax
abatement compliance filing season is underway, with property owners
submitting required reports demonstrating fulfillment of their
commitments. Erik Glavich, Director of Growth and Opportunity, is
currently reviewing all submissions.
B. Common Council
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 14, 2026
Page | 8
President Warner stated that they have started working on the 2027
budgets.
C. Other
Joseph Molnar, Deputy Director of Community Investment, gave updates
on the following.
• St. Margaret’s House groundbreaking scheduled in June.
Lastly, President Warner announced that this was his last meeting serving
as a Commissioner on the RDC. Everyone thanked him for his 6 ½ years of
service and wished him well in his new position.
7. Next Commission Meeting
Thursday, May 28, 2026, 9:30 a.m., City Hall Council Chambers 3rd Floor
8. Adjournment
Thursday, May 14, 2026, 10:18 a.m.
______________________________, ______________________________,
Secretary President
City of South Bend
Department of Administration & Finance
Claims Allowance Request
To:South Bend Redevelopment Commission
From:Kyle Willis, City Controller
Date:Tuesday, May 19, 2026
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-0136010 $256,112.34
GBLN-0136581 $4,800.00
GBLN-0136605 $487,951.54
Total:$748,863.88
_______________________________
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:
Attest:_______________________________
Name:
V-00001012
Payment method:
Voucher:
Payment date:
Vendor#
V-00001059
Payment method:
Voucher:
Payment date:
Vendor#
V-00001550
V-00001550
V-00001550
Payment method:
Voucher:
Payment date:
Vendor#
V-00003121
LOCH MUELLER
GROUP INC 821168
CHK-Total
RDCP-00048219
5/12/2026
Name
MAY OBERFELL
& LORBER
CHK-Total
RDCP-00048220
5/12/2026
Name
SOUTH BEND
PUBLIC
TRANSPORT ATI
ON
SOUTH BEND
PUBLIC
TRANSPORTATI
ON
SOUTH BEND
PUBLIC
TRANSPORTATI
ON
CHK-Total
RDCP-00048221
5/12/2026
Name
THK Law, LLP
Invoice#
150510
Invoice#
10111
10101
10101
Invoice#
38
Riverfront West -Amendment #2 Engineering Services -
Boundary Survey
Line description
Legal Services -Bankruptcy Litigation
Line description
485113 -Bus and Other Motor Vehicle Transit Systems
Passes for Goodwill
Passes for Goodwill
Line description
Legal Services -300 E. Lasalle/ CCD
5/22/2026
Due date
5/21/2026
Due date
3/15/2026
2/13/2026
2/13/2026
Due date
3/29/2026
$3,640.72
324-10-102-121-431005-
PROJ00000605
Invoice amount Financial dimensions
$6,572.50 324-10-102-121-431001--
Invoice amount Financial dimensions
433-10-102-123-439300--
($1,500.00) PROJ00000383
433-10-102-123-439300--
$5,500.00 PROJ00000383
$1,500.00 433-10-102-123-439300--
Invoice amount Financial dimensions
$2,930.62 429-10-102-121-431001--
PO-0036167
Purchase order
PO-0043801
Purchase order
PO-0043298
Purchase order
PO-0029493
Expenditure approval
RDC Payments-5/19/26 Pymt Run
GBLN-0136605
Payment method: ACH-Total
Voucher: RDCP-00048615
Payment date: 5/19/2026
Vendor# Name
ABONMARCHE
CONSULTANTS
V-00000019 OF IN
ABONMARCHE
CONSULTANTS
V-00000019 OF IN
ABONMARCHE
CONSULTANTS
V-00000019 OF IN
Payment method: CHK-Total
Voucher: RDCP-00048616
Payment date: 5/19/2026
Vendor# Name
AMERICAN
STRUCTUREPOI
V-00000107 NT INC
AMERICAN
STRUCTUREPOI
V-00000107 NT INC
Payment method: CHK-Total
Voucher: RDCP-00048617
Payment date: 5/19/2026
Vendor# Name
DLZ IN DIANA
V-00000472 LLC
DLZ IN DIANA
V-00000472 LLC
Invoice#
163731
163737
163106
Invoice#
204191
204314
Invoice#
609871
609852
Line description
Rabbi Shulman Demolition PSA
Abonmarche Design Services - Amendment #3
Abonmarche Design Services - Amendment #1
Line description
Leighton Renovation PSA 2
Market District Preliminary Engieering
Line description
Stu debaker HVAC Design
10% site design
Due date
5/27/2026
5/27/2026
4/17/2026
Due date
5/23/2026
5/27/2026
Due date
5/29/2026
5/28/2026
Invoice amount Financial dimensions
324-10-102-121-444000--
$2,500.00 PROJ00000440
430-10-102-121-431002--
$7,825.00 PROJ00000623
429-10-102-121-431002--
$39,500.00 PROJ00000683
Invoice amount Financial dimensions
$34,326.25
324-10-102-121-443001-
PROJ00000579
429-10-102-121-431002--
$201,066.50 PROJ00000526
Invoice amount Financial dimensions
324-10-102-121-431000--
$6,625.00
$43,875.00
PROJ00000744
429-10-102-121-431 OOO-
PROJ00000733
Purchase order
PO-0037945
PO-0039235
PO-0041079
Purchase order
PO-0040200
PO-0029308
Purchase order
PO-0042714
PO-0042716
Payment method:
Voucher:
Payment date:
Vendor#
V-00000476
Payment method:
Voucher:
Payment date:
Vendor#
V-00001471
Payment method:
Voucher:
Payment date:
Vendor#
V-00001743
Payment method:
Voucher:
Payment date:
Vendor#
V-00003094
CHK-Total
RDCP-00048618
5/19/2026
Name
DONOHUE&
ASSOCIATES
CHK-Total
RDCP-00048619
5/19/2026
Name
SELGE
CONSTRUCTIO
Invoice#
1469650
Invoice#
N CO INC APP #5
CHK-Total
RDCP-00048620
5/19/2026
Name
US BANK
CHK-Total
RDCP-00048621
5/19/2026
Name
ST JOSEPH
COUNTY
HEALTH
Invoice#
8160581
Invoice#
DEPARTMENT 260027
Line description
South Well field, WTP & Pressure Zone Improvements
Line description
Potawatomi Park Improvements Phase 1 -Wall St at
Greenlawn CN 124-023B
Line description
US Bank Trustee Fees
Line description
Wellhead Protection Permit
Due date
2/1/2026
Due date
4/30/2026
Due date
5/24/2026
Due date
4/22/2026
Invoice amount Financial dimensions
$2,287.36 430-10-102-121-431002--
Invoice amount Financial dimensions
$136,551.01
429-10-102-121-431002-
PROJ00000554
Invoice amount Financial dimensions
324-10-102-121-438300-
$1,650.00 DS0135-
Invoice amount Financial dimensions
$150.00
430-10-102-121-431002-
PROJ00000623
Purchase order
Purchase order
Purchase order
Purchase order
PO-0043773
PO-0038191
RESOLUTION NO. 3671
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
DETERMINING THAT THE TAX INCREMENT WHICH MAY BE COLLECTED IN
THE YEAR 2027 IS NEEDED TO SATISFY OBLIGATIONS OF THE COMMISSION
AND THAT NO EXCESS ASSESSED VALUE MAY BE ALLOCATED TO THE
RESPECTIVE TAXING UNITS AND OTHER RELATED MATTERS
WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the
governing body of the South Bend, Indiana, Department of Redevelopment (the "Department")
and of the Redevelopment District of the City of South Bend, Indiana (the ''Redevelopment
District"), exists and operates under the provisions of IC 36-7-14, as amended from time to time
(the "Act"); and
WHEREAS, the Commission has previously adopted resolutions, which have been
amended from time to time, declaring various portions of the City of South Bend to be economic
development areas or redevelopment areas within the meaning of the Act (the "Areas") and
designated territory within such Areas as allocation areas (the "Allocation Areas") under Section
39 of the Act, which Allocation Areas are listed in Exhibit A attached hereto; and
WHEREAS, the Commission, in accordance with the Act, has previously established an
allocation fund for each of the Allocation Areas (the "Allocation Funds"); and
WHEREAS, Section 39 of the Act requires the Commission to determine the amount, if
any, by which the assessed value of the taxable property in the Allocation Areas for the most
recent assessment date minus the base assessed value, when multiplied by the estimated tax rate
of the respective Allocation Areas, will exceed the amount of assessed value needed to produce
the property taxes necessary to make, when due, principal and interest payments on bonds
payable from the Allocation Fund, plus the amount necessary for other purposes described in
Section 39 of the Act; and
WHEREAS, Section 39 of the Act requires the Commission to provide to the St. Joseph
County Auditor (who is required to forward the notice to the Department of Local Government
Finance), the Common Council, and the fiscal officers for each taxing unit located wholly or
partly within the respective Allocation Areas written notice stating (i) the amount, if any, of
excess assessed value that the Commission has determined may be allocated to the respective
taxing units in the manner prescribed in Section 39 of the Act, or (ii) that the Commission has
determined that there is no excess assessed value that may be allocated to the respective taxing
units in the manner prescribed in Section 39 of the Act; and
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1. The Commission hereby determines that there is no excess assessed value in the
Allocation Areas that may be allocated to the respective taxing units in the manner prescribed in
Section 39 of the Act because the Commission hereby finds that, for each respective Allocation
Area, the assessed value of the taxable property in the Allocation Area for the most recent
assessment date minus the base assessed value, when multiplied by the estimated tax rate of the
Allocation Area, will not exceed the amount of assessed value needed to produce the property
taxes necessary to make, when due, principal and interest payments on bonds payable from the
Allocation Fund of the Allocation Area, plus the amount necessary for other purposes described
in Section 39 of the Act. Accordingly, for tax year payable 2027, the Commission determines that
no amount of assessed value of the Allocation Areas will be allocated to the respective taxing
units in the manner prescribed in Section 39 of the Act. In making this determination, the
Commission has considered the effect that such determination will have on the property tax rate
in the Redevelopment District.
2.This determination for 2027 shall not be construed to affect any future
determination of the Commission with respect to the capture of assessed value of the taxable
property in the Allocation Areas in the years following 2027.
3.The President or Vice President of the Commission is hereby authorized and
directed to immediately notify or cause to be notified the St. Joseph County Auditor (who is
required to forward the notice to the Department of Local Government Finance), the South Bend
Common Council, and the officers who are authorized to fix budgets, tax rates, and tax levies
under Indiana Code 6-1.1-17-5 for each of the other taxing units wholly or partly located within
the Allocation Areas of the determinations made herein by the Commission, by way of a letter in
substantially the form attached hereto as Exhibit B, which notice is intended to satisfy the
requirements of Section 39 of the Act.
ADOPTED AND APPROVED at a meeting of the South Bend Redevelopment
Commission held in person and virtually on the 28th day of May 2026.
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
__________________________________
President
ATTEST:
__________________________________
Secretary
EXHIBIT A
Allocation Areas
1) River West Development Area
2) Riverwalk Allocation Area
3) West Washington Chapin Development Area
4) River East Development Area Allocation Area #1
5) River East Development Area Allocation Area #2
6) South Side General Development Area #1
7) Douglas Road Economic Development Area.
8) Lafayette North Allocation Area
9) Lafayette South Allocation Area
10) Ignition Park Allocation Area
11) Downtown North Allocation Area
12) Michigan Street Corridor Allocation Area
13) Studebaker Campus Allocation Area
14) Riverfront West Allocation Area
15) Downtown South Allocation Area
16) Lincoln and Kennedy Park Residential Housing Development Program Area Allocation Area
EXHIBIT B
(Form of Letter)
Date
Mr./Ms. [Name]
Taxing Unit Address
Subject: Request Regarding Capture of Incremental Assessed Value for the City of South Bend
Dear Mr./Ms. [Name],
In accordance with the provisions of Indiana Code Section 36-7-14-39, the South Bend
Redevelopment Commission has determined by Resolution No. 3672, passed May 28, 2026, that
there is no excess assessed value that may be allocated to the respective taxing units in the
manner prescribed in Indiana Code Section 36-7-14-39(b).
The Allocation Areas of the City of South Bend covered by this letter are as follows:
River West Development Area
Riverwalk Allocation Area
West Washington Chapin Development Area
River East Development Area Allocation Area #1
River East Development Area Allocation Area #2
South Side General Development Area #1
Douglas Road Economic Development Area.
Lafayette North Allocation Area
Lafayette South Allocation Area
Ignition Park Allocation Area
Downtown North Allocation Area
Michigan Street Corridor Allocation Area
Studebaker Campus Allocation Area
Riverfront West Allocation Area
Downtown South Allocation Area
Lincoln and Kennedy Park Residential Housing Development Program Area Allocation Area
Thank you.
Sincerely,
South Bend Redevelopment Commission
__________
President
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : May 26, 2026
FROM: Erik Glavich,
Director of Growth & Opportunity
SUBJECT: Fourth Amendment to Development
Agreement (Great Lakes Capital Madison
Lifestyle)
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: Fourth Amendment to the Development Agreement with GLC, extending the
Mutual Project Diligence period for 1 additional month
SPECIFICS: On March 28, 2024, the Redevelopment Commission approved a Development Agreement
with Great Lakes Capital for the Madison Lifestyle District. The First Amendment (August 22, 2024)
corrected an omitted parcel, and the Second Amendment (September 25, 2025) extended the Mutual
Project Diligence period from 18 to 24 months. At the end of March, the Commission approved a Third
Amendment that extended the due diligence period to 26 months.
This Fourth Amendment further extends the Mutual Project Diligence period to 27 months (to the end of
May) to provide City staff and GLC the time to finalize building plans, project coordination, and financing.
Demolition, site work, and utility work are underway; finalizing project details is complex and requires
careful coordination.
This extension of the Mutal Project Diligence period allows GLC and City staff time to finalize the Notice
to Commence.
______________ ___________Pres/V-Pres
ATTEST: __________ ________Secretary
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
1
FOURTH AMENDMENT TO DEVELOPMENT AGREEMENT
This FOURTH AMENDMENT TO DEVELOPMENT AGREEMENT (this “Fourth
Amendment”) is made and entered into to be effective as of May 28, 2026 (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.
a Second Amendment to Development Agreement dated effective September 25, 2025, and a Third
Amendment to Development Agreement dated effective March 26, 2026 (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 twenty-six (26) months.
C. The Parties continue to engage in Mutual Project Diligence and believe that
extending the Mutual Project Diligence period to twenty-seven (27) 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 Fourth 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
twenty-six (26) months from the Effective Date.”
shall be deleted in its entirety and replaced with the following:
2
“The Mutual Project Diligence shall be completed no later than
twenty-seven (27) months from the Effective Date.”
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 Fourth Amendment and
the Development Agreement, the terms of this Fourth Amendment shall control. Capitalized terms
used in this Fourth Amendment will have the meanings set forth in the Development Agreement
unless otherwise stated herein.
4. Counterparts; Electronic or Facsimile Transmission. This Fourth Amendment
may be executed in counterparts which, when combined, shall constitute one instrument. The
electronic or facsimile transmission of a signed counterpart of this Fourth Amendment shall be
binding upon the party whose signature is contained on the transmitted copy.
Signature Page Follows
3
IN WITNESS WHEREOF, the Parties have executed this Fourth Amendment to
Development Agreement to be effective as of the Effective Date set forth above.
SOUTH BEND REDEVELOPMENT
COMMISSION
______________________________
______________________________, President
ATTEST:
______________________________
______________________________, Secretary
GREAT LAKES CAPITAL DEVELOPMENT LLC
______________________________
Bradley J. Toothaker, Manager
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : 5/22/2026
FROM: Joseph Molnar
Deputy Director of Community Investment
SUBJECT: Profession Services
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: Budget for Professional Services for RDC TIF Districts
SPECIFICS: Certain statutory requirements must be satisfied annually to ensure the proper
administration of the City’s Tax Increment Financing (TIF) districts. Meeting these obligations often
necessitates the engagement of external legal counsel and financial or technical consultants to ensure
accurate reporting, compliance, and appropriate neutralization of TIF districts.
This budget request will support the professional services required for ongoing TIF district management,
including the preparation of required reporting, as well as legal and technical support for drafting
forgivable loan development agreements, bond analysis and initiation, and related documents.
Proposed Allocations:
River West – $100,000
River East – $100,000
River East Residential – $50,000
South Side – $50,000
Douglas Road – $50,000
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION