HomeMy WebLinkAboutRedevelopment Commission Agenda & Packet 06.11.26South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Agenda
Regular Meeting
June 11, 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
• David Relos, President – (Mayor) December 2025 to December 2026
• Karen White, Vice President – (Council) May 2026 to December 2027
• Eli Wax, Secretary – (Mayor) February 2025 to December 2027
• Gillian Shaw, Commissioner – (Mayor) January 2026 to December 2027
• Ophelia Gooden-Rodgers, Commissioner – (Council) February 2025 to December 2027
• Marcus Ellison, Non-Voting Advisor – (School Board) February 2025 to December 2026
2. Approval of Minutes
A. Minutes of the Regular Meeting of May 28, 2026
3. Approval of Claims
A. None
4. Old Business
A. None
5. New Business
A. River West Development Area
1. Resolution No. 3673 (Authorizing DCI Staff for Certain Acts - Lafayette
Building)
2. Resolution No. 3672 (Authorizing Use of TIF to Fund Forgivable Loan
Beacon Heights)
3. First Amendment Purchase Agreement (The Row)
4. Development Agreement (The Row)
B. South Side Development Area
1. Budget Request (Rebuilding Our Streets, Arterial Roads)
C. River East Development Area
1. Budget Request (Rebuilding Our Streets, Arterial Roads)
2. Purchase Agreement (Sale of Former VPA East Race Building)
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Page | 2
D. River East Residential Development Area
1. Budget Request (Colfax Ave. Bridge)
6. Progress Reports
A. Tax Abatement
B. Common Council
C. Other
7. Next Commission Meeting
Thursday, June 25, 2026, 9:30 a.m. at Council Chambers, Room 301
8. Adjournment
NOTICE
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South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Minutes
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
The South Bend Redevelopment Commission was called to order at 9:30 a.m.
Vice President David Relos presiding. Vice President Relos welcomed Karen White to the
Commission.
1. ROLL CALL
Members Present: David Relos, Vice President
Eli Wax, Secretary
Gillian Shaw, Commissioner
Ophelia Gooden-Rodgers, Commissioner
Members Absent: Marcus Ellison, Non-Voting Advisor
Legal Counsel: Danielle Campbell Weiss, Senior Asst. City Attorney
Redevelopment Staff: Darryl Scott, Executive Director, DCI
Joseph Molnar, Deputy Director, DCI
Erik Glavich, Director of Growth and Opportunity, DCI
Lewis Kouassi, Director of Finance, DCI
Erin Michaels, Property Development Manager, DCI -
Virtual
Laura Hensley, Board Secretary, DCI
Attending: Eric Horvath, Director of Public Works - Virtual
Charlotte Brach, Assist. City Engineer, Engineering
Murray Miller, 1201 Priscilla Dr.
Brent Burkus, 58795 Mayflower
Matt Barrett, 110 S. Niles Ave.
Jessica Velez, South Bend Tribune
Steve Sass, 27910 US Hwy. 20
1. Election of Officers
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 28, 2026
Page | 2
A. Approval of Redevelopment Commission Board President
Upon a motion by Gillian Shaw to nominate David Relos as President,
second by Ophelia Gooden-Rodgers, the motion carried unanimously; the
Commission approved Dave Relos as Board President on May 28, 2026.
B. Approval of Redevelopment Commission Board Vice President
Upon a motion by Ophelia Gooden-Rodgers to nominate Karen White as
Vice President, second by David Relos, the motion carried unanimously; the
Commission approved Karen White as Board Vice President on May 28,
2026.
2. Approval of Minutes
C. Approval of Minutes of the Regular Meeting of Thursday, May 14, 2026
Upon a motion by Ophelia Gooden-Rodgers for approval, second by Karen
White, the motion carried unanimously; the Commission approved the
minutes of the regular meeting of May 28, 2026.
3. Approval of Claims
A. Claims Allowances May 19, 2026
Upon a motion by Gillian Shaw for approval second by Ophelia Gooden-
Rodgers, the motion carried unanimously; the Commission approved the
claims allowances of May 19, 2026.
4. Old Business
A. None
5. New Business
A. River West Development Area
1. Fourth Amendment to Development Agreement (Great Lakes Capital,
Madison Lifestyle District)
Erik Glavich, Director of Growth and Opportunity, presented a
straightforward amendment to the development agreement with Great
Lakes Capital for the Madison Lifestyle District to allow additional time
to finalize remaining details. The team is awaiting final IDD bond analysis
from Baker Tilly and completing project scope coordination with the
parking garage contractor. While a notice to commence was originally
anticipated, a one-month extension—through late June—is requested to
tie up remaining items.
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 28, 2026
Page | 3
President Relos asked to clarify if it’s May or June and Mr. Glavich
confirmed June. Secretary Wax asked the degree of confidence that this
will be the last extension and Mr. Glavich stated, his confidence in the
project remains high (approximately 95–100%), with expectations to
proceed with a notice to commencement at an upcoming RDC meeting.
Upon a motion by Eli Wax for approval, seconded by Gillian Shaw, the
motion carried unanimously; the Commission approved the Amendment
as presented on May 28, 2026.
B. River West, River East, South Side, Douglas Road, River East Residential
Areas
1. Budget Request (Professional Services TIF District Management)
Joseph Molnar, Deputy Director of Community Investment, presented a
budget request to fund professional services supporting TIF district
operations. These services include required state reporting, tax analysis,
legal support, and bond-related work, as well as assistance with complex
forgivable loan processes. Historically funded through the general fund,
these costs would instead be covered by TIF districts. The request totals
$350,000 across five districts to ensure resources are available for
ongoing and future TIF-related needs.
• River West $100,000
• River East $100,000
• River East Residential $50,000
• South Side $50,000
• Douglas Road $50,000
Commissioners Gooden-Rodgers and Shaw asked does this funding
designates specific contractors or fixed costs? How long will it last, and
what are typical costs?
Mr. Molnar stated No—this does not designate specific contractors or
set fixed costs. It establishes a funding pool to cover professional service
expenses as they arise (e.g., legal, tax, and reporting), with firms like
Barnes & Thornburg and Baker Tilly used as needed. Costs vary by
project complexity. The funds are expected to last at least 12 months—
likely into 2027—with expenses tracked and allocated by TIF district.
Secretary Wax requested an SOP and accountability processes put in
place and Mr. Molnar also stated that staff could provide quarterly
updates to the Commission.
CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 28, 2026
Page | 4
Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by
Eli Wax, the motion carried unanimously; the Commission approved the
Budget Request as presented on May 28, 2026.
C. Administrative
1. Resolution No. 3671 (Determining Tax Increment Collected 2027)
Erik Glavich, Director of Growth and Opportunity, presented the annual
resolution required by the state to notify the county auditor and taxing
districts of excess TIF allocation status by June 15. The Resolution is
consistent with prior years but updated to include new allocation areas
created through the Riverfront West project. The notification confirms
there is no excess TIF value to distribute, as funds are committed to
ongoing redevelopment projects.
President Relos asked to clarify if this is a state requirement and
Danielle Campbell Weiss, Senior Asst. City Attorney confirmed that it is.
Upon a motion by Dave Relos for approval, seconded by Gillian Shaw,
the motion carried unanimously; the Commission approved Resolution
No. 3671 as presented on May 28, 2026.
6. Progress Reports
A. Tax Abatement
None
B. Common Council
None
C. Other
None
7. Next Commission Meeting
Thursday, June 11, 2026, 9:30 a.m., City Hall Council Chambers 3rd Floor
8. Adjournment
Thursday, May 28, 2026, 9: 50 a.m.
______________________________ ______________________________
Eli Wax, Secretary David Relos, President
1
RESOLUTION NO. 3673
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
AUTHORIZING CERTAIN EMERGENCY ACTIONS
RELATING TO THE LAFAYETTE BUILDING
WHEREAS, the South Bend Redevelopment Commission (the “Commission”) is the
governing body of the City of South Bend Department of Redevelopment established under the
Redevelopment of Cities and Towns Act of 1953, as amended, being I.C. 36-7-14-1 et seq. (the
“Act”); and
WHEREAS, the Commission is authorized under I.C. 36-7-14-12.2 to acquire, hold, use,
and dispose of real property and to clear real property acquired for redevelopment purposes; and
WHEREAS, the Commission owns certain property within the boundaries of the City of
South Bend (the “City”), including the Lafayette Building, located at 115 S. Lafayette Boulevard,
and more particularly described in Exhibit A (the “Property”); and
WHEREAS, the Commissioners have the authority under the Act to adopt such rules and
bylaws as they consider necessary for the proper conduct of their proceedings and the carrying out
of their duties and the safeguarding of money and property placed in their custody; and
WHEREAS, on June 8, 2026, a catastrophic fire occurred at the Property, which resulted in
significant damage and potentially creating structural instability and other unsafe conditions; and
WHEREAS, the Commission recognizes that the Property is an important and historically
significant structure within the City, but finds that immediate action may be necessary to protect
public health, safety, and welfare and to prevent further damage or risk to persons or property; and
WHEREAS, the Commission further finds that the actions authorized herein are consistent
with the Commission’s powers under Indiana Code 36-7-14 and fall within the capital expenditure
and professional services categories identified in the Commission’s 2026 Redevelopment
Commission Spending Plan, including site improvements, real property improvements, and
professional services; and
WHEREAS, I.C. 36-7-14-8 provides that redevelopment commission funds must be
disbursed only after allowance and approval by the Commission, but allows the Commission to
authorize certain disbursements prior to approval by resolution;
WHEREAS, the Commission now desires to expressly authorize certain limited actions to
be taken on its behalf in order to respond promptly and without delay to the unsafe conditions affecting
the Property, while preserving the Commission’s oversight of expenditures and ensuring that any such
actions are undertaken only as necessary to protect public health and safety.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as follows:
1. The Executive Director of Community Investment and such staff as designated by
2
the Executive Director (collectively, the “Authorized Representatives”) are hereby
authorized to take such actions as are reasonably necessary to address unsafe
conditions affecting the Property, including, but not limited to restricting access,
securing and stabilizing the Property, obtaining assessments, and coordinating with
appropriate governmental authorities.
2. To the extent practicable and consistent with public safety, the Authorized
Representatives shall seek to preserve or stabilize the structure. If necessary to
address an imminent threat to public health or safety, they may undertake the
clearing of the Property, including removal of structures or improvements, based on
determinations by appropriate officials or qualified professionals, including the Fire
Department, Building Commissioner, or a licensed structural engineer.
3. The Commission authorizes the use of redevelopment commission funds for the
purposes described herein, including professional services, stabilization, site work,
clearing and removal activities, and other costs reasonably necessary to address
unsafe conditions. The authorization provided herein includes the use of funds
previously appropriated or allocated by the Commission for the Property, which may
be expended in accordance with such prior authorization. To the extent expenditures
exceed previously appropriated or allocated amounts, the Commission further
authorizes the use of such additional funds as may be reasonably necessary to address
the unsafe conditions described herein.
4. Pursuant to IC 36-7-14-8, the Treasurer is authorized to make disbursements
necessary to carry out the actions authorized herein prior to the Commission’s
allowance and approval, provided that all such disbursements shall be presented to
the Commission at its next regular meeting for allowance and approval.
5. This authorization remains effective only while unsafe conditions exist, unless
modified or rescinded by the Commission.
6. This Resolution shall be in full force and effect after its adoption.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on June 11,
2026.
SOUTH BEND REDEVELOPMENT
COMMISSION
David Relos, President
ATTEST:
Eli Wax, Secretary
3
Exhibit A
Description of the Lafayette Building Property
Tax ID No. 018-3009-0288
Parcel Key No. 71-08-12-151-003.000-026
Legal Description: Lot 393 Ex 60'W End O P So Bend
Commonly known as: 115 S. Lafayette Blvd, South Bend, Indiana 46601
Tax ID No. 018-3009-0289
Parcel Key No. 71-08-12-151-004.000-026
Legal Description: 42 1/2' N Side Lot 394 Op South Bend
Commonly known as: 117-119 S. Lafayette Blvd, South Bend, Indiana 46601
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : 6.5.26
FROM: Joseph Molnar, Deputy Director
Department of Community Investment
SUBJECT: Beacon Heights Renovation Resolution
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: Approval of Resolution Authorizing the Use of River West TIF Revenues in the
amount of $1.25M to fund an EDC Loan for the Renovation of Beacon Heights
SPECIFICS: Beacon Heights is an existing affordable apartment complex with approximately 174 housing
units on the west side of the City of South Bend with a primary address of 3401 Ardmore Trail. The
complex was constructed in the mid 1940s and has served as affordable housing for the South Bend
community for decades. The property is in need of improvements both to the housing units and the
common spaces.
L+M Development Partners has entered into an agreement to purchase the property from the existing
owner and is in the process of receiving Low Income Housing Tax Credits from the Indiana Housing and
Community Development Authority. L+M has established an Indiana based LLC – Beacon Apartments
Preservation, LLC – to manage and renovate the property. The planned redevelopment represents an
approximate $47 million private investment to fully renovate all existing housing units on the property,
ensuring long-term affordability and improving living conditions for residents. Critically, the project will
proceed as a "renovation in place," meaning no current residents will be displaced during construction.
The Beacon Heights Project directly supports the City’s mission to advance neighborhood revitalization
and expand and preserve affordable housing opportunities within the City.
The project will:
• Preserve and improve an existing affordable housing community
• Leverage substantial private investment into the River West Development Area
• Maintain long-term affordability through LIHTC financing
• Improve housing quality without displacing existing residents
The proposed resolution authorizes the Commission to allocate up to $1,250,000 in River West TIF
revenues, subject to appropriation, to fund an EDC Loan supporting the project. This resolution is the first
step in the EDC Loan process. If approved, staff will return to the Commission with a proposed
development agreement setting forth the detailed terms and conditions of the funding. The Commission
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
will also be asked to hold a public hearing and adopt a resolution appropriating the TIF funds at a future
meeting. Approvals and related actions will also be required by the Economic Development Commission
and the Common Council. No TIF funds will be disbursed unless and until all required approvals are
obtained and the acquisition of the property by L+M Development Partners (through Beacon Apartments
Preservation, LLC) is successfully completed.
Staff recommends approval of the resolution.
RESOLUTION NO. 3672
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
AUTHORIZING THE USE OF RIVER WEST TIF REVENUES FOR THE BEACON
HEIGHTS PROJECT AND OTHER RELATED MATTERS
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, 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, public
infrastructure, and neighborhood revitalization; and
WHEREAS, the Commission is currently negotiating a development agreement (the
“Development Agreement”) with Beacon Apartments Preservation LLC, an Indiana limited
liability company (the “Developer”), for the construction, renovation and/or rehabilitation of up to
one hundred seventy-four (174) affordable housing units in the existing Beacon Heights
development in the River West Development Area (as hereinafter defined) in the City, with an
approximate total redevelopment cost of Forty-Seven Million Dollars ($47,000,000) including a
private investment of no less than Forty-Seven Million Dollars ($47,000,000) to be expended by
the Developer (collectively, the “Project”); 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 (the “River West
Allocation 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 (the “Plan”); and
WHEREAS, subject to the final terms of the Development Agreement to be approved by
the Commission, the Commission would agree to contribute River West TIF Revenues in an
amount of up to One Million Two Hundred Fifty Thousand Dollars ($1,250,000), subject to
appropriation, toward the cost of the Project, subject to the completion of all procedures required
by law; and
WHEREAS, the Commission has sufficient River West TIF Revenues on deposit in the
River West Allocation Fund to contribute River West TIF Revenues toward costs of the Project,
which will directly serve and benefit, or be physically located in or connected to, the River West
Allocation Area; and
2
WHEREAS, the Commission now desires to contribute a total amount of not to exceed
$1,250,000 of River West TIF Revenues, subject to appropriation thereof, toward the cost of the
Project subject to the approval of the Development Agreement by the Commission and completion
of all procedures required by law, and authorize and approve other actions related thereto, subject
to the terms and conditions set forth below;
NOW, THEREFORE, BE IT RESOLVED BY THIS SOUTH BEND
REDEVELOPMENT COMMISSION AS FOLLOWS:
SECTION 1. The Commission hereby finds and determines that the Project, and the use
of River West TIF Revenues to contribute to the Project as described herein, directly serves and
benefits the River West Allocation Area, furthers the purposes for which the River West
Development Area was created, and helps accomplish the Plan.
SECTION 2. Subject to the approval of the Development Agreement by the Commission
and the completion of all procedures required by law, the Commission hereby authorizes the
contribution of not to exceed $1,250,000 of River West TIF Revenues, subject to appropriation
thereof, toward the cost of the Project. The use of River West TIF Revenues as described herein
shall be junior and subordinate to any currently outstanding or future bonds or lease obligations of
the Commission payable from River West TIF Revenues.
SECTION 3. The Commission hereby authorizes a public hearing to be held on the
appropriation of an amount of River West TIF Revenues in an amount not to exceed $1,250,000
to provide funding to reimburse the City for the loan from the City to the Developer and further
authorizes the staff of the Department of Community Investment, with assistance from counsel, to
cause the notice of such hearing to be published and posted as required by law.
SECTION 4. This resolution shall take effect immediately upon adoption by the
Commission.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on June 11,
2026, in the City Hall Council Chambers, 3rd Floor, 215 S. Dr. Martin Luther King, Jr., Blvd.,
South Bend, Indiana, 46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
By:
David Relos, President
ATTEST:
Eli Wax, Secretary
DMS 52932444v1
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : June 9, 2026
FROM: Erik Glavich, Director of Growth &
Opportunity
SUBJECT: First Amendment to Real Estate Purchase
Agreement for The Row at Ward Project
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: First Amendment to Real Estate Purchase Agreement for ID2 LLC
SPECIFICS: On April 9, 2026, the Commission approved a Purchase Agreement for the Sale of Real
Property for seven (7) parcels to ID2 LLC for the construction of a mixed-income housing development.
The parcels are located on the east side of the 800 block of Portage Avenue.
The proposed First Amendment would update the commitments of the developer to match the project
scope. The amendment would make the following changes to the Purchase Agreement:
• The developer commits to construct 15 new housing units on 10 lots. This is an increase of 1 unit
from the original agreement.
• Four (4) of the properties will be sold to households at or below 100% AMI, while an additional 3
properties will be sold to households at or below 120% AMI. This amendment clarifies that the
properties are items to be sold, not units, and the AMI breakdown better reflects the project
scope.
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
1
FIRST AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT
This FIRST AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT (this “First
Amendment”) is made and entered into to be effective as of the 11th day of June, 2026, by and
between South Bend Redevelopment Commission (“Seller”), as Seller, and ID2 LLC, an Indiana
Limited Liability Company, with its registered address being 1251 N. Eddy St, Suite 200, South
Bend, IN 46617 (“Buyer”), as Buyer (each a “Party” and collectively, the “Parties”).
RECITALS
A. Seller and Buyer entered into that certain Real Estate Purchase Agreement, dated
effective as of April 9, 2026 (the “Agreement”), for the purchase and sale of certain real property
located in St. Joseph County, City of South Bend, State of Indiana as more particularly described
in Exhibit A of the Agreement (the “Property”).
B. Certain circumstances have changed since the execution of the Agreement, and the
Seller and the Buyer now collectively desire to amend the Agreement to update the Buyer’s Post-
Closing Development Obligations.
C. Seller believes that such actions are in the best interests of the health, safety, and
welfare of the City and its residents.
D. Seller and Buyer now desire to amend the 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, Buyer and Seller 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 Amendment as though fully set forth herein.
2. Amendments. The Agreement is hereby amended as follows:
a) The second sentence of Section 11(A) shall be deleted and replaced with
the following text:
Such improvements shall include redeveloping the Property into a
mixed-income housing development containing no fewer than fifteen (15)
housing units. The Buyer will offer for sale no fewer than ten (10) properties
for purchase, of which no fewer than four (4) properties shall be offered for
sale at prices affordable to households with incomes at or below one
hundred percent (100%) of the Area Median Income (“AMI”) and no fewer
than three (3) additional properties shall be offered for sale at prices
affordable to households with incomes at or below one hundred twenty
percent (120%) AMI for the year in which such property is offered for sale,
as determined annually by the United States Department of Housing and
2
Urban Development (HUD) and confirmed by the staff of Seller (the
“Property Improvements”).
3. Entire Agreement; Conflict. Except as otherwise stated herein, all other terms,
conditions and agreements contained in the Agreement remain unmodified and in full force and
effect. The Parties hereby expressly reaffirm their respective obligations under the Agreement, and
unless expressly modified by this First Amendment, the terms and provisions of the Agreement
remain in full force and effect. To the extent a conflict exists between the terms of this First
Amendment and the Agreement, the terms of this First Amendment shall control.
4. Capitalized Terms. Capitalized terms used in this First Amendment will have the
same meanings set forth in the Agreement, except as otherwise stated herein.
5. Counterparts; Electronic or Facsimile Transmission. This First Amendment
may be executed in counterparts which, when combined, shall constitute one instrument. The
electronic or facsimile transmission of a signed counterpart of this First Amendment shall be
binding upon the party whose signature is contained on the transmitted copy.
[Signature Page Follows.]
3
IN WITNESS WHEREOF, Buyer and Seller have executed this First Amendment to Real
Estate Purchase Agreement to be effective as of the date set forth above.
“BUYER”:
ID2 LLC
By:
Jordan Richardson, Member
“SELLER”:
South Bend Redevelopment Commission
By:
David Relos, President
Attest:
Eli Wax, Secretary
REAL ESTATE PURCHASE AGREEMENT
This Real Estate Purchase Agreement (this “Agreement”) is made on April 9, 2026 (the
“Contract Date”), by and between the City of South Bend, Indiana, Department of Redevelopment,
acting by and through its governing body, the South Bend Redevelopment Commission (“Seller”)
and ID2 LLC, an Indiana Limited Liability Company with registered offices at 1251 N Eddy St,
Suite 200, South Bend, IN 46617 (“Buyer”) (each a “Party” and together the “Parties”).
RECITALS
A. Seller exists and operates pursuant to the Redevelopment of Cities and Towns Act
of 1953, as amended, being Ind. Code 36-7-14 (the “Act”).
B. In furtherance of its purposes under the Act, Seller owns seven (7) parcels of real
property located in South Bend, Indiana (the “City”) commonly known as 710 Rex & 808-838
Portage Ave, and more particularly described in attached Exhibit A (the “Property”).
C. Pursuant to the Act, Seller adopted its Resolution No. 3519 on April 23, 2020,
whereby Seller established a total offering price of One Hundred Twenty Six Thousand Seven Hundred
Fifty Dollars ($126,750) for the Property.
D. Pursuant to the Act, on April 23, 2020, Seller authorized the publication, on April 24,
2020 and May 1, 2020, respectively, of a notice of its intent to sell the Property and its desire to
receive bids for said Property on or before May 14, 2020, at 9:00A.M.
E. On May 14, 2020, at 9:00A.M., Seller received no bids for the Property.
F. Buyer subsequently expressed interest in purchasing the Property for purposes of
constructing a mixed income housing development.
G. Having satisfied the conditions stated in Section 22 of the Act, Seller now desires to
sell the Property to Buyer on the terms stated in this Agreement.
THEREFORE, in consideration of the mutual covenants and promises in this Agreement
and other good and valuable consideration, the receipt of which is hereby acknowledged, Buyer
and Seller agree as follows:
1. RECITALS
The recitals above are hereby incorporated into this Agreement by reference.
2. OFFER AND ACCEPTANCE
A copy of this Agreement, signed by Buyer, constitutes Buyer’s offer to purchase the Property on
the terms stated in this Agreement and shall be delivered to Seller, in care of the following
representative (“Seller’s Representative”):
TO SELLER: Executive Director
Department of Community Investment
City of South Bend
Suite 500
215 S. Dr. Martin Luther King Blvd 46601
South Bend, Indiana 46601
WITH COPY TO: South Bend Legal Department
Attn: Corporation Counsel
City of South Bend
Suite 600
215 S. Dr. Martin Luther King Blvd 46601
South Bend, Indiana 46601
This offer shall expire thirty (30) days after delivery unless accepted by Seller. To accept Buyer’s
offer, Seller shall return a copy of this Agreement, counter-signed by Seller in accordance with
applicable laws, to the following (“Buyer’s Representative”):
TO BUYER: ID2, LLC
Attn: Jordan Richardson
1251 N Eddy St
Suite 200
South Bend, IN 46617
WITH COPY TO: ______________
________________
________________
________________
3. PURCHASE PRICE AND EARNEST MONEY DEPOSIT
A. Purchase Price. The purchase price for the Property shall be One Thousand
Dollars ($1,000.00) (the “Purchase Price”), payable by Buyer to Seller in cash at the closing
described in Section 10 below (the “Closing,” the date of which is the “Closing Date”).
B. Earnest Money Deposit. Within ten (10) business days after the Contract
Date, Buyer will deliver to Seller the sum of One Hundred Dollars ($100.00), which Seller
will hold as an earnest money deposit (the “Earnest Money Deposit”). Seller will be
responsible for disposing of the Earnest Money Deposit in accordance with the terms of this
Agreement. The Earnest Money Deposit shall be credited against the Purchase Price at the
Closing or, if no Closing occurs, refunded or forfeited as provided below.
C. Termination During Due Diligence Period. If Buyer exercises its right to
terminate this Agreement by written notice to Seller in accordance with Section 4 below,
the Earnest Money Deposit shall be refunded to Buyer. If Buyer fails to exercise its right
to terminate this Agreement by written notice to Seller within the Due Diligence Period,
then the Earnest Money Deposit shall become non-refundable.
D. Liquidated Damages. If Seller complies with its obligations hereunder and
Buyer, not having terminated this Agreement during the Due Diligence Period in
accordance with Section 4 below, fails to purchase the Property on or before the Closing
Date, the Earnest Money Deposit shall be forfeited by Buyer and retained by Seller as
liquidated damages in lieu of any other damages.
4. BUYER’S DUE DILIGENCE
A. Investigation. Buyer and Seller have made and entered into this Agreement
based on their mutual understanding that Buyer intends to develop the Property into a mixed
income housing development (the “Buyer’s Use”). Seller acknowledges that Buyer’s
determination of whether Buyer’s Use is feasible requires investigation into various
matters (Buyer’s “Due Diligence”). Therefore, Buyer’s obligation to complete the
purchase of the Property is conditioned upon the satisfactory completion, in Buyer’s
discretion, of Buyer’s Due Diligence, including, without limitation, Buyer’s examination,
at Buyer’s sole expense, of zoning and land use matters, environmental matters, real
property title matters, and the like, as applicable.
B. Due Diligence Period. Buyer shall have a period of twelve (12) months
following the Contract Date to complete its examination of the Property in accordance with
this Section 4 (the “Due Diligence Period”). Notwithstanding the foregoing, the Parties may
shorten or waive the Due Diligence Period at any time by mutual written agreement,
whereupon the Due Diligence Period shall terminate on the date specified in such mutually
written agreement.
C. Authorizations During Due Diligence Period. During the Due Diligence
Period, Seller authorizes Buyer, upon Buyer providing Seller with evidence that Buyer has
general liability insurance reasonably acceptable to Seller, in the amount of at least One
Million Dollars ($1,000,000), naming Seller as an additional insured and covering the
activities, acts, and omissions of Buyer and its representatives at the Property, to
(i) enter upon the Property or to cause agents to enter upon the Property
for purposes of examination; provided, that Buyer may not take any action upon the
Property which reduces the value thereof and Buyer may not conduct any invasive
testing at the Property without Seller’s express prior written consent; further
provided, that if the transaction contemplated herein is not consummated, Buyer shall
promptly restore the Property to its condition prior to entry, and agrees to defend,
indemnify and hold Seller harmless, before and after the Closing Date whether or
not a closing occurs and regardless of any cancellations or termination of this
Agreement, from any liability to any third party, loss or expense incurred by Seller,
including without limitation, reasonable attorney fees and costs arising from acts or
omissions of Buyer or Buyer’s agents or representatives; and
(ii) file any application with any federal, state, county, municipal or
regional agency relating to the Property for the purpose of obtaining any approval
necessary for Buyer’s anticipated use of the Property. If Seller’s written consent to
or signature upon any such application is required by any such agency for
consideration or acceptance of any such application Buyer may request from Seller
such consent or signature, which Seller shall not unreasonably withhold.
Notwithstanding the foregoing, any zoning commitments or other commitments that
would further restrict the future use or development of the Property, beyond the
restrictions in place as a result of the current zoning of the Property, shall be subject
to Seller’s prior review and written approval.
D. Environmental Site Assessment. Buyer may, at Buyer’s sole expense, obtain
a Phase I environmental site assessment of the Property pursuant to and limited by the
authorizations stated in this Section 4.
E. Termination of Agreement. If at any time within the Due Diligence Period
Buyer determines, in its sole discretion, not to proceed with the purchase of the Property,
Buyer may terminate this Agreement by written notice to Seller’s Representative, and Buyer
shall be entitled to a full refund of the Earnest Money Deposit.
5. SELLER’S DOCUMENTS
Upon Buyer’s request, Seller will provide Buyer a copy of all known environmental inspection,
engineering, title, and survey reports and documents in Seller’s possession relating to the Property.
In the event the Closing does not occur, Buyer will immediately return all such reports and
documents to Seller’s Representative with or without a written request by Seller.
6. PRESERVATION OF TITLE
After the Contract Date, Seller shall not take any action or allow any action to be taken by others
to cause the Property to become subject to any interests, liens, restrictions, easements, covenants,
reservations, or other matters affecting Seller’s title (such matters are referred to as
“Encumbrances”). Seller acknowledges that Buyer intends to obtain, at Buyer’s sole expense, and
to rely upon a commitment for title insurance on the Property (the “Title Commitment”) and a
survey of the Property (the “Survey”) identifying all Encumbrances as of the Contract Date. The
Property shall be conveyed to Buyer free of any Encumbrances other than Permitted
Encumbrances (as defined in Section 8 below).
7. TITLE COMMITMENT AND POLICY REQUIREMENTS
Buyer shall obtain the Title Commitment for an owner’s policy of title insurance issued by a title
company selected by Buyer and reasonably acceptable to Seller (the “Title Company”) within
twenty (20) days after the Contract Date. The Title Commitment shall (i) agree to insure good,
marketable, and indefeasible fee simple title to the Property (including public road access) in the
name of the Buyer for the full amount of the Purchase Price upon delivery and recordation of a
special warranty deed (the “Deed”) from the Seller to the Buyer, and (ii) provide for issuance of a
final ALTA owner’s title insurance policy, with any endorsements requested by Buyer, subject to
the Permitted Encumbrances. Regardless of whether this transaction closes, Buyer shall be
responsible for all of the Title Company’s title search charges and all costs of the Title
Commitment and owner’s policy.
8. REVIEW OF TITLE COMMITMENT AND SURVEY
Within twenty (20) days after Buyer’s receipt of the Title Commitment, Buyer shall give Seller
written notice of any objections to the Title Commitment. Within twenty (20) days after Buyer’s
receipt of the Survey, Buyer shall give Seller written notice of any objections to the Survey. Any
exceptions identified in the Title Commitment or Survey to which written notice of objection is
not given within such period shall be a “Permitted Encumbrance.” If the Seller is unable or
unwilling to correct the Buyer’s title and survey objections within the Due Diligence Period, Buyer
may terminate this Agreement by written notice to Seller prior to expiration of the Due Diligence
Period, in which case the Earnest Money Deposit shall be refunded to Buyer. If Buyer fails to so
terminate this Agreement, then such objections shall constitute “Permitted Encumbrances” as of
the expiration of the Due Diligence Period, and Buyer shall acquire the Property without any effect
being given to such title and survey objections.
9. NOTICES
All notices required or allowed by this Agreement, before or after Closing, shall be delivered in
person or by certified mail, return receipt requested, postage prepaid, addressed to Seller in care
of Seller’s Representative (with a copy to South Bend Legal Department, 215 S. Dr. Martin Luther
King Jr., Blvd., Suite 600, South Bend, IN 46601, Attn: Corporation Counsel), or to Buyer in care
of Buyer’s Representative at their respective addresses stated in Section 2 above. Either Party
may, by written notice, modify its address or representative for future notices.
10. CLOSING
A. Timing of Closing. Unless this Agreement is earlier terminated, the Closing shall
be held at the office of the Title Company, and the Closing Date shall be a mutually agreeable
date not later than ninety (90) days after the end of the Due Diligence Period.
B. Closing Procedure.
(i) At Closing, Buyer shall deliver the Purchase Price to Seller, conditioned on
Seller’s delivery of the Special Warranty Deed, in the form attached hereto as Exhibit B,
conveying the Property to Buyer, free and clear of all liens, encumbrances, title defects, and
exceptions other than Permitted Encumbrances, and the Title Company’s delivery of the
marked-up copy of the Title Commitment (or pro forma policy) to Buyer in accordance with
Section 8 above.
(ii) Possession of the Property shall be delivered to the Buyer at Closing, in the
same condition as it existed on the Contract Date, ordinary wear and tear and casualty
excepted.
C. Closing Costs. Buyer shall pay all of the Title Company’s closing and/or document
preparation fees and all recordation costs associated with the transaction contemplated in
this Agreement.
11. BUYER’S POST-CLOSING DEVELOPMENT OBLIGATIONS
A. Property Improvements; Proof of Investment. Within Twenty-Four (24) months after
the Closing Date (the “Mandatory Completion Date”), the Buyer will expend an amount not less
than Two Million One Hundred Thousand Dollars ($2,100,000.00) on improvements to the
Property needed to redevelop the Property for Buyer’s Use as set forth herein (the “Minimum
Investment”). Such improvements shall include redeveloping the Property into a mixed income
housing development containing a minimum of fourteen (14) housing units, of which at least
seven (7) housing units shall be offered for sale at prices affordable to households earning one
hundred percent (100%) of the Area Median Income (AMI) for the year in which such unit is
offered for sale, as determined annually by the United States Department of Housing and Urban
Development (HUD) and confirmed by the Redevelopment Commission Staff (the “Property
Improvements”). Promptly upon completing the Property Improvements and expending the
Minimum Investment, Buyer will submit to Seller records reasonably satisfactory to Seller, in
Seller’s sole discretion, proving the above-required expenditures have been made. Buyer shall
also permit Seller (or its designee) to inspect the Property to verify that the Property Improvements
have been completed in accordance with this Agreement. The Property Improvements shall be
deemed complete upon the issuance of a Certificate of Occupancy for each structure.
B. Post-Closing Buyer Property Improvement Commitments. The Buyer shall:
(i) Commence construction of the project within twelve (12) months of the
Closing Date;
(ii) Complete construction of the project and Property Improvements and fully
expend the Minimum Investment within twenty-four (24) months of the Closing Date;
(iii) In its development of the Property, Buyer shall comply with all applicable
federal, state, and local laws, including, but not limited to, the applicable requirements of
the City of South Bend Zoning Ordinance, including variances as necessary;
(iv) Provide the design, plans, and specifications for Property Improvements
consistent with City standards for the review and comment by the City's Planning Director
or their designee, who, in their sole discretion, may request revisions or amendments to be
made to the same (acceptance of the design and plans by the Planning Director or their
designee prior to construction shall be a prerequisite for the issuance of a Certificate of
Completion); and
(v) Submit to Seller reports on or before June 30 and December 31 of each year
until substantial completion of the Property Improvements, in the format set forth as
Exhibit C, demonstrating the Buyer’s good-faith compliance with the terms of this
Agreement. The reports shall include the following information and documents: (a) a status
report of the construction completed to date, (b) an update on the project schedule, and (c)
an itemized accounting generally identifying the proof of investment to date.
C. Certificate of Completion. Promptly after Buyer completes the Property
Improvements and satisfactorily proves the same in accordance with the terms of Section 11.A.
above, as well as compliance with Section 11.B. above, Seller will issue to Buyer a certificate
acknowledging such completion and releasing Seller’s reversionary interest in the Property (the
“Certificate of Completion”). The Parties agree to record the Certificate of Completion immediately
upon issuance, and Buyer will pay the costs of recordation.
D. Remedies Upon Failure to Complete Property Improvements. In the event Buyer
fails to complete the Property Improvements or expend the Minimum Investment, or to satisfactorily
prove such performance in accordance with Section 11.A, or in the event Buyer fails to comply with
any post-closing property improvement commitments in Section 11.B., then, in addition to pursuing
any other remedies available at law or in equity, Seller shall have the right to:
re-enter and take possession of the Property and to terminate and revest in Seller the estate
conveyed to Buyer at Closing and all of Buyer’s rights and interests in the Property without
offset or compensation for the value of any improvements made by Buyer.
The Parties agree that Seller’s conveyance of the Property to Buyer at Closing will be made on the
condition subsequent set forth in the foregoing sentence and the terms of this Section 11 will be
referenced in the deed.
12. SELLER'S POST-CLOSING OBLIGATIONS
On and after the Closing Date, the Seller commits to working with the Buyer to finalize plans,
designs, and specifications for Property Improvements to the satisfaction of the City departments,
consistent with City standards.
13. ACCEPTANCE OF PROPERTY AS-IS
Buyer agrees to purchase the Property “as-is, where-is” and without any representations or
warranties by Seller as to the condition of the Property or its fitness for any particular use or
purpose. Seller offers no such representation or warranty as to condition or fitness, and nothing in
this Agreement will be construed to constitute such a representation or warranty as to condition or
fitness.
14. TAXES
Prior to Closing, Seller will pay all real property taxes accrued on or before the Closing Date, if any.
Buyer will have no liability for any amount of real property taxes accrued before the Closing Date on
the Property.
15. REMEDIES
Upon any default in or breach of this Agreement by either Party, the defaulting Party will proceed
immediately to cure or remedy such default within thirty (30) days after receipt of written notice
of such default or breach from the non-defaulting Party, or, if the nature of the default or breach is
such that it cannot be cured within thirty (30) days, the defaulting Party will diligently pursue and
prosecute to completion an appropriate cure within a reasonable time. In the event of a default or
breach that remains uncured for longer than the period stated in the foregoing sentence, the non-
defaulting Party may terminate this Agreement, commence legal proceedings, including an action
for specific performance, or pursue any other remedy available at law or in equity. All the Parties’
respective rights and remedies concerning this Agreement and the Property are cumulative.
16. COMMISSIONS
The Parties mutually acknowledge and warrant to one another that neither Buyer nor Seller is
represented by any broker in connection with the transaction contemplated in this Agreement.
Buyer and Seller agree to indemnify and hold harmless one another from any claim for
commissions in connection with the transaction contemplated in this Agreement.
17. INDEMNITY
The Parties agree to indemnify, save harmless, and defend each other from and against any and all
liabilities, claims, penalties, forfeitures, suits, and the costs and expenses incident thereto (including
costs of defense and settlement), which either party may subsequently incur, become responsible
for, or pay out as a result of a breach by the other party of this Agreement.
18. INTERPRETATION; APPLICABLE LAW
As both Parties have participated fully and equally in the negotiation and preparation of this
Agreement, this Agreement shall not be more strictly construed, nor shall any ambiguities in this
Agreement be presumptively resolved, against either Party. Each Party acknowledges that it has
had the opportunity to consult with independent legal counsel regarding this Agreement. This
Agreement shall be interpreted and enforced according to the laws of the State of Indiana.
19. DISPUTE RESOLUTION; WAIVER OF JURY TRIAL
Any action to enforce the terms or conditions of this Agreement or otherwise concerning a dispute
under this Agreement will be commenced in the courts of St. Joseph County, Indiana, unless the
Parties mutually agree to an alternative method of dispute resolution. The Parties acknowledge
that disputes arising under this Agreement are likely to be complex and they desire to streamline
and minimize the cost of resolving such disputes. In any legal proceeding, each Party irrevocably
waives the right to trial by jury in any action, counterclaim, dispute, or proceeding based upon, or
related to, the subject matter of this Agreement. This waiver applies to all claims against all parties
to such actions and proceedings. This waiver is knowingly, intentionally, and voluntarily made by
both Parties.
20. ATTORNEYS’ FEES
In the event either Party pursues any legal action (including arbitration) to enforce or interpret this
Agreement, the Buyer shall pay Seller’s reasonable attorneys’ fees and other costs and expenses
(including expert witness fees).
21. WAIVER
Neither the failure nor any delay on the part of a Party to exercise any right, remedy, power, or
privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, remedy, power, or privilege preclude any other or further exercise of the
same or of any right, remedy, power, or privilege with respect to any occurrence be construed as
a waiver of any such right, remedy, power, or privilege with respect to any other occurrence. No
waiver shall be effective unless it is in writing and is signed by the party asserted to have granted
such waiver.
22. SEVERABILITY
If any term or provision of this Agreement is held by a court of competent jurisdiction to be invalid,
void, or unenforceable, the remaining terms and provisions of this Agreement shall continue in
full force and effect unless amended or modified by mutual consent of the Parties.
23. FURTHER ASSURANCES
The Parties agree that they will each undertake in good faith, as permitted by law, any action and
execute and deliver any document reasonably required to carry out the intents and purposes of this
Agreement.
24. ENTIRE AGREEMENT
This Agreement embodies the entire agreement between Seller and Buyer and supersedes all prior
discussions, understandings, or agreements, whether written or oral, between Seller and Buyer
concerning the transaction contemplated in this Agreement.
25. ASSIGNMENT
Buyer and Seller agree that this Agreement or any of Buyer’s rights hereunder may not be assigned
by Buyer, in whole or in part, without the prior written consent of Seller. In the event Buyer wishes
to obtain Seller’s consent regarding a proposed assignment of this Agreement, Buyer shall provide
any and all information reasonably demanded by Seller in connection with the proposed assignment
and/or the proposed assignee. The restrictions on assignment set forth in this Section shall survive
Closing and shall continue in full force and effect until Buyer has fully satisfied all post‑closing
obligations and commitments under this Agreement and Seller has issued a Certificate of
Completion.
26. BINDING EFFECT; COUNTERPARTS; SIGNATURES
All the terms and conditions of this Agreement will be effective and binding upon the Parties and
their successors and assigns at the time the Agreement is fully signed and delivered by Buyer and
Seller. This Agreement may be separately executed in counterparts by Buyer and Seller, and the
same, when taken together, will be regarded as one original Agreement. Electronically transmitted
signatures will be regarded as original signatures.
27. AUTHORITY TO EXECUTE; EXISTENCE
The undersigned persons executing and delivering this Agreement on behalf of the respective
Parties represent and certify that they are the duly authorized representatives of each and have been
fully empowered to execute and deliver this Agreement and that all necessary corporate action has
been taken and done. Further, the undersigned representative of Buyer represents and warrants that
Buyer is duly organized, validly existing, and in good standing under the laws of the State of
Indiana.
28. TIME
Time is of the essence of this Agreement.
[Signature page follows.]
EXHIBIT A
Description of Property
Parcel No. 71-08-02-262-005.000-026
Tax ID: 018-1060-2553
Legal Description: Ex 88 Ft Ely Side Lot 59 Shetterly Place 2nd
Commonly Known As: 710 Rex St
Parcel No. 71-08-02-262-001.000-026
Tax ID:018-1059-2488
Legal Description: 78 Ft On Portage Nw Pt Lot 34 Shetterly Pl 2nd
Commonly Known As: 838 Portage Ave
Parcel No. 71-08-02-262-002.000-026
Tax ID: 018-1059-2489
Legal Description: Lot 34 Ex Pts Sold Shetterly Pl 2nd
Commonly Known As: 836 Portage Ave
Parcel No. 71-08-02-262-003.000-026
Tax ID:018-1059-2490
Legal Description: Lot 35 Shetterly Place 2nd
Commonly Known As: 828 Portage Ave
Parcel No. 71-08-02-262-004.000-026
Tax ID:018-1059-2491
Legal Description: Lot 36 Shetterly Pl 2nd
Commonly Known As: 824 Portage Ave
Parcel No. 71-08-02-405-001.000-026
Tax ID:018-1059-2492
Legal Description: Lot 37 Shetterly Pl 2nd
Commonly Known As: 812 Portage Ave
Parcel No. 71-08-02-405-002.000-026
Tax ID: 018-1059-2505
Legal Description: Lot 7 C E Smiths Sub Of Lots 38-41 Of Shetterly Place 2nd Plat
Commonly Known As: 808 Portage Ave
EXHIBIT B
Form of Special Warranty Deed
AUDITOR’S RECORD
TRANSFER NO.
TAXING UNIT
DATE
KEY NO. See Attached Exhibit 1
SPECIAL WARRANTY DEED
THIS INDENTURE WITNESSETH, that the City of South Bend, Department of Redevelopment, by and
through its governing body, the South Bend Redevelopment Commission, 215 S. Martin Luther King Jr.,
Blvd., Suite 500, South Bend, Indiana (the “Grantor”)
CONVEYS AND SPECIALLY WARRANTS to ID2, LLC, an Indiana Limited Liability Company, with a
mailing address of 1251 N Eddy St, Suite 200, South Bend, IN 46617 (the “Grantee”), for and in
consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the following real estate located in St. Joseph County, Indiana (the
“Property”):
See Attached Exhibit 1
The Grantor warrants title to the Property only insofar as it might be affected by any act of the
Grantor during its ownership thereof and not otherwise.
The Grantor hereby conveys the Property to the Grantee free and clear of all leases or licenses;
subject to real property taxes and assessments; subject to all easements, covenants, conditions, restrictions,
and other matters of record; subject to rights of way for roads and such matters as would be disclosed by an
accurate survey and inspection of the Property; subject to all applicable building codes and zoning
ordinances; and subject to all provisions and objectives contained in the Commission’s 2025 River West
Development Area Plan, as thereafter amended from time to time, and any design review guidelines
associated therewith.
Pursuant to Section 11 of the Purchase Agreement, the Grantor conveys the Property to the Grantee
by this deed subject to certain conditions subsequent. In the event the Grantee fails to perform the Property
Improvements, or satisfactorily to prove such performance, in accordance with Section 11 of the Purchase
Agreement, then the Grantor shall have the right to re-enter and take possession of the Property and to
terminate and revest in the Grantor the estate conveyed to the Grantee by this deed and all of the Grantee’s
rights and interests in the Property without offset or compensation for the value of any improvements to the
Property made by the Grantee. The recordation of a Certificate of Completion in accordance with Section
11 of the Purchase Agreement will forever release and discharge the Grantor’s reversionary interest stated
in this paragraph.
Page 1 of 3
Exhibit 1
Parcel No. 71-08-02-262-005.000-026
Tax ID: 018-1060-2553
Legal Description: Ex 88 Ft Ely Side Lot 59 Shetterly Place 2nd
Commonly Known As: 710 Rex St
Parcel No. 71-08-02-262-001.000-026
Tax ID:018-1059-2488
Legal Description: 78 Ft On Portage Nw Pt Lot 34 Shetterly Pl 2nd
Commonly Known As: 838 Portage Ave
Parcel No. 71-08-02-262-002.000-026
Tax ID: 018-1059-2489
Legal Description: Lot 34 Ex Pts Sold Shetterly Pl 2nd
Commonly Known As: 836 Portage Ave
Parcel No. 71-08-02-262-003.000-026
Tax ID:018-1059-2490
Legal Description: Lot 35 Shetterly Place 2nd
Commonly Known As: 828 Portage Ave
Parcel No. 71-08-02-262-004.000-026
Tax ID:018-1059-2491
Legal Description: Lot 36 Shetterly Pl 2nd
Commonly Known As: 824 Portage Ave
Parcel No. 71-08-02-405-001.000-026
Tax ID:018-1059-2492
Legal Description: Lot 37 Shetterly Pl 2nd
Commonly Known As: 812 Portage Ave
Parcel No. 71-08-02-405-002.000-026
Tax ID: 018-1059-2505
Legal Description: Lot 7 C E Smiths Sub Of Lots 38-41 Of Shetterly Place 2nd Plat
Commonly Known As: 808 Portage Ave
Page 3 of 3
EXHIBIT C
Form of Report to Commission
City of South Bend
Department of Community Investment
Development Agreement Review
Answer the questions below and return to the Department of Community Investment.
Project Information
Project Name: __________________________________________________________
Address: _______________________________________________________________
Construction Completed to Date:
Project Schedule Update:
Itemized Accounting of Private Investment to Date:
Name: _______________________________________
Address: _______________________________________
_______________________________________
Position: _______________________________________
Email: _______________________________________
Signature: ___________________________________ Date: ___________________
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : June 9, 2026
FROM: Erik Glavich, Director of Growth &
Opportunity
SUBJECT: Development Agreement – The Row at Ward
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: Development Agreement for The Row at Ward Project (Developer: ID2 LLC)
SPECIFICS: The Commission will consider a development agreement for Phase 1 of a new housing
development on the 800 block of Portage Avenue by local development team ID2 LLC. In April, the
Commission executed a purchase agreement with the developer for the land on which Phase 1 will be
located.
The team behind ID2 LLC has been building and rehabilitating mixed-income housing in the Near
Northwest Neighborhood for several years. The proposed Development Agreement commits ID2 LLC to
construct 15 new housing units across 10 lots. Of these, 4 properties will be sold to households at or
below 100% AMI, and an additional 3 properties will be sold to households at or below 120% AMI. These
commitments are consistent with the terms of the Purchase Agreement, contingent upon the Commission
adopting a related amendment currently under consideration.
If approved, the Development Agreement specifies that (1) the Funding Amount provided by the RDC will
not exceed $950,000, and (2) the developer will invest no less than $2.1 million in private funds. The
developer also agrees to complete the project within 24 months of closing on the property.
The RDC funding will be used for structural work, including foundations and footings, as well as for the
purchase of key materials such as framing, windows, and doors.
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
1
DEVELOPMENT AGREEMENT
This Development Agreement (this “Agreement”), is effective as of _______________,
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 ID2 LLC, an Indiana Limited Liability Company, with
registered offices at 1251 N. Eddy Street, Suite 200, South Bend, Indiana 46617 (the “Developer”)
(each, a “Party,” and collectively, the “Parties”).
RECITALS
WHEREAS, the Commission exists and operates under the provisions of the
Redevelopment of Cities and Towns Act of 1953, as amended (I.C. 36-7-14 et seq., the “Act”);
and
WHEREAS, the Act provides that the clearance, replanning, and redevelopment of
redevelopment areas are public uses and purposes for which public money may be spent; and
WHEREAS, the Developer is a housing developer based in the City with a goal to provide
quality housing; and
WHEREAS, the Developer and the Commission entered into a Real Estate Purchase
Agreement on April 9, 2026 (the “Purchase Agreement”), for certain vacant and inactive real
property described in Exhibit A, together with all improvements thereon and all easements, rights,
licenses, and other interests appurtenant thereto (for purposes of this Agreement, referred to as the
“Developer Property”); and
WHEREAS, in exchange for the discounted price for the Developer Property, the Purchase
Agreement contains certain post-closing development obligations the Developer must meet; and
WHEREAS, the Developer currently has private financing and desires to construct,
renovate, or otherwise rehabilitate certain elements of the Developer Property (the “Project”) in
accordance with the project plan (the “Project Plan”) attached hereto as Exhibit B; and
WHEREAS, the Developer Property is located within the corporate boundaries of the City,
within the River West Development Area or areas serving the Development Area (the “Area”);
and
WHEREAS, the Commission has adopted (and subsequently amended, from time to time)
a development plan, which contemplates development of the Area consistent with the Project; and
WHEREAS, the City is committed to support the development of new housing in South
Bend; and
WHEREAS, the Project will create fifteen (15) housing units with the Developer
committing to sell no fewer than four (4) properties to households with incomes at or below one
hundred percent (100%) of the Area Median Income (AMI) and no fewer than three (3) additional
properties to households with incomes at or below one hundred twenty percent (120%) AMI; and
2
WHEREAS, the Project will contribute to the revitalization of the surrounding area and
add vibrancy to the neighborhood through construction on currently vacant land; and
WHEREAS, the Commission believes that accomplishing the Project as described herein
is in the best interests of the health, safety, and welfare of the City and its residents; and
WHEREAS, the Commission desires to facilitate and assist the Project, subject to and
conditioned upon the closing of the Purchase Agreement, by undertaking the local public
improvements stated in Exhibit C (the “Local Public Improvements”) and the financing thereof,
subject to the terms and conditions of this Agreement and in accordance with the Act.
NOW, THEREFORE, in consideration of the mutual promises and obligations stated in
this Agreement, the adequacy of which is hereby acknowledged, the Parties agree as follows:
SECTION 1. DEFINITIONS.
Unless otherwise defined in this Agreement, capitalized terms used in this Agreement have
the following meanings:
1.1 Assessed Value. “Assessed Value” means the market value-in-use of a property,
used for property tax assessment purposes as determined by the St. Joseph County Assessor.
1.2 Board of Works. “Board of Works” means the Board of Public Works of the City,
a public body granted the power to award contracts for public works pursuant to I.C. 36-1-12.
1.3 Funding Amount. “Funding Amount” means an amount not to exceed Nine
Hundred Fifty Thousand Dollars ($950,000.00) of tax increment finance revenues to be used for
paying the costs associated with the construction, equipping, inspection, and delivery of the Local
Public Improvements.
1.4 Private Investment. “Private Investment” means an amount no less than Two
Million One Hundred Thousand Dollars ($2,100,000.00) to be expended by the Developer for the
costs associated with constructing the improvements set forth in the Project Plan, including
architectural, engineering, and any other costs directly related to completion of the Project that are
expected to contribute to increases in the Assessed Value of the Developer Property.
SECTION 2. INTERPRETATION, TERMS, AND RECITALS.
2.1 Interpretation.
(a) The terms “herein,” “hereto,” “hereunder,” and all terms of similar import
shall be deemed to refer to this Agreement as a whole rather than to any Article of, Section
of, or Exhibit to this Agreement.
(b) Unless otherwise specified, references in this Agreement to (i) “Section” or
“Article” shall be deemed to refer to the Section or Article of this Agreement bearing the
number so specified, (ii) “Exhibit” shall be deemed to refer to the Exhibit of this Agreement
3
bearing the letter or number so specified, and (iii) references to this “Agreement” shall
mean this Agreement and any exhibits and attachments hereto.
(c) Captions used for or in Sections, Articles, and Exhibits of this Agreement
are for convenience of reference only and shall not affect the construction of this
Agreement.
(d) The terms “include,” “including,” and “such as” shall each be construed as
if followed by the phrase “without being limited to.”
2.2 Recitals. The Recitals set forth above are incorporated into and are a part of this
Agreement for all purposes.
SECTION 3. ACCESS.
3.1 Grant of Easement. The Developer will grant to the Commission a temporary, non-
exclusive easement on, in, over, under and across any part(s) of the Developer Property (the
“Easement”) in the form attached hereto as Exhibit D, to permit the Commission to fulfill its
obligations under this Agreement, including the construction, equipping, inspection, and delivery
of the Local Public Improvements. The Easement shall (a) inure to the benefit of the Commission
and the Board of Works or any contractors acting on behalf of the Commission in connection with
the construction, equipping, inspection, and delivery of the Local Public Improvements; (b) shall
bind the Developer and its grantees, successors, and assigns; and (c) shall terminate no later than
upon completion of the Local Public Improvements, as determined by the Board of Works.
SECTION 4. DEVELOPER’S OBLIGATIONS.
4.1 Generally. The Parties acknowledge and agree that the Commission’s agreements
to perform and abide by the covenants and obligations set forth in this Agreement are material
consideration for the Developer’s commitment to perform and abide by the covenants and
obligations of the Developer contained in this Agreement. Additionally, the Parties acknowledge
that the Purchase Agreement and this Agreement are separate but related agreements, each
containing obligations that may survive the closing of the Purchase Agreement, and nothing herein
is intended to limit or diminish any post-closing obligations set forth in the Purchase Agreement.
The Parties further acknowledge and agree that the effectiveness of this Agreement and the
obligations of all Parties hereunder are expressly conditioned upon the closing of the Purchase
Agreement. Unless and until the Purchase Agreement has closed, this Agreement shall have no
force or effect.
4.2 The Project.
(a) The Developer will perform all necessary work to complete the
improvements set forth in the Project Plan attached hereto as Exhibit B and the plans and
specifications to be approved by the City’s Executive Director of the Department of
Community Investment , or his or her designee, pursuant to Section 4.7 (“Submission of
Plans and Specifications for Project”) of this Agreement, which improvements shall
comply with all zoning and land use laws and ordinances.
4
(b) The Developer will expend the Private Investment to complete the Project
in accordance with the Project Plan attached hereto as Exhibit B and the plans and
specifications to be approved by the Commission pursuant to Section 4.7 (“Submission of
Plans and Specifications for Project”) of this Agreement.
4.3 Cooperation. The Developer agrees to endorse and support the Commission’s
efforts to expedite the Local Public Improvements through any required planning, design, public
bidding, construction, inspection, waiver, permitting, and related regulatory processes.
4.4 Obtain Necessary Easements. The Developer agrees to obtain any and all
easements from any governmental entity and/or any other third parties that the Developer or the
Commission deems necessary or advisable in order to complete the Local Public Improvements,
and the obtaining of such easements is a condition precedent to the Commission’s obligations
under this Agreement.
4.5 Timeframe for Completion. The Developer hereby agrees to complete the Project
as set forth in the Project Plan attached hereto as Exhibit B and any other obligations the Developer
may have under this Agreement by the completion date established in the Purchase Agreement, or
otherwise agreed between the Developer and the Commission, as may be modified due to
unforeseen circumstances and delays (the “Mandatory Project Completion Date”).
Notwithstanding any provision of this Agreement to the contrary, the Developer’s failure to
complete the Project, expend the Private Investment, or fulfill any other obligations the Developer
may have under this Agreement by the Mandatory Project Completion Date will constitute a
default under this Agreement without any requirement of notice of or an opportunity to cure such
failure.
4.6 Reporting Obligations.
(a) Upon the letting of contracts for substantial portions of the Project and again
upon substantial completion of the Project, the Developer hereby agrees to report to the
Commission the number of local contractors and local laborers involved in the Project, the
amount of bid awards for each contract related to the Project, and information regarding
which contractor is awarded each contract with respect to the Project.
(b) On or before June 30 and December 31 of each year until substantial
completion of the Project, the Developer shall submit to the Commission a report, in the
format set forth as Exhibit E, demonstrating the Developer’s good-faith compliance with
the terms of this Agreement. The report shall include the following information and
documents: (i) a status report of the construction completed to date, (ii) an update on the
project schedule, (iii) an itemized accounting generally identifying the Private Investment
to date, and (iv) a status report of the number of jobs created for employment at the
Developer Property.
(c) The Developer’s obligations with respect to the affordability requirements
set forth in Exhibit B shall survive completion of the Project. Following the sale of each
housing unit subject to such affordability requirements, the Developer shall provide to the
Commission documentation reasonably acceptable to the Commission demonstrating that
5
the purchaser’s household income does not exceed AMI income thresholds at the time of
sale. Within thirty (30) days after the sale of the final housing unit subject to the
affordability requirements, the Developer shall certify to the Commission that it has
satisfied such requirements in full, and, upon request, provide such additional information
or documentation as the Commission reasonably determines necessary to verify such
certification and compliance with the affordability requirements. Failure to comply with
the affordability requirements set forth in Exhibit B or to provide the documentation
required by this Section shall constitute a default under this Agreement.
4.7 Submission of Plans and Specifications for Project. Promptly upon completion of
all plans and specifications for the Project, or changes thereto, and prior to the Commission’s
expenditure of any portion of the Funding Amount, the Developer shall deliver a complete set
thereof to the City’s Executive Director of the Department of Community Investment, or his or
her designee, who may approve or disapprove said plans and specifications for the Project in his
or her sole discretion and may request revisions or amendments to be made to the same.
4.8 Costs and Expenses of Construction of Project. The Developer hereby agrees to
pay, or cause to be paid, all costs and expenses of planning, construction, management, and all
other activities or purposes associated with the Project (including legal, architectural, and
engineering fees), exclusive of the Local Public Improvements, which shall be paid for by the
Commission by and through the Funding Amount subject to the terms of this Agreement.
4.9 Specifications for Local Public Improvements. The Developer will be responsible
for the preparation of all bid specifications related to the Local Public Improvements, and the
Developer will pay all costs and expenses of such preparation, provided, however, that if the
Commission pays any costs or expenses of such preparation, then the amount paid by the
Commission will be deducted from the Funding Amount. The Developer will submit all bid
specifications related to the Local Public Improvements to the City of South Bend Engineering
Department (the “Engineering Department”). The Engineering Department may approve or
disapprove said bid specifications for the Project in its sole discretion and may request revisions
or amendments to be made to the same. The Commission shall not be required to expend the
Funding Amount unless the Engineering Department has approved all bid specifications.
4.10 Non-Interference. Developer hereby agrees to use commercially reasonable efforts
to minimize disruption for those living and working near the Developer Property during
construction of the Project.
4.11 Insurance. The Developer shall purchase and maintain comprehensive insurance
coverage as is appropriate for the work being performed with respect to the Project. The Developer
shall provide proof of such adequate insurance to the Commission and shall notify the Commission
and the City of any change in or termination of such insurance. During the period of construction
or provision of services regarding any Local Public Improvements, the Developer shall maintain
insurance in the kinds and for at least the minimum amounts as described in Exhibit F attached
hereto and the Commission and the City shall be named as additional insureds on such policies
(but not on any worker’s compensation policies).
6
4.12 Information. The Developer agrees to provide any and all due diligence items with
respect to the Project reasonably requested by the Commission.
SECTION 5. COMMISSION’S OBLIGATIONS.
5.1 Generally. The Parties acknowledge and agree that the Developer’s agreement to
perform and abide by the covenants and obligations set forth in this Agreement is material
consideration for the Commission’s commitment to perform and abide by the covenants and
obligations of the Commission contained in this Agreement; provided, however, that the
Commission shall have no obligation to perform under this Agreement unless and until the closing
of the Purchase Agreement has occurred.
5.2 Completion of Local Public Improvements.
(a) The Commission hereby agrees to complete (or cause to be completed) the
Local Public Improvements described in Exhibit C attached hereto on a schedule to be
reasonably determined and agreed to by the Commission and the Developer, as may be
modified due to unforeseen circumstances and delays. In the event that the Purchase
Agreement is terminated or does not close, and the transfer of Property contemplated
therein does not occur, this Development Agreement shall become null and void, and the
Commission shall have no obligation to complete or cause to be completed the Local Public
Improvements or expend any portion of the Funding Amount.
(b) Before any work on the Local Public Improvements will commence, (a) the
Commission will have received satisfactory plans and specifications for the Project and
responded in accordance with Section 4.7 (“Submission of Plans and Specifications for
Project”) of this Agreement, and (b) the Engineering Department will have received
satisfactory bid specifications for the Local Public Improvements and approved the same
in accordance with Section 4.9 (“Specifications for Local Public Improvements”) of this
Agreement.
(c) The Local Public Improvements will be completed in accordance with all
applicable public bidding and contracting laws and will be subject to inspection by the
Engineering Department or its designee.
(d) Notwithstanding anything contained herein to the contrary, in the event the
costs associated with the Local Public Improvements are in excess of the Funding Amount,
Developer, at its sole option, may determine to pay to the Commission the amount of the
excess costs to permit timely completion of the Local Public Improvements by the
Commission, or an agent of the Commission, which amounts shall be applied for such
purpose. If Developer chooses not to pay any such excess costs of the Local Public
Improvements (above the Funding Amount), the Commission may reduce the scope of the
Local Public Improvements to the amount which may be funded with the Funding Amount.
In no event will the Commission be required to spend more than the Funding Amount in
connection with the Local Public Improvements.
5.3 Cooperation. The Commission agrees to endorse and support the Developer’s
efforts to expedite the Project through any required planning, design, permitting, waiver, and
7
related regulatory processes, provided, however, that the Commission will not be required to
expend any money in connection therewith.
5.4 Public Announcements, Press Releases, and Marketing Materials. The
Commission hereby agrees to coordinate all public announcements and press releases relating to
the Project with the Developer.
SECTION 6. COOPERATION IN THE EVENT OF LEGAL CHALLENGE.
6.1 Cooperation. In the event of any administrative, legal, or equitable action or other
proceeding instituted by any person not a party to this Agreement challenging the validity of any
provision of this Agreement, the Parties shall cooperate in defending such action or proceeding to
settlement or final judgment including all appeals. Each Party shall select its own legal counsel;
however, Developer shall reimburse the Commission for its reasonable attorneys’ fees associated
with the Commission’s defense of this Agreement against a third-party lawsuit. In no event shall
the Commission be required to bear the fees and costs of the Developer’s attorneys. The Parties
agree that if any other provision of this Agreement, or this Agreement as a whole, is invalidated,
rendered null, or set aside by a court of competent jurisdiction, the Parties agree to be bound by
the terms of this Section 6.1, which shall survive such invalidation, nullification, or setting aside.
SECTION 7. DEFAULT.
7.1 Default. Any failure by either Party to perform any term or provision of this
Agreement, which failure continues uncured for a period of thirty (30) days following written
notice of such failure from the other Party, shall constitute a default under this Agreement. Any
notice given pursuant to the preceding sentence shall specify the nature of the alleged failure and,
where appropriate, the manner in which said failure satisfactorily may be cured. Upon the
occurrence of a default under this Agreement, the non-defaulting Party may (a) terminate this
Agreement, or (b) institute legal proceedings at law or in equity (including any action to compel
specific performance) seeking remedies for such default. If the default is cured within thirty (30)
days after the notice described in this Section 7.1, then no default shall exist and the noticing Party
shall take no further action.
7.2 Reimbursement Obligation. In the event that the Developer fails (a) to complete
the Project by the Mandatory Project Completion Date, or (b) to expend the full amount of the
Private Investment by the Mandatory Project Completion Date, then the Commission shall be
entitled to recover from Developer, as liquidated damages, One Hundred Fifty Percent (150%) of
the portion of the Funding Amount expended by the Commission in furtherance of the Local Public
Improvements (“Liquidated Damages”). The Parties acknowledge and agree that the actual
damages to the Commission, the City, and its citizens in the event of a default by Developer would
be difficult or impossible to determine, and the Liquidated Damages set forth above represents the
best estimate of the Parties as to the amount of such damages at the time of execution and delivery
of this Agreement. If the Developer fails to perform and complete the work within the timeframe
fixed for completion, the Liquidated Damages shall be considered not as a penalty, but as agreed
upon monetary damages sustained by the Commission, the City, and citizens of South Bend for
the Commission’s direct investment into the Project, the negative impact upon the Commission’s
ability to develop other projects in South Bend, and expenses of City employees supporting the
8
Project, including, redevelopment staff, engineering staff, legal department staff, and a
construction manager on site. The remedies set forth in this Section 7.2 are cumulative and are in
addition to, and not in lieu of, any other rights or remedies available to the Commission under the
Purchase Agreement or this Agreement, or at law or in equity, except to the extent expressly
limited herein.
7.3 Force Majeure. Notwithstanding anything to the contrary contained in this
Agreement, none of the Parties shall be deemed to be in default where delays in performance or
failures to perform are due to, and a necessary outcome of, war, insurrection, strikes or other labor
disturbances, walk-outs, riots, floods, earthquakes, fires, casualties, acts of God, acts of terrorism,
restrictions imposed or mandated by governmental entities, enactment of conflicting state or
federal laws or regulations, new or supplemental environments regulations, contract defaults by
third parties, or similar basis for excused performance which is not within the reasonable control
of the Party to be excused (each, an event of “Force Majeure”). Upon the request of any of the
Parties, a reasonable extension of any date or deadline set forth in this Agreement due to such
cause will be granted in writing for a period necessitated by the event of Force Majeure, or longer
as may be mutually agreed upon by all the Parties.
SECTION 8. NO AGENCY, JOINT VENTURE, OR PARTNERSHIP; CONFLICT OF
INTEREST; INDEMNITY.
8.1 No Agency, Joint Venture or Partnership. The Parties acknowledge and agree that:
(a) The Project is a private development;
(b) None of the Commission, the Board of Works, or the Developer has any
interest or responsibilities for, or due to, third parties concerning any improvements until
such time, and only until such time, that the Commission, the Board of Works, and/or the
Developer expressly accepts the same; and
(c) The Parties hereby renounce the existence of any form of agency
relationship, joint venture or partnership between the Commission, the Board of Works,
and the Developer and agree that nothing contained herein or in any document executed in
connection herewith shall be construed as creating any such relationship between the
Commission, the Board of Works, and the Developer.
8.2 Conflict of Interest; Commission Representatives Not Individually Liable. No
member, official, or employee of the Commission or the City may have any personal interest,
direct or indirect, in this Agreement, nor shall any such member, official, or employee participate
in any decision relating to this Agreement which affects his or her personal interests or the interests
of any corporation, partnership, or association in which he or she is, directly or indirectly,
interested. No member, official, or employee of the Commission or the City shall be personally
liable to the Developer, or any successor in interest, in the event of any default or breach by the
Commission or for any amount which may become due to the Developer, or its successors and
assigns, or on any obligations under the terms of this Agreement. No partner, member, employee,
or agent of the Developer or successors of them shall be personally liable to the Commission under
this Agreement.
9
8.3 Indemnity. The Developer agrees to indemnify, defend, and hold harmless the
Commission and the City from and against any third-party claims suffered by the Commission or
the City resulting from or incurred in connection with the Local Public Improvements or the
Project.
SECTION 9. MISCELLANEOUS.
9.1 Severability. If any term or provision of this Agreement is held by a court of
competent jurisdiction to be invalid, void, or unenforceable, the remaining terms and provisions
of this Agreement shall continue in full force and effect unless amended or modified by mutual
consent of the parties.
9.2 Waiver. Neither the failure nor any delay on the part of a Party to exercise any
right, remedy, power, or privilege under this Agreement shall operate as a waiver thereof, nor shall
any single or partial exercise of any right, remedy, power, or privilege preclude any other or further
exercise of the same or of any right, remedy, power, or privilege with respect to any occurrence
be construed as a waiver of any such right, remedy, power, or privilege with respect to any other
occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted
to have granted such waiver.
9.3 Other Necessary Acts. Each Party shall execute and deliver to the other Parties all
such other further instruments and documents as may be reasonably necessary to accomplish the
Project and the Local Public Improvements contemplated by this Agreement and to provide and
secure to the other Parties the full and complete enjoyment of its rights and privileges hereunder.
Notwithstanding the foregoing, the Parties understand and agree that certain actions contemplated
by this Agreement may be required to be undertaken by persons, agencies, or entities that are not
a party to this Agreement, including, but not limited to certain permits, consents, and/or approvals
(to the extent they have not yet been obtained and completed), and that any action by such third
parties shall require independent approval by the respective person, agency, entity, or governing
body thereof.
9.4 Dispute Resolution; Waiver of Jury Trial. Any action to enforce the terms or
conditions of this Agreement or otherwise concerning a dispute under this Agreement will be
commenced in the courts of St. Joseph County, Indiana, unless the Parties mutually agree to an
alternative method of dispute resolution. The Parties acknowledge that disputes arising under this
Agreement are likely to be complex and they desire to streamline and minimize the cost of
resolving such disputes. In any legal proceeding, each Party irrevocably waives the right to trial
by jury in any action, counterclaim, dispute, or proceeding based upon, or related to, the subject
matter of this Agreement. This waiver applies to all claims against all parties to such actions and
proceedings. This waiver is knowingly, intentionally, and voluntarily made by both Parties.
9.5 Attorneys’ Fees. In the event the Commission pursues any legal action (including
arbitration) to enforce or interpret this Agreement, Developer shall pay Commission’s reasonable
attorneys’ fees and other costs and expenses (including expert witness fees).
9.6 Equal Employment Opportunity. The Developer, for itself and its successors and
assigns, agrees that during the construction of the Project:
10
(a) The Developer will not discriminate against any employee or applicant for
employment because of race, color, religion, sex, or national origin. The Developer agrees
to post in conspicuous places, available to employees and applicants for employment,
notices setting forth the provisions of this nondiscrimination clause; and
(b) The Developer will state, in all solicitations or advertisements for
employees placed by or on behalf of the Developer, that all qualified applicants will receive
consideration for employment without regard to race, color, religion, sex, or national origin.
9.7 Counterparts. This Agreement may be executed in separate counterparts, each of
which when so executed shall be an original, but all of which together shall constitute one and the
same instrument. Any electronically transmitted version of a manually executed original shall be
deemed a manually executed original.
9.8 Notices and Demands. Any notice, demand, or other communication required or
permitted under the terms of this Agreement may be delivered (a) by hand-delivery (which will be
deemed delivered at the time of receipt), (b) by registered or certified mail, return receipt requested
(which will be deemed delivered three (3) days after mailing), or (c) by overnight courier service
(which will be deemed delivered on the next business day) to each Party’s respective addresses
and representatives stated below.
Developer: ID2 LLC
1251 N. Eddy Street, Suite 200
South Bend, Indiana 46617
Attn: Jordan Richardson
With a copy to: ______________________________
______________________________
______________________________
Attn: ______________________________
Commission: South Bend Redevelopment Commission
215 S. Dr. Martin Luther King Jr. Boulevard, Suite 500
South Bend, Indiana 46601
Attn: Executive Director, Department of
Community Investment
With a copy to: South Bend Legal Department
215 S. Dr. Martin Luther King Jr. Boulevard, Suite 600
South Bend, IN 46601
Attn: Corporation Counsel
11
9.9 Governing Law. This Agreement is governed by and construed in accordance with
the laws of the State of Indiana.
9.10 Authority. Each undersigned person executing and delivering this Agreement on
behalf of a Party represents and certifies that he or she is the duly authorized officer or
representative of such Party, that he or she has been fully empowered to execute and deliver this
Agreement on behalf of such Party, and that all necessary action to execute and deliver this
Agreement has been taken by such Party.
9.11 No Third-Party Beneficiaries. Nothing in this Agreement, express or implied, is
intended or shall be construed to confer upon any person, firm, or corporation other than the Parties
hereto and their respective successors or assigns, any remedy or claim under or by reason of this
Agreement or any term, covenant, or condition hereof, as third-party beneficiaries or otherwise,
and all of the terms, covenants, and conditions hereof shall be for the sole and exclusive benefit of
the Parties herein.
9.12 Assignment. The Developer’s rights under this Agreement shall be personal to the
Developer and shall not run with the land. The Developer may not assign its rights or obligations
under this Agreement to any third party without obtaining the Commission’s prior written consent
to such assignment, which the Commission may give or withhold in its sole discretion. In the
event the Developer seeks the Commission’s consent to any such assignment, the Developer shall
provide to the Commission all relevant information concerning the identities of the persons or
entities proposed to be involved in and an explanation of the purposes for the proposed
assignment(s).
9.13 Further Assurances. The Parties agree that they will each undertake in good faith,
as permitted by law, any action and execute and deliver any document reasonably required to carry
out the intents and purposes of this Agreement.
9.14 Exhibits. All exhibits described herein and attached hereto are incorporated into
this Agreement by reference.
9.15 Entire Agreement. No representation, promise, or inducement not included in this
Agreement will be binding upon the Parties hereto. This Agreement cannot be modified except
by mutual agreement of the Parties set forth in a written instrument signed by the Parties’
authorized representatives.
9.16 Time. Time is of the essence of this Agreement.
Signature Page Follows
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IN WITNESS WHEREOF, the Parties hereby execute this Agreement to be effective as of
the Effective Date stated above.
SOUTH BEND REDEVELOPMENT
COMMISSION
______________________________
David Relos, President
ATTEST:
______________________________
Eli Wax, Secretary
ID2 LLC
______________________________
Jordan Richardson, Member
A-1
EXHIBIT A
Description of Property Acquired or to be Acquired by the Developer from the City
Parcel Key Number: 71-08-02-262-005.000-026
Local Parcel Number: 018-1060-2553
Legal Description: Ex 88 Ft Ely Side Lot 59 Shetterly Place 2nd
Commonly Known As: 710 Rex Street
Parcel Key Number: 71-08-02-262-001.000-026
Local Parcel Number: 018-1059-2488
Legal Description: 78 Ft On Portage Nw Pt Lot 34 Shetterly Pl 2nd
Commonly Known As: 838 Portage Avenue
Parcel Key Number: 71-08-02-262-002.000-026
Local Parcel Number: 018-1059-2489
Legal Description: Lot 34 Ex Pts Sold Shetterly Pl 2nd
Commonly Known As: 836 Portage Avenue
Parcel Key Number: 71-08-02-262-003.000-026
Local Parcel Number: 018-1059-2490
Legal Description: Lot 35 Shetterly Place 2nd
Commonly Known As: 828 Portage Avenue
Parcel Key Number: 71-08-02-262-004.000-026
Local Parcel Number: 018-1059-2491
Legal Description: Lot 36 Shetterly Pl 2nd
Commonly Known As: 824 Portage Avenue
Parcel Key Number: 71-08-02-405-001.000-026
Local Parcel Number: 018-1059-2492
Legal Description: Lot 37 Shetterly Pl 2nd
Commonly Known As: 812 Portage Avenue
Parcel Key Number: 71-08-02-405-002.000-026
Local Parcel Number: 018-1059-2505
Legal Description: Lot 7 C E Smiths Sub Of Lots 38-41 Of Shetterly Place 2nd Plat
Commonly Known As: 808 Portage Avenue
B-1
EXHIBIT B
Project Plan
The Developer will complete the following work in accordance with the terms and
conditions of this Agreement and in compliance with all applicable laws and regulations:
The Developer shall construct fifteen (15) housing units, which includes a mix of
townhomes, accessory dwelling units, and/or other housing types.
The Developer shall offer for sale no fewer than ten (10) properties for purchase, and seven
(7) of the properties shall be subject to the following requirements:
• No fewer than four (4) of the properties shall be purchased by households with
incomes at or below one hundred percent (100%) AMI.
• No fewer than three (3) additional properties shall be purchased by households
with incomes at or below one hundred twenty percent (120%) AMI.
Each housing unit shall be deemed complete upon the issuance of a Certificate of
Occupancy pertaining to that unit.
C-1
EXHIBIT C
Description of Local Public Improvements
The Commission will complete, or cause to be completed, the following work in
accordance with the terms and conditions of this Agreement and in compliance with all applicable
laws and regulations:
• Purchase of concrete and completion of associated structural work, including
installation of foundations, footings, and other related structural elements for each
structure;
• Purchase of other materials, including but not restricted to, framing, windows, and
doors, to support local public improvements to the Developer Property; and
• Any other local public improvements eligible to be paid from tax increment finance
revenues as agreed upon between the Parties.
It is understood between the Parties that the Commission will contribute an amount not to
exceed the Funding Amount specified in Section 1.3 of this Agreement for the Local Public
Improvements. The Developer shall have the sole responsibility to fund any and all costs
associated with Local Public Improvements which exceeds the Funding Amount. Any and
all costs associated with improvements not explicitly described above and not approved
pursuant to Section 4.9 (“Specifications for Local Public Improvements”) or that require
funding above the Funding Amount are the sole responsibility of the Developer.
EXHIBIT D
Form of Easement
D-1
GRANT OF TEMPORARY EASEMENT
THIS INDENTURE, made as of the _________ of ____________, 2026 (the “Effective
Date”), by and between ID2 LLC, an Indiana Limited Liability Company, with registered offices
at 1251 N. Eddy Street, Suite 200, South Bend, Indiana 46617 (the “Grantor”), and the South Bend
Redevelopment Commission, governing body of the City of South Bend Department of
Redevelopment, 215 S. Dr. Martin Luther King Jr. Boulevard, Suite 500, South Bend, Indiana
46601 (the “Grantee”).
WITNESSETH:
For the sum of One Dollar ($1.00) and other good and valuable consideration, the receipt
of which Grantor hereby acknowledges, Grantor hereby grants, conveys, and warrants to Grantee
a temporary, non-exclusive easement (the “Easement”) on, in, over, under and across the real
property described in attached Exhibit 1 (the “Property”) for the construction, equipping, and
delivery of certain improvements on the Property (the “Local Public Improvements”), together
with the right of ingress to and egress from the Easement for said purposes, all pursuant to a certain
Development Agreement by and between Grantor and Grantee, dated ____________, 2026 (the
“Development Agreement”). Capitalized terms not otherwise defined herein shall have the
meanings set forth in the Development Agreement.
The Easement granted herein shall pertain to the air, surface, and subsurface rights and
interests of Grantor, for the use and benefit of Grantee, and its successors and assigns, to the extent
necessary to accomplish and carry out the construction, equipping, and delivery of the Local Public
Improvements on the Property. The Easement hereby granted includes the right and privilege for
Grantee at reasonable times to clean and remove from said Easement any debris or obstructions
interfering with said Easement.
The Easement granted herein, and its associated benefits and obligations, shall inure to the
benefit of Grantee and Grantee’s contractors acting on Grantee’s behalf in connection with the
Local Public Improvements.
Notwithstanding anything contained herein to the contrary, unless extended in writing by
Grantor, the Easement shall terminate and be of no further force and effect on the date (hereinafter,
the “Construction Termination Date”) of the earliest of the following: (a) completion of the Local
Public Improvements; (b) expiration or earlier termination of the Development Agreement; or (c)
such earlier date as Grantor and Grantee may agree to in writing.
D-2
IN WITNESS WHEREOF, Grantor has executed this Grant of Temporary Easement on
the date shown in the acknowledgment set forth below to be effective as of the Effective Date.
GRANTOR:
ID2 LLC
Printed: Jordan Richardson
Its: Member
STATE OF _________________ )
) SS:
COUNTY OF _________________ )
Before me, the undersigned, a Notary Public in and for said State, personally appeared
Jordan Richardson, to me known to be the Member of the Grantor in the above Grant of Temporary
Easement, and acknowledged the execution of the same as the Grantor’s free and voluntary act
and deed.
WITNESS my hand and Notarial Seal this __________ day of _______________, 20____.
________________________________________________
___________________________________, Notary Public
Residing in _________________ County, _____________
My Commission Expires: _______________________
I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless
required by law. /s/ Danielle Campbell Weiss
This instrument was prepared by Danielle Campbell Weiss, Senior Assistant City Attorney, City of South Bend, Indiana, Department of Law,
215 S. Dr. Martin Luther King Jr. Boulevard, Suite 600, South Bend, IN 46601.
D-3
EXHIBIT 1
Description of Property
Parcel Key Number: 71-08-02-262-005.000-026
Local Parcel Number: 018-1060-2553
Legal Description: Ex 88 Ft Ely Side Lot 59 Shetterly Place 2nd
Commonly Known As: 710 Rex Street
Parcel Key Number: 71-08-02-262-001.000-026
Local Parcel Number: 018-1059-2488
Legal Description: 78 Ft On Portage Nw Pt Lot 34 Shetterly Pl 2nd
Commonly Known As: 838 Portage Avenue
Parcel Key Number: 71-08-02-262-002.000-026
Local Parcel Number: 018-1059-2489
Legal Description: Lot 34 Ex Pts Sold Shetterly Pl 2nd
Commonly Known As: 836 Portage Avenue
Parcel Key Number: 71-08-02-262-003.000-026
Local Parcel Number: 018-1059-2490
Legal Description: Lot 35 Shetterly Place 2nd
Commonly Known As: 828 Portage Avenue
Parcel Key Number: 71-08-02-262-004.000-026
Local Parcel Number: 018-1059-2491
Legal Description: Lot 36 Shetterly Pl 2nd
Commonly Known As: 824 Portage Avenue
Parcel Key Number: 71-08-02-405-001.000-026
Local Parcel Number: 018-1059-2492
Legal Description: Lot 37 Shetterly Pl 2nd
Commonly Known As: 812 Portage Avenue
Parcel Key Number: 71-08-02-405-002.000-026
Local Parcel Number: 018-1059-2505
Legal Description: Lot 7 C E Smiths Sub Of Lots 38-41 Of Shetterly Place 2nd Plat
Commonly Known As: 808 Portage Avenue
EXHIBIT E
Form of Report to Commission
E-1
City of South Bend
Department of Community Investment
Development Agreement Review
Answer the below questions and return to the Department of Community Investment.
Project Information
Project Name: __________________________________________________________
Address: _______________________________________________________________
Construction Completed to Date:
Project Schedule Update:
Itemized Accounting of Private Investment to Date:
Number of Jobs Created:
Name: _______________________________________
Address: _______________________________________
_______________________________________
Position: _______________________________________
Email: _______________________________________
Signature: ___________________________________ Date: ___________________
F-1
EXHIBIT F
Minimum Insurance Amounts
A. Worker’s Compensation
1. State Statutory
2. Applicable Federal Statutory
3. Employer’s Liability $100,000.00
B. Comprehensive General Liability
1. Bodily Injury
a. $5,000,000.00 Each Occurrence
b. $5,000,000.00 Annual Aggregate Products
and Completed Operation
2. Property Damage
a. $5,000,000.00 Each Occurrence
b. $5,000,000.00 Annual Aggregate
C. Comprehensive Automobile Liability
1. Bodily Injury
a. $500,000.00 Each Person
b. $500,000.00 Each Accident
2. Property Damage
a. $500,000.00 Each Occurrence
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : June 11, 2026
FROM: Leslie Biek, Assistant City Engineer
SUBJECT: 2026 Rebuilding our Streets – Arterial Roads
Budget Request
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: Additional funds to pave arterial roadways within TIF districts
SPECIFICS: This is a request for funding from the River East and South Side TIF Districts to support the City’s
Paving Program. The Rebuilding our Streets plan focuses primarily on road condition and typically does prioritize
the amount of traffic the road carries. This has been great for residential roads that are often neglected for the
maintenance of higher volume roads. After 6 years of carrying out the plan, the major roads could use additional
focus to make sure they don’t fall into costly repair. We evaluated the arterial roads in the city and estimated the
cost to pave the lowest rated roads. The budget request is based on these estimates and will directly support
street resurfacing and reconstruction projects within each TIF boundary.
Funding is requested from each TIF District as follows: River East Development Area $1.0M
South Side Development Area $1.3M
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : June 11, 2026
FROM: Leslie Biek, Assistant City Engineer
SUBJECT: 2026 Rebuilding our Streets – Arterial Roads
Budget Request
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: Additional funds to pave arterial roadways within TIF districts
SPECIFICS: This is a request for funding from the River East and South Side TIF Districts to support the City’s
Paving Program. The Rebuilding our Streets plan focuses primarily on road condition and typically does prioritize
the amount of traffic the road carries. This has been great for residential roads that are often neglected for the
maintenance of higher volume roads. After 6 years of carrying out the plan, the major roads could use additional
focus to make sure they don’t fall into costly repair. We evaluated the arterial roads in the city and estimated the
cost to pave the lowest rated roads. The budget request is based on these estimates and will directly support
street resurfacing and reconstruction projects within each TIF boundary.
Funding is requested from each TIF District as follows: River East Development Area $1.0M
South Side Development Area $1.3M
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : June 9, 2026
FROM: Joseph Molnar, Deputy Director of Community
Investment
SUBJECT: Purchase Agreement for Sale of 126 N Niles
Ave
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: Real Estate Purchase Agreement for Sale of 126 N. Niles Avenue
SPECIFICS: The Commission owns the real property at 126 N. Niles Avenue, which was the former East
Race Headquarters. This property was put through disposition in September 2017 with 4 bids received on
September 28, 2017. The RDC approved the rejection of those bids on October 26, 2017.
Greater Lowell Holdings LLC has inquired about purchasing the building and would redevelop it into an
active retail use. The Commission will consider a purchase agreement with Greater Lowell Holdings LLC
with the following terms:
• Purchase Price: $83,000, which is the market rate value of parcel
• Due Diligence Period: 90 days
• Closing Deadline: 90 days after conclusion of due diligence
• Mandatory Property Improvements: Installation of new roof, HVAC system, doors and windows;
Buyer also commits to have an active retail use for 1 year after construction completion
• Construction Start Deadline: 12 months after closing
• Construction Completion Deadline: 24 months after closing
The sale of this property would bring a currently vacant building back to productive use, while bringing
new business to the River East Development Area.
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
1
REAL ESTATE PURCHASE
AGREEMENT
This Real Estate Purchase Agreement (this “Agreement”) is made on June 11, 2026 (the
“Contract Date”), by and between the City of South Bend, Indiana, Department of Redevelopment,
acting by and through its governing body, the South Bend Redevelopment Commission (“Seller”)
and Greater Lowell Holdings LLC, an Indiana Limited Liability Company, with a principal
mailing address of P.O. Box 148, South Bend, Indiana 46624-0148 (“Buyer”) (each a “Party” and
together the “Parties”).
RECITALS
A. Seller exists and operates pursuant to the Redevelopment of Cities and Towns
Act of 1953, as amended, being Ind. Code 36-7-14 (the “Act”).
B. In furtherance of its purposes under the Act, Seller owns one (1) parcel of real
property located in South Bend, Indiana (the “City”), commonly known as 126 N. Niles Avenue,
and more particularly described in attached Exhibit A (the “Property”).
C. Pursuant to the Act, Seller adopted its Resolution No. 3399 on August 24, 2017,
whereby Seller established a total offering price of Sixty-Four Thousand Four Hundred Dollars
($64,400.00) for the Property.
D. Pursuant to the Act, on August 24, 2017, Seller authorized the publication, on
September 1, 2017, and September 8, 2017, respectively, of a notice of its intent to sell the Property
and its desire to receive bids for said Property on or before September 28, 2017, at 9:00 A.M.
E. On September 28, 2017, at 9:00 A.M., Seller received four (4) bids for the
Property and each of the bids were opened and read aloud during the Commission’s public
meeting commencing at 9:30 A.M.
F. Pursuant to the Act, Seller adopted its Resolution No. 3418 on October 26, 2017,
whereby upon recommendation of the City of South Bend’s Department of Community
Investment and Seller’s examination of the bids, Seller rejected all bids.
G. Buyer subsequently expressed interest in purchasing the Property for purposes
of redeveloping the Property into a new retail use.
H. Having complied with the disposition procedures set forth in Section 22 of the
Act, Seller is authorized under subsection (h) thereof to dispose of the Property without further
publication or bidding, and Seller now desires to sell the Property to Buyer on the terms stated in
this Agreement.
THEREFORE, in consideration of the mutual covenants and promises in this Agreement
and other good and valuable consideration, the receipt of which is hereby acknowledged, Buyer
and Seller agree as follows:
2
1. RECITALS
The recitals above are hereby incorporated into this Agreement by reference.
2. OFFER AND ACCEPTANCE
A copy of this Agreement, signed by Buyer, constitutes Buyer’s offer to purchase the Property on
the terms stated in this Agreement and shall be delivered to Seller, in care of the following
representative (“Seller’s Representative”):
TO SELLER: City of South Bend
Department of Community Investment
215 S. Dr. Martin Luther King Jr. Boulevard, Suite 500
South Bend, Indiana 46601
Attn: Executive Director, Department of
Community Investment
WITH A COPY TO: South Bend Legal Department
215 S. Dr. Martin Luther King Jr. Boulevard, Suite 600
South Bend, Indiana 46601
Attn: Corporation Counsel
This offer shall expire thirty (30) days after delivery unless accepted by Seller. To accept Buyer’s
offer, Seller shall return a copy of this Agreement, counter-signed by Seller in accordance with
applicable laws, to the following (“Buyer’s Representative”):
TO BUYER: Greater Lowell Holdings LLC
P.O. Box 148
South Bend, Indiana 46624-0148
Attn: Frank Perri
WITH A COPY TO: ______________________________
______________________________
______________________________
Attn: ______________________________
3. PURCHASE PRICE AND EARNEST MONEY DEPOSIT
A. Purchase Price. The purchase price for the Property shall be Eighty-Three
Thousand Dollars ($83,000.00) (the “Purchase Price”), payable by Buyer to Seller in cash at the
closing described in Section 10 below (the “Closing,” the date of which is the “Closing Date”).
B. Earnest Money Deposit. Within ten (10) business days after the Contract Date,
Buyer will deliver to a title company selected by Seller and reasonably acceptable to Buyer (the
3
“Title Company”) the sum of Eight Hundred Thirty Dollars ($830.00), which Title Company on
behalf of Seller will hold as an earnest money deposit (the “Earnest Money Deposit”). Title
Company will be responsible for disposing of the Earnest Money Deposit in accordance with the
terms of this Agreement. The Earnest Money Deposit shall be credited against the Purchase Price
at the Closing or, if no Closing occurs, refunded or forfeited as provided below.
C. Termination During Due Diligence Period. If Buyer exercises its right to terminate
this Agreement by written notice to Seller in accordance with Section 4 below, the Earnest Money
Deposit shall be refunded to Buyer. If Buyer fails to exercise its right to terminate this Agreement
by written notice to Seller within the Due Diligence Period, then the Earnest Money Deposit shall
become non-refundable.
D. Liquidated Damages. If Seller complies with its obligations hereunder and Buyer,
not having terminated this Agreement during the Due Diligence Period in accordance with Section
4 below, fails to purchase the Property on or before the Closing Date, the Earnest Money Deposit
shall be forfeited by Buyer and retained by Seller as liquidated damages in lieu of any other
damages.
4. BUYER’S DUE DILIGENCE
A. Investigation. Buyer and Seller have made and entered into this Agreement based
on their mutual understanding that Buyer intends to develop the Property into a retail use open to
the public for the sale of goods or services, and to cause a business to operate from the Property in
a manner consistent with such use (the “Buyer’s Use”). Seller acknowledges that Buyer’s
determination of whether Buyer’s Use is feasible requires investigation into various matters
(Buyer’s “Due Diligence”). Therefore, Buyer’s obligation to complete the purchase of the
Property is conditioned upon the satisfactory completion, in Buyer’s discretion, of Buyer’s Due
Diligence, including, without limitation, Buyer’s examination, at Buyer’s sole expense, of zoning
and land use matters, environmental matters, real property title matters, and the like, as applicable.
B. Due Diligence Period. Buyer shall have a period of ninety (90) days following the
Contract Date to complete its examination of the Property in accordance with this Section 4 (the
“Due Diligence Period”). Notwithstanding the foregoing, the Parties may shorten or waive the
Due Diligence Period at any time by mutual written agreement, whereupon the Due Diligence
Period shall terminate on the date specified in such mutually written agreement.
C. Authorizations During Due Diligence Period. During the Due Diligence Period,
Seller authorizes Buyer, upon Buyer providing Seller with evidence that Buyer has general liability
insurance reasonably acceptable to Seller, in the amount of at least One Million Dollars
($1,000,000.00), naming Seller as an additional insured and covering the activities, acts, and
omissions of Buyer and its representatives at the Property, to:
(i) enter upon the Property or to cause agents to enter upon the Property for
purposes of examination; provided, that Buyer may not take any action upon the Property
which reduces the value thereof and Buyer may not conduct any invasive testing at the
Property without Seller’s express prior written consent; further provided, that if the
transaction contemplated herein is not consummated, Buyer shall promptly restore the
4
Property to its condition prior to entry, and agrees to defend, indemnify and hold Seller
harmless, before and after the Closing Date whether or not a closing occurs and regardless
of any cancellations or termination of this Agreement, from any liability to any third party,
loss or expense incurred by Seller, including without limitation, reasonable attorney fees
and costs arising from acts or omissions of Buyer or Buyer’s agents or representatives; and
(ii) file any application with any federal, state, county, municipal or regional
agency relating to the Property for the purpose of obtaining any approval necessary for
Buyer’s anticipated use of the Property. If Seller’s written consent to or signature upon
any such application is required by any such agency for consideration or acceptance of any
such application Buyer may request from Seller such consent or signature, which Seller
shall not unreasonably withhold. Notwithstanding the foregoing, any zoning
commitments or other commitments that would further restrict the future use or
development of the Property, beyond the restrictions in place as a result of the current
zoning of the Property, shall be subject to Seller’s prior review and written approval.
D. Environmental Site Assessment. Buyer may, at Buyer’s sole expense, obtain a
Phase I environmental site assessment of the Property pursuant to and limited by the authorizations
stated in this Section 4.
E. Termination of Agreement. If at any time within the Due Diligence Period Buyer
determines, in its sole discretion, not to proceed with the purchase of the Property, Buyer may
terminate this Agreement by written notice to Seller’s Representative, and Buyer shall be entitled
to a full refund of the Earnest Money Deposit.
5. SELLER’S DOCUMENTS
Upon Buyer’s request, Seller will provide Buyer a copy of all known environmental inspection,
engineering, title, and survey reports and documents in Seller’s possession relating to the Property.
In the event the Closing does not occur, Buyer will immediately return all such reports and
documents to Seller’s Representative with or without a written request by Seller.
6. PRESERVATION OF TITLE
After the Contract Date, Seller shall not take any action or allow any action to be taken by others
to cause the Property to become subject to any interests, liens, restrictions, easements, covenants,
reservations, or other matters affecting Seller’s title (such matters are referred to as
“Encumbrances”). Seller acknowledges that Buyer intends to obtain, at Buyer’s sole expense, and
to rely upon a commitment for title insurance on the Property (the “Title Commitment”) and a
survey of the Property (the “Survey”) identifying all Encumbrances as of the Contract Date. The
Property shall be conveyed to Buyer free of any Encumbrances other than Permitted
Encumbrances (as defined in Section 8 below).
7. TITLE COMMITMENT AND POLICY REQUIREMENTS
Buyer shall obtain the Title Commitment for an owner’s policy of title insurance issued by the
Title Company within twenty (20) days after the Contract Date. The Title Commitment shall (i)
5
agree to insure good, marketable, and indefeasible fee simple title to the Property (including public
road access) in the name of Buyer for the full amount of the Purchase Price upon delivery and
recordation of a special warranty deed (the “Special Warranty Deed”) from Seller to Buyer and
(ii) provide for issuance of a final ALTA owner’s title insurance policy, with any endorsements
requested by Buyer, subject to the Permitted Encumbrances. Regardless of whether this
transaction closes, Buyer shall be responsible for all of the Title Company’s title search charges
and all costs of the Title Commitment and owner’s policy.
8. REVIEW OF TITLE COMMITMENT AND SURVEY
Within twenty (20) days after Buyer’s receipt of the Title Commitment, Buyer shall give Seller
written notice of any objections to the Title Commitment. Within twenty (20) days after Buyer’s
receipt of the Survey, Buyer shall give Seller written notice of any objections to the Survey. Any
exceptions identified in the Title Commitment or Survey to which written notice of objection is
not given within such period shall be a “Permitted Encumbrance.” If Seller is unable or unwilling
to correct Buyer’s title and survey objections within the Due Diligence Period, Buyer may
terminate this Agreement by written notice to Seller prior to expiration of the Due Diligence
Period, in which case the Earnest Money Deposit shall be refunded to Buyer. If Buyer fails to so
terminate this Agreement, then such objections shall constitute “Permitted Encumbrances” as of
the expiration of the Due Diligence Period, and Buyer shall acquire the Property without any effect
being given to such title and survey objections.
9. NOTICES
All notices required or allowed by this Agreement, before or after Closing, shall be delivered in
person or by certified mail, return receipt requested, postage prepaid, addressed to Seller in care
of Seller’s Representative (with a copy to South Bend Legal Department, 215 S. Dr. Martin Luther
King Jr. Boulevard, Suite 600, South Bend, Indiana 46601, Attn: Corporation Counsel), or to
Buyer in care of Buyer’s Representative at their respective addresses stated in Section 2 above.
Either Party may, by written notice, modify its address or representative for future notices.
10. CLOSING
A. Timing of Closing. Unless this Agreement is earlier terminated, the Closing shall
be held at the office of the Title Company, and the Closing Date shall be a mutually agreeable date
not later than ninety (90) days after the end of the Due Diligence Period.
B. Closing Procedure.
(i) At Closing, Buyer shall deliver the Purchase Price to Seller, conditioned on
Seller’s delivery of the Special Warranty Deed, in substantially the same form attached
hereto as Exhibit B, conveying the Property to Buyer, free and clear of all liens,
encumbrances, title defects, and exceptions other than Permitted Encumbrances, and the
Title Company’s delivery of the marked-up copy of the Title Commitment (or pro forma
policy) to Buyer in accordance with Section 7 above.
(ii) Possession of the Property shall be delivered to Buyer at Closing, in the same
condition as it existed on the Contract Date, ordinary wear and tear and casualty excepted.
6
C. Closing Costs. Buyer shall pay all of the Title Company’s closing and/or document
preparation fees and all recordation costs associated with the transaction contemplated in this
Agreement.
11. BUYER’S POST-CLOSING DEVELOPMENT OBLIGATIONS
A. Property Improvements; Proof of Investment. Within twenty-four (24) months
after the Closing Date (the “Mandatory Completion Date”), Buyer will complete improvements to
the Property needed to redevelop the Property for Buyer’s Use as set forth herein. Such
improvements shall include installing a new roof, new HVAC system, and new doors and
windows, and redeveloping the Property to permit occupancy and use consistent with Buyer’s Use
(the “Property Improvements”). Promptly upon completing the Property Improvements, Buyer
will submit to Seller records reasonably satisfactory to Seller, in Seller’s sole discretion, proving
the above-required improvements have been made. Buyer shall also permit Seller (or its designee)
to inspect the Property to verify that the Property Improvements have been completed in
accordance with this Agreement. The Property Improvements shall be deemed complete upon the
issuance of a Certificate of Occupancy for the Property.
B. Post-Closing Buyer Property Improvement Commitments. Buyer shall:
(i) Commence construction or rehabilitation of the project within twelve (12)
months of the Closing Date;
(ii) Complete the project and Property Improvements in accordance with
Section 11(A) within twenty-four (24) months of the Closing Date and cause a business to
commence operation from the Property consistent with Buyer’s Use, and to operate such
business for a continuous period of not less than one (1) year thereafter, during which such
business shall be open to the public for the sale of goods or services during customary
business hours for similar businesses in the area;
(iii) In its development of the Property, Buyer shall comply with all applicable
federal, state, and local laws, including, but not limited to, the applicable requirements of
the City of South Bend Zoning Ordinance, including variances as necessary;
(iv) Provide the design, plans, and specifications for Property Improvements
consistent with City standards for the review and comment by the City's Planning Director
or their designee, who, in their sole discretion, may request revisions or amendments to be
made to the same (acceptance of the design and plans by the Planning Director or their
designee prior to construction shall be a prerequisite for the issuance of a Certificate of
Completion); and
(v) Submit to Seller reports on or before June 30 and December 31 of each year
from the Closing Date through the completion of the required one (1) year period of
business operations described in Section 11.(B)(ii), in the format set forth as Exhibit C,
demonstrating Buyer’s good-faith compliance with the terms of this Agreement. The
reports shall include the following information and documents: (a) a status report of the
construction completed to date, (b) an update on the project schedule, and (c) to the extent
applicable, information regarding the operation of a business from the Property.
7
C. Certificate of Completion. Promptly after Buyer completes the Property
Improvements and satisfactorily proves the same in accordance with the terms of Section 11(A)
above, as well as compliance with Section 11(B) above, Seller shall, upon Buyer’s written request,
issue to Buyer a certificate acknowledging such completion and releasing Seller’s reversionary
interest in the Property (the “Certificate of Completion”). Buyer shall record the Certificate of
Completion promptly upon issuance and shall pay all costs of recordation.
D. Remedies Upon Failure to Complete Property Improvements. In the event Buyer
fails to complete the Property Improvements or to satisfactorily prove such performance in
accordance with Section 11(A), or in the event Buyer fails to comply with any post-closing
property improvement commitments in Section 11(B), including without limitation failing to cause
a business to commence operation from the Property consistent with Buyer’s Use or to operate
such business for the required one (1) year period, then, in addition to pursuing any other remedies
available at law or in equity, Seller shall have the right to:
re-enter and take possession of the Property and to terminate and revest in Seller the estate
conveyed to Buyer at Closing and all of Buyer’s rights and interests in the Property without
offset or compensation for the value of any improvements made by Buyer.
The Parties agree that Seller’s conveyance of the Property to Buyer at Closing will be made on the
condition subsequent set forth in the foregoing sentence and the terms of this Section 11 will be
referenced in the Special Warranty Deed.
12. SELLER'S POST-CLOSING OBLIGATIONS
On and after the Closing Date, Seller commits to working with Buyer to finalize plans, designs,
and specifications for Property Improvements to the satisfaction of the City departments,
consistent with City standards.
13. ACCEPTANCE OF PROPERTY AS-IS
Buyer agrees to purchase the Property “as-is, where-is” and without any representations or
warranties by Seller as to the condition of the Property or its fitness for any particular use or
purpose. Seller offers no such representation or warranty as to condition or fitness, and nothing in
this Agreement will be construed to constitute such a representation or warranty as to condition or
fitness. Buyer acknowledges that it is not relying upon any representations or warranties of Seller
except those expressly set forth in this Agreement.
14. TAXES
Prior to Closing, Seller will pay all real property taxes accrued on or before the Closing Date , if
any. Buyer will have no liability for any amount of real property taxes accrued before the Closing
Date on the Property, and Seller shall have no liability for any real property taxes accruing after
the Closing Date.
8
15. REMEDIES
Upon any default in or breach of this Agreement by either Party, the defaulting Party will proceed
immediately to cure or remedy such default within thirty (30) days after receipt of written notice
of such default or breach from the non-defaulting Party, or, if the nature of the default or breach is
such that it cannot be cured within thirty (30) days, the defaulting Party will diligently pursue and
prosecute to completion an appropriate cure within a reasonable time. In the event of a default or
breach that remains uncured for longer than the period stated in the foregoing sentence, the non -
defaulting Party may terminate this Agreement, commence legal proceedings, including an action
for specific performance, or pursue any other remedy available at law or in equity. All the Parties’
respective rights and remedies concerning this Agreement and the Property are cumulative.
Notwithstanding the foregoing, upon a default by Seller, Buyer’s remedies shall be limited to
termination of this Agreement and recovery of the Earnest Money Deposit, and Seller shall have
no further liability to Buyer.
16. COMMISSIONS
The Parties mutually acknowledge and warrant to one another that neither Buyer nor Seller is
represented by any broker in connection with the transaction contemplated in this Agreement.
Buyer and Seller agree to indemnify and hold harmless one another from any claim for
commissions in connection with the transaction contemplated in this Agreement.
17. INDEMNITY
Each Party shall indemnify, save harmless, and defend the other Party from and against any and
all liabilities, claims, damages, losses, penalties, forfeitures, suits, and the costs and expenses
incident thereto (including reasonable attorneys’ fees and the costs of defense and settlement), but
only to the extent arising out of such Party’s breach of this Agreement or such Party’s negligent
acts or omissions. This indemnity applies only to third-party claims and shall survive Closing.
18. INTERPRETATION; APPLICABLE LAW
As both Parties have participated fully and equally in the negotiation and preparation of this
Agreement, this Agreement shall not be more strictly construed, nor shall any ambiguities in this
Agreement be presumptively resolved, against either Party. Each Party acknowledges that it has
had the opportunity to consult with independent legal counsel regarding this Agreement. This
Agreement shall be interpreted and enforced according to the laws of the State of Indiana.
19. DISPUTE RESOLUTION; WAIVER OF JURY TRIAL
Any action to enforce the terms or conditions of this Agreement or otherwise concerning a dispute
under this Agreement will be commenced in the courts of St. Joseph County, Indiana, unless the
Parties mutually agree to an alternative method of dispute resolution. The Parties acknowledge
that disputes arising under this Agreement are likely to be complex and they desire to streamline
and minimize the cost of resolving such disputes. In any legal proceeding, each Party irrevocably
waives the right to trial by jury in any action, counterclaim, dispute, or proceeding based upon, or
related to, the subject matter of this Agreement. This waiver applies to all claims against all parties
9
to such actions and proceedings. This waiver is knowingly, intentionally, and voluntarily made
by both Parties.
20. ATTORNEYS’ FEES
In the event either Party pursues any legal action (including arbitration) to enforce or interpret this
Agreement, Buyer shall pay Seller’s reasonable attorneys’ fees and other costs and expenses
(including expert witness fees).
21. WAIVER
Neither the failure nor any delay on the part of a Party to exercise any right, remedy, power, or
privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, remedy, power, or privilege preclude any other or further exercise of the
same or of any right, remedy, power, or privilege with respect to any occurrence be construed as
a waiver of any such right, remedy, power, or privilege with respect to any other occurrence. No
waiver shall be effective unless it is in writing and is signed by the party asserted to have granted
such waiver.
22. SEVERABILITY
If any term or provision of this Agreement is held by a court of competent jurisdiction to be invalid,
void, or unenforceable, the remaining terms and provisions of this Agreement shall continue in
full force and effect unless amended or modified by mutual consent of the Parties.
23. FURTHER ASSURANCES
The Parties agree that they will each undertake in good faith, as permitted by law, any action and
execute and deliver any document reasonably required to carry out the intents and purposes of this
Agreement.
24. ENTIRE AGREEMENT
This Agreement embodies the entire agreement between Seller and Buyer and supersedes all prior
discussions, understandings, or agreements, whether written or oral, between Seller and Buyer
concerning the transaction contemplated in this Agreement.
25. ASSIGNMENT
Buyer and Seller agree that this Agreement or any of Buyer’s rights hereunder may not be assigned
by Buyer, in whole or in part, without the prior written consent of Seller. In the event Buyer wishes
to obtain Seller’s consent regarding a proposed assignment of this Agreement, Buyer shall provide
any and all information reasonably demanded by Seller in connection with the proposed
assignment and/or the proposed assignee. The restrictions on assignment set forth in this Section
shall survive Closing and shall continue in full force and effect until Buyer has fully satisfied all
post‑closing obligations and commitments under this Agreement and Seller has issued a Certificate
of Completion.
10
26. BINDING EFFECT; COUNTERPARTS; SIGNATURES
All the terms and conditions of this Agreement will be effective and binding upon the Parties and
their successors and assigns at the time the Agreement is fully signed and delivered by Buyer and
Seller. This Agreement may be separately executed in counterparts by Buyer and Seller, and the
same, when taken together, will be regarded as one original Agreement. Electronically transmitted
signatures will be regarded as original signatures.
27. AUTHORITY TO EXECUTE; EXISTENCE
The undersigned persons executing and delivering this Agreement on behalf of the respective
Parties represent and certify that they are the duly authorized representatives of each and have been
fully empowered to execute and deliver this Agreement and that all necessary corporate action has
been taken and done. Further, the undersigned representative of Buyer represents and warrants
that Buyer is duly organized, validly existing, and in good standing under the laws of the State of
Indiana.
28. TIME
Time is of the essence of this Agreement.
[Signature page follows.]
11
IN WITNESS WHEREOF, the Parties hereby execute this Real Estate Purchase
Agreement to be effective as of the Contract Date stated above.
BUYER:
Greater Lowell Holdings LLC
_______________________________________
Frank Perri, Member
Dated: _______________________________________
SELLER:
South Bend Redevelopment Commission
_______________________________________
David Relos, President
ATTEST:
_______________________________________
Eli Wax, Secretary
A-1
EXHIBIT A
Description of Property
Parcel Key Number: 71-08-12-207-004.000-026
Local Parcel Number: 018-5004-0076
Legal Description: Lot 92 Lowell
Commonly Known As: 126 N. Niles Avenue
EXHIBIT B
Form of Special Warranty Deed
AUDITOR’S RECORD
TRANSFER NO.
TAXING UNIT
DATE
KEY NO. See Attached Exhibit 1
SPECIAL WARRANTY DEED
THIS INDENTURE WITNESSETH, that the City of South Bend, Department of Redevelopment,
by and through its governing body, the South Bend Redevelopment Commission, 215 S. Dr. Martin Luther
King Jr. Blvd., Suite 500, South Bend, Indiana (the “Grantor”)
CONVEYS AND SPECIALLY WARRANTS to Greater Lowell Holdings LLC, an Indiana
Limited Liability Company, with a principal mailing address of P.O. Box 148, South Bend, Indiana 46624-
0148 (the “Grantee”), for and in consideration of Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the following real estate
located in St. Joseph County, Indiana (the “Property”):
See Attached Exhibit 1
The Grantor warrants title to the Property only insofar as it might be affected by any act of the
Grantor during its ownership thereof and not otherwise.
The Grantor hereby conveys the Property to the Grantee free and clear of all leases or licenses;
subject to real property taxes and assessments; subject to all easements, covenants, conditions, restrictions,
and other matters of record; subject to rights of way for roads and such matters as would be disclosed by
an accurate survey and inspection of the Property; subject to all applicable building codes and zoning
ordinances; and subject to all provisions and objectives contained in the Commission’s 2024 River East
Development Area Plan, as thereafter amended from time to time, and any design review guidelines
associated therewith.
Pursuant to Section 11 of the Purchase Agreement, the Grantor conveys the Property to the Grantee
by this deed subject to certain conditions subsequent. In the event the Grantee fails to perform the Property
Improvements in accordance with Section 11(A) of the Purchase Agreement, or comply with its post-
closing obligations under Section 11(B) of the Purchase Agreement, including, without limitation, failing
to cause a business to commence operation from the Property consistent with Buyer’s Use and to operate
such business for a continuous period of not less than one (1) year thereafter, then the Grantor shall have
the right to re-enter and take possession of the Property and to terminate and revest in the Grantor the estate
conveyed to the Grantee by this deed and all of the Grantee’s rights and interests in the Property without
offset or compensation for the value of any improvements to the Property made by the Grantee. The
recordation of a Certificate of Completion in accordance with Section 11 of the Purchase Agreement will
forever release and discharge the Grantor’s reversionary interest stated in this paragraph.
Page 1 of 3
The Grantor conveys the Property to the Grantee subject to the limitation that the Grantee, and its
successors and assigns, shall not discriminate against any person on the basis of race, color, religion, sex,
disability, age, national origin, or any other protected class under law in the sale, lease, rental, use,
occupancy, or enjoyment of the Property or any improvements constructed on the Property.
Each of the undersigned persons executing this deed on behalf of the Grantor represents and
certifies that they are a duly authorized representative of the Grantor and has been fully empowered, by
proper action of the governing body of the Grantor, to execute and deliver this deed, that the Grantor has
full corporate capacity to convey the real estate described herein, and that all necessary action for the
making of such conveyance has been taken and done.
GRANTOR:
SOUTH BEND
REDEVELOPMENT COMMISSION
_______________________________________
David Relos, President
ATTEST:
_______________________________________
Eli Wax, Secretary
STATE OF INDIANA )
) SS:
ST. JOSEPH COUNTY )
Before me, the undersigned, a Notary Public, in and for said County and State, personally appeared
David Relos and Eli Wax, known to me to be the President and Secretary, respectively, of the South Bend
Redevelopment Commission and acknowledged the execution of the foregoing Special Warranty Deed
being authorized so to do.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal on
the______day of ____________, 2026.
My Commission Expires: _______________________________________
Notary Public
__________________________ Residing in St. Joseph County, Indiana
I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this do cument, unless required
by law. /s/ Danielle Campbell Weiss
This instrument was prepared by Danielle Campbell Weiss, Senior Assistant City Attorney, City of South Bend, Indiana, Department of Law, 215
S. Dr. Martin Luther King Jr. Blvd., Suite 600, South Bend, IN 46601.
Page 2 of 3
Exhibit 1
Parcel Key Number: 71-08-12-207-004.000-026
Local Parcel Number: 018-5004-0076
Legal Description: Lot 92 Lowell
Commonly Known As: 126 N. Niles Avenue
Page 3 of 3
C-1
EXHIBIT C
Form of Report to Commission
C-2
City of South Bend
Department of Community Investment
Real Estate Purchase Agreement Review
Answer the questions below and return to the Department of Community Investment.
Project Information
Project Name: __________________________________________________________
Address: _______________________________________________________________
Construction Completed to Date:
Project Schedule Update:
Business Operations (to the extent applicable, include date operations commenced, hours of
operation, and a description of business conducted at the Property):
Name: _______________________________________
Address: _______________________________________
_______________________________________
Position: _______________________________________
Email: _______________________________________
Signature: ___________________________________ Date: ___________________
South Bend
Redevelopment Commission
215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana
Redevelopment Commission Agenda Item
DATE : June 11, 2026
FROM: Leslie Biek, Assistant City Engineer
SUBJECT: Budget Request- Colfax Bridge Improvements
PN 123-010; PROJ 317
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:
This budget request is for $3,500,000 for the Colfax Bridge project in coordination with St Joseph County.
SPECIFICS:
St. Joseph County has been developing plans to rehabilitate the Colfax Bridge. The County’s portion of the work
will include a deck overlay with patching, expansion joint replacement, substructure repair, barrier rail
replacement, deck replacement of the west span, cleaning and painting of the steel beams of the west span and
approach slab replacement.
The City requested additional enhancements to the bridge to create comfortable connections with downtown, the
Seitz Park area, and other portions of the East Bank. Improvements include a pedestrian railing to match Seitz Park,
upgraded vehicular railings, widened sidewalks, decorative streetlights, concrete monuments with lighting, and
engineering fees. Also included in this estimate are MLK and Colfax intersection improvements which include
modifying the curb to include the current painted bumpout, aligning the curb ramps, removing unnecessary steps
in the sidewalk, adding signal poles and replacing signal heads.
The County has just received bids for the project and will likely be awarded at the end of June. The County will
invoice the City based on the actual bid items of City requested items prior to the award of the project.
______________ ___________Pres/V-Pres
ATTEST: __________ _______ _
Date: _____________ _______
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION