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HomeMy WebLinkAboutRedevelopment Commission Agenda & Packet 08.13.26South Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Agenda Regular Meeting August 13, 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 • Ophelia Gooden-Rodgers, Commissioner – (Council) February 2025 to December 2027 • Maureen Miller - Commissioner (Mayor) July 2026 to December 2029 • Marcus Ellison, Non-Voting Advisor – (School Board) February 2025 to December 2026 2. Approval of Minutes A. Minutes of the Regular Meeting of July 23, 2026 3. Approval of Claims A. Claims Allowance July 14, 2026 B. Claims Allowance July 21, 2026 4. Old Business A. None 5. New Business A. Redevelopment General Fund (a.k.a. Pokagon-South Bend Fund ) 1. Budget Request (Beacon Resource Center Donation) B. River West Development Area 1. Budget Request (Downtown Viaduct Improvements) 2. Resolution No. 3677 (Pledging Certain Tax Increment Revenues to the Repayment of a Section 108 HUD Loan (Western Ave Transformation Project) 3. Resolution No. 3678 (Establishing Funds and Accounts in Connection with the Lease Dated as of July 1, 2026, Between the South Bend Redevelopment Commission and the South Bend Redevelopment Authority and Other Related Matters (Redevelopment Authority Lease Rental Revenue Bonds, Series 2026) 4. Budget Request (College St. Streetscape Design) South Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Page | 2 5. Second Amendment to Network Operating Center Lease for Union Station (1547 CSR) 6. Progress Reports A. Tax Abatement B. Common Council C. Other 7. Next Commission Meeting Thursday, August 27, 2026, 9:30 a.m. at Council Chambers, Room 301 8. Adjournment NOTICE FOR HEARING AND SIGHT IMPAIRED PERSONS Auxiliary Aid or Other Services are Available upon Request at No Charge. Please Give Reasonable Advance Request when Possible. South Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Minutes Regular Meeting July 23, 2026 – 9:30 a.m. City Hall Council Chambers 3rd Floor or via: https://tinyurl.com/RDC2025-2026-Meetings Meeting Recording Link: https://tinyurl.com/RDC-Meeting-Recordings The South Bend Redevelopment Commission was called to order at 9:30 a.m. President David Relos presiding. 1. ROLL CALL Members Present: David Relos, President Karen White, Vice President Ophelia Gooden-Rodgers, Commissioner Marcus Ellison, Non-Voting Advisor Members Absent: Eli Wax, Secretary Maureen Miller, Commissioner 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 April Canahuati, Asst. Dir. of Growth and Opp., DCI Erin Michaels, Property Development Manager, DCI Laura Hensley, Board Secretary, DCI Attending: Charlotte Brach, Assist. City Engineer, Engineering Lidya Abreha, Project Engineer, Engineering Murray Miller, 1201 Priscilla Dr. Rose Meissner, Community Foundation David Ployster, 1345 Northside Blvd. Hodge Patel, 315 W. Jefferson Blvd. 2. Approval of Minutes A. Approval of Minutes of the Regular Meeting of Thursday, July 9, 2026 CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – July 23, 2026 Page | 2 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 July 9, 2026. 3. Approval of Claims A. Claims Allowances June 23, 2026 Upon a motion by David Relos for approval second by Ophelia Gooden- Rodgers, the motion carried unanimously; the Commission approved the claims allowances of June 23, 2026. 4. Old Business A. None 5. New Business A. Redevelopment General Fund (a.k.a. Pokagon-South Bend Fund) 1. Budget Request (Beacon Resource Center Donation) Upon a motion by David Relos for this item to be tabled, seconded by Ophelia Gooden-Rodgers, the motion carried unanimously; the Commission tabled the budget request on July 23, 2026. B. River East Residential Development Area 1. Budget Request (Howard Park Band Shell Full Design) Joseph Molnar, Deputy Director of Community Investment, provided a brief update on the Howard Park Band Shell Project. He noted that Lidya from the Public Works Department would present the budget request in greater detail but wanted to share an overview of the project's progress. The City, through a collaborative effort, applied for READI funding to support construction of the Band Shell and was awarded a $3 million grant from the Indiana Economic Development Corporation. This funding will significantly offset construction costs. Joe explained that the project is now moving into the full design phase. A few months ago, the Redevelopment Commission approved preliminary design funding to support the grant application. With the grant now awarded, additional funding is being requested to complete the full design process. He then turned the presentation over to Lidya to provide further background on the request. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – July 23, 2026 Page | 3 Lidya Abreha, Project Engineer, recapped the Band Shell Project and the funding approved by the Redevelopment Commission in March 2026, including $250,000 for preliminary design. The project will construct a covered outdoor performance venue at Howard Park’s Event Lawn to support touring acts, festivals, and community events while attracting more visitors downtown. She reviewed the project scope, which included the stage, support facilities, fencing, landscaping, and site improvements, and shared renderings from the 10% design package. Lidya reported that the preliminary design has been completed, the consultant has been authorized to proceed with the 40% design phase, and the City is currently procuring a Construction Manager as Contractor (CMc). She also noted that the project has secured a $3 million READI grant and an additional $250,000 in tourism funding. The request before the Commission is for an additional $300,000 to complete the remaining design work. The project schedule anticipates selecting a CMc by October 2026, bidding in February 2027, beginning construction in April 2027, and reaching substantial completion by December 2027. Commissioner Gooden-Rodgers asked what the total cost was. Ms. Abreha stated $6 million which includes design. Vice President White asked how many other outside performing venues the City has? Mr. Molnar responded, Potawatomi Park has an amphitheater and Seitz Park’s existing stage is small. The proposed Howard Park stage would support larger events, allow simultaneous performances during festivals, and expand programming opportunities. Much of the necessary infrastructure, including truck access and electrical service, was already installed during the 2019 Howard Park redevelopment. President Relos asked, will this funding complete the design phase and provide the bid documents, with approximately $2.5 million still needed for construction? Mr. Molnar stated, yes. This funding will complete the remaining design work and prepare the project for bidding. Based on current estimates, about $2.5 million will still be needed to complete construction. However, more than $3 million in outside funding has already been secured, covering over 50% of the total project cost. Mr. Molnar anticipates returning to the Redevelopment Commission to request TIF funding for the remaining balance once final project costs are known. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – July 23, 2026 Page | 4 Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by Karen White, the motion carried unanimously; the Commission approved the budget request as presented on July 23, 2026. C. River West Development Area 1. Staff Recommendation (State Theatre RFP) Joseph Molnar, Deputy Director of Community Investment, presented a staff recommendation regarding the State Theater RFP. He noted that the State Theater, a historic 1920s-era landmark located directly west of City Hall, is an important redevelopment opportunity within the broader revitalization of downtown South Bend. The Redevelopment Commission acquired the property in 2025 to prevent loss and subsequently completed stabilization work, including roof and façade repairs. After a formal disposition process produced no bids, the RDC issued a Request for Proposals in December 2025 to identify partners capable of rehabilitating and operating the building. Four proposals were received: • Community Foundation of St. Joseph County – Multi-screen cinema and performing arts venue • The Main Stage, Inc. – Flexible live performance venue • SMP Realty, LLC – Multifunctional performance center • TF Cloud Foundation – Flexible concert and community performance venue Staff evaluated proposals based on alignment with city plans, project design, redevelopment experience, financial capacity, and overall project scope. Staff recommended entering negotiations with the Community Foundation of St. Joseph County, citing its strong alignment with the Downtown 2045 Plan, demonstrated development experience, financial capacity, and receipt of a $4 million READI Arts and Culture grant. The proposed project would restore the historic theater, create multiple movie screens and performance spaces, activate the building throughout the week, and preserve its historic character. The action before the Commission was limited to authorizing negotiations; any future development agreement would be returned to the RDC for approval at a public meeting. Commissioner Gooden-Rodgers asked if with the support of the community partners, would that completely fund the project? Mr. Molnar stated no and will take multiple funding sources to complete. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – July 23, 2026 Page | 5 President Relos asked, are the organizations listed interested in providing programming once the theater is renovated? Rose Meissner with the Community Foundation stated yes. Those organizations represent an initial group of potential programming partners. The vision is to operate the State Theater as an independent nonprofit cinema and arts venue, offering films, festivals, lectures, live performances, and community events year-round. The goal is to complement and support other arts and cultural activities in the region while creating a highly active downtown destination. The proposal includes multiple theater screens, flexible event spaces, accessible facilities on every level, and opportunities for venue rentals. While live performances are envisioned, the cinema component is expected to serve as the primary source of operating revenue, helping ensure the long-term sustainability of the facility. Ms. Meissner added, The Community Foundation has committed $2 million to the project and authorized staff to lead the effort. The proposal also secured a $4 million READI Arts and Culture Grant, one of the largest awards issued statewide. Additional philanthropic funding is being pursued to move the project forward. The vision is to restore the State Theater as a vibrant regional arts and entertainment destination, featuring multiple cinema screens, live performance space, event rentals, and year-round programming. Potential partners include local arts and cultural organizations such as DTSB, Visit South Bend, the South Bend Symphony, Civic Theatre, Notre Dame, and the St. Joseph County Public Library. The multi-screen model is intended to create a financially sustainable operation by supporting films, festivals, lectures, performances, and community events. The renovated facility would also include full accessibility improvements, flexible event spaces, and amenities that support a wide range of community uses. Commissioner Ellison asked what size the main theater would be, and what types of films and programming would be offered? Mr. Molnar stated that the original State Theater seated approximately 2,000– 2,500 patrons but maintaining a single theater of that size is not financially practical today. The proposal would create a larger main theater, positioned between the size of the Civic Theatre and the Morris Performing Arts Center, along with four smaller screens. Ms. Meissner explained that programming could include independent films, classic movies, film festivals, international cinema, documentaries, CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – July 23, 2026 Page | 6 lectures, and special screenings, while still allowing for select first-run films when appropriate. The goal is to create a flexible community venue that supports arts, culture, and education. The facility would also be available for public rentals, allowing individuals and organizations to host private screenings and events. Multiple screens, event rentals, and diverse programming are intended to help create a sustainable operating model. Commissioner Gooden-Rodgers asked will the theater be available for the public to rent? Ms. Meissner stated yes. Venue rentals are planned to be a source of revenue for the theater. Individuals and organizations could rent an individual theater for private events, screenings, or other special programs, including the ability to select a movie for their event. Upon a motion by David Relos for approval, seconded by Karen White, the motion carried unanimously; the Commission approved the staff recommendation as presented on July 23, 2026. 2. Budget Request (TRC Lease) Joseph Molnar, Deputy Director of Community Investment, presented a budget request from the River West TIF to fund the lease for the Technology Resource Center (TRC). The City of South Bend has leased space in Catalyst 2 at Ignition Park for several years and helped establish the TRC within the facility. The TRC serves as both office space for the City's Innovation & Technology staff and a community resource, hosting nonprofit meetings, neighborhood planning sessions, Neighborhood Consortium meetings, and public events such as Meet the Mayor. The City currently leases approximately 48,000 square feet in the facility. This request would fund the next year of the lease, which has already been approved by the Board of Public Works. Mr. Molnar noted that the City is evaluating a future relocation of IT staff to the Leighton Building downtown to consolidate resources, but this funding would ensure continued operation of the TRC, and availability of its community meeting spaces during the next year. President Relos asked to clarify how many months and Mr. Molnar stated 12 months. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – July 23, 2026 Page | 7 Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by David Relos, the motion carried unanimously; the Commission approved the budget request as presented on July 23, 2026. 6. Progress Reports A. Tax Abatement None B. Common Council Commissioner White stated that budget season will start in September and the calendar is available on the City website. In addition, quality of life ordinances is being reviewed. C. Other Joseph Molnar, Deputy Director of Community Investment, gave updates on the following. • Construction of the Advantix project is almost complete. • Diamond View project is fully leased. • The Monreaux, construction is under way and utilities are being connected. • Introduced April Canahuati as Assistant Director of Growth and Opportunity. 7. Next Commission Meeting Thursday, August 13, 2026, 9:30 a.m., City Hall Council Chambers 3rd Floor 8. Adjournment Thursday, July 23, 2026, 10:11 a.m. ______________________________ ______________________________ Eli Wax, Secretary David Relos, President City of South Bend Department of Administration & Finance Claims Allowance Request To:South Bend Redevelopment Commission From:Kyle Willis, City Controller Date:Tuesday, July 14, 2026 Pursuant to Indiana Code 36-4-8-7, I have audited and certified the attached claims and submit them for allowance in the following amounts: GBLN-0139413 $793,342.83 GBLN-0139671 $338,692.89 GBLN-0139940 $419,175.89 Total:$1,551,211.61 _______________________________ Kyle Willis The attached claims described above were allowed in the following total amount at a public meeting on the date stated below: South Bend Redevelopment Commission By:_______________________________ Name: Date: Attest:_______________________________ Name: Expenditure approval RDC Payments-? /7 /26 Pymt Run GBLN-0139671 Payment method: Voucher: Payment date: Vendor# V-00000339 Payment method: Voucher: Payment date: Vendor# V-00000472 V-00000472 Payment method: Voucher: Payment date: Vendor# V-00001188 Payment method: Voucher: Payment date: Vendor# CHK-Total RDCP-00049815 7/7/2026 Name CITY OF SOUTH BEND CHK-Total RDCP-00049816 7/7/2026 Name DLZ IN DIANA LLC DLZ IN DIANA LLC ACH-Total RDCP-00049817 7/7/2026 Name NEAR NORTHWEST NEIGHBORHOO D ACH-Total RDCP-00049818 7/7/2026 Name Invoice# 61826 Invoice# 610384 610447 Invoice# 41 Invoice# Line description Milkweed Commons SDC Line description Studebaker HVAC Design Design - Bid & Construction Phases services Line description Financial Empowerment Center Model Line description Due date 7/7/2026 Due date 7/16/2026 7/17/2026 Due date 7/15/2026 Due date Invoice amount Financial dimensions 324-10-102-121-443001-- $4,374.00 PROJ00000620 Invoice amount Financial dimensions 324-10-102-121-431000-- $4,800.00 $462.83 Invoice amount $9,008.23 PROJ00000744 324-10-102-121-431002-­ PROJ00000411 Financial dimensions 433-10-102-123-439300-- PROJ00000565 Invoice amount Financial dimensions Purchase order PO-0044635 Purchase order PO-0042714 PO-0023413 Purchase order PO-0033403 Purchase order V-00001685 Payment method: Voucher: Payment date: Vendor# V-00003112 V-00003112 Payment method: Voucher: Payment date: Vendor# V-00004725 V-00004725 Payment method: Voucher: Payment date: Vendor# V-00014983 V-00014983 Payment method: TORTI GALLAS AND PARTNERS INC CHK-Total RDCP-00050019 7/14/2026 Name State Barricading State Barricading CHK-Total RDCP-00050020 7/14/2026 Name Hanson Professional Services Inc Hanson Professional Services Inc CHK-Total RDCP-00050021 7/14/2026 Name Shaffner Heaney Associates, Inc. Shaffner Heaney Associates, Inc. ACH-Total 76763 Invoice# 353054 353058 Invoice# ARIV1023861 ARIV1023861 Invoice# APP #2 APP #2 River Glen - Architectural Design Line description SB Range Barricades Lafayette Traffic Control Line description Change Order #1 - Dino Traffic impact study Change order #2 -Dino Traffic impact study Line description Studebaker Museum Skylight replacement Change Order #1 -Studebaker Museum Skylight Replacement 6/30/2026 Due date 7/22/2026 7/22/2026 Due date 6/28/2026 6/28/2026 Due date 7/23/2026 7/23/2026 $94,232.56 324-10-102-121-431002-­ PROJ00000758 Invoice amount Financial dimensions 422-10-102-121-439018-- $1,843.00 $8,928.00 PROJ00000618 324-10-102-121-443001-­ PROJ00000535 Invoice amount Financial dimensions $44.90 $22,125.80 324-10-102-121-431 000-­ PROJ00000462 324-10-102-121-431 000-­ PROJ00000735 Invoice amount Financial dimensions $3,847.35 $1,500.00 324-10-102-121-443001-­ PROJ00000523 324-10-102-121-443001-­ PROJ00000523 PO-0043994 Purchase order PO-0044331 PO-0044463 Purchase order PO-0027207 PO-0027207 Purchase order PO-0035275 PO-0035275 City of South Bend Department of Administration & Finance Claims Allowance Request To:South Bend Redevelopment Commission From:Kyle Willis, City Controller Date:Tuesday, July 21, 2026 Pursuant to Indiana Code 36-4-8-7, I have audited and certified the attached claims and submit them for allowance in the following amounts: GBLN-0140838 $1,935,219.15 GBLN-0000000 $0.00 GBLN-0000000 $0.00 Total:$1,935,219.15 _______________________________ Kyle Willis The attached claims described above were allowed in the following total amount at a public meeting on the date stated below: South Bend Redevelopment Commission By:_______________________________ Name: Date: Attest:_______________________________ Name: Expenditure approval RDC Payments-7/21/26 Pymt Run GBLN-0140838 Payment method: Voucher: Payment date: Vendor# V-00000019 V-00000019 V-00000019 Payment method: Voucher: Payment date: Vendor# V-00000280 Payment method: Voucher: Payment date: Vendor# V-00000472 Payment method: Voucher: ACH-Total RDCP-00050215 7/21/2026 Name ABONMARCHE CONSULTANTS OF IN ABONMARCHE CONSULTANTS OF IN ABONMARCHE CONSULTANTS OF IN CHK-Total RDCP-00050216 7/21/2026 Name C&E EXCAVATING INC CHK-Total RDCP-00050217 7/21/2026 Name DLZ IN DIANA LLC CHK-Total RDCP-00050218 Invoice# 164799 164801 164801 Invoice# APP #3 Invoice# 610661 Line description Due date Change Order #2 -Portage-Elwood Demolition 7/30/2026 Potawatomi Ph 2 Design 7/30/2026 Potawatomi Ph 2 Design 7/30/2026 Line description Due date Construction Services for O'Brien Splashpad and Restroom 6/29/2026 Line description Due date 10% site design - Old YMCA Site 7/30/2026 Invoice amount Financial dimensions 324-10-102-121-439018-- $5,055.00 PROJ00000627 429-10-102-121-431002-- $43,125.00 PROJ00000683 429-10-102-121-431002-- $43,125.00 PROJ00000683 Invoice amount Financial dimensions $81,465.54 430-10-102-121-431002-­ PROJ00000623 Invoice amount Financial dimensions 429-10-102-121-431000-- $12,325.00 PROJ00000733 Purchase order PO-0037684 PO-0041079 PO-0041079 Purchase order PO-0041970 Purchase order PO-0042716 Payment date: Vendor# V-00000698 Payment method: Voucher: Payment date: Vendor# V-00000918 Payment method: Voucher: Payment date: Vendor# V-00000975 Payment method: Voucher: Payment date: Vendor# V-00001012 V-00001012 Payment method: 7/21/2026 Name GREEN DEMOLITION CONTRACTORS INC CHK-Total RDCP-00050219 7/21/2026 Name JONES PETRIE RAFINSKI CHK-Total RDCP-00050220 7/21/2026 Name LARSON DANIELSON CONSTRUCTIO NCO ACH-Total RDCP-00050221 7/21/2026 Name LOCH MUELLER GROUP INC LOCH MUELLER GROUP INC ACH-Total Invoice# APP #6 Invoice# 53347 Invoice# APP #1 Invoice# 518793 518793 Line description Change order #1 -Asbestos abatement Line description Intersection design - Washington & Liston Line description River walk work -Seitz Park Line description PE Services for Coal Line Trail Phase Ill PE Services for Coal Line Trail Phase Ill Due date 7/9/2026 Due date 7/30/2026 Due date 7/30/2026 Due date 7/26/2026 7/26/2026 Invoice amount Financial dimensions 324-10-102-121-431000-- $191,800.00 PROJ00000440 Invoice amount Financial dimensions 324-10-102-121-442001-- $10,500.00 PROJ00000769 Invoice amount Financial dimensions $594,647.18 436-10-102-121-444000-­ PROJ00000646 Invoice amount Financial dimensions 324-10-102-121-444000-- $1,132.34 $3,464.26 PROJ00000314 324-10-102-121-431002-­ PROJ00000314 Purchase order PO-0040785 Purchase order PO-0044605 Purchase order PO-0043564 Purchase order PO-0027674 PO-0027674 South Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Redevelopment Commission Agenda Item D ATE : FROM: SUBJECT: 8/13/2026 Joseph Molnar Deputy Director, Department of Community Investment Beacon Resource Center 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: Budget Request to support Beacon Resource Center Property Improvements $50,0000 SPECIFICS: The Beacon Resource Center (The Beacon) is a nonprofit organization dedicated to transformation of South Bend’s west side. The Beacon is a shared community space in a renovated bowling alley at 4210 Lincoln Way West. The Beacon houses several community partners that offer weekly academic, recreational, and mentoring programs. Some of those programs include the Police Athletic League, SBCSC Adult Education, South Bend Co-Op, and the South Bend Roller Derby among others. The Beacon Resource Group has completed a capital campaign to renovate the building and replace the roof. The proposed $50,000 from the RDC General Fund will be contributed towards the cost of replacing the roof. This investment will ensure that The Beacon can remain and expand as a community resource for the west side and entire South Bend community. Staff recommends approval. ______________ ___________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 : 8/7/2026 FROM: Joseph Molnar Deputy Director Department of Community Investment SUBJECT: Downtown Viaduct Activation Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. * Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. PURPOSE OF REQUEST: Budget Request to Perform Downtown Viaduct Activation SPECIFICS: On March 23, 2026, the Common Council unanimously approved the Downtown South Bend 2045 Plan (“Downtown Plan”). The Downtown Plan was the culmination of over years’ worth of engagement with the community on a vision for Downtown’s future. A major component of the approved Downtown Plan includes planned improvements to the Public Realm of which the downtown railroad viaducts are prominently mentioned as gateways to downtown. The Downtown Plan calls for improvements to the viaducts by improving lighting, signage, streetscape improvements, public art installations, and landscape improvements. In conjunction with the Downtown Planning process, in December 2025 the Department of Community Investment lead a targeted planning effort regarding activating and improving the downtown viaducts. A public open house planning meeting was held on December 18, 2025, which was the culmination of eight (8) stakeholder meetings with surrounding property owners and interested parties. The end goal of the planning process created a phased plan to improve the safety, functionality, and identity of key viaducts that connect downtown while supporting long term safety, economic development, and walkability goals. The plan primarily focuses on the Lafayette Boulevard, Main Street, and Michigan Street viaducts. This budget request would help fund design and construction of improvements to the viaducts such as improved lighting, signage, landscaping, painting, public art, surface repairs, and security improvements. These improvements will reinforce downtown as a place that prioritizes people, supports adjacent development, and treats infrastructure as an opportunity to create memorable civic spaces. The total amount requested is $1,000,000 Staff recommends approval. ______________ ___________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 : 8/7/2026 FROM: Joseph Molnar Deputy Director Department of Community Investment SUBJECT: Section 108 HUD Loan Collateral 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: Resolution Pledging River West TIF Revenues as Backup Repayment for Section 108 HUD Loan to support Western Ave Transformation District SPECIFICS: The Western Ave Transformation District is a planned 156-mixed income housing development co-developed by The Michaels Organization and the Housing Authority of South Bend. The project was awarded low-income housing tax credits by the Indiana Housing and Community Development Authority. 110 of the units for the new project will be reserved for households earning at or below 60 percent of the area median income. The City has submitted an application and received an award for a $10,000,000 loan through the United States Department of Housing and Urban Development (“HUD”) Section 108 Loan Guarantee Program (the “Section 108 Loan”) to fund the infrastructure improvements for the Western Ave Transformation District including new utilities, a new road, and other public improvements. The City has determined to make loan payments for the Section 108 Loan from future Community Development Block Grant funds received by the City annually from HUD. It is the anticipation of the City that CDBG funding will more than cover the estimated loan payments on the Section 108 Loan. Currently, the estimated loan payment would be approximately 21% of the City’s recent annual CDBG allotment. In the unlikely event that during the course of repayment the CDBG funds are insufficient for such purpose, the tax increment revenues generated within the River West allocation area would serve as backup for the loan payments. The attached resolution authorizes the use of River West TIF funds for this purpose. The Common Council will need to also authorize this use of River West TIF funds and will consider the request at their August 24, 2026 meeting. Staff recommends approval. ______________ ___________Pres/V-Pres ATTEST: __________ _______ _ Date: _____________ _______ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION RESOLUTION NO. 3677 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION PLEDGING CERTAIN TAX INCREMENT REVENUES TO THE REPAYMENT OF A SECTION 108 LOAN FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (WESTERN AVENUE TRANSFORMATION DISTRICT PROJECT) 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 (the “District”), exists and operates under the provisions of Indiana Code 36-7-14, as amended from time to time (the “Act”); and WHEREAS, the Commission has previously designated and declared an area in the City of South Bend, Indiana (the “City”) known as the River West Development Area as an economic development area (the “Area”) and designated portions of the Area from time to time as allocation areas pursuant to Section 39 of the Act (each such allocation area within the Area, excluding (i) the Riverwalk Allocation Area designated by Resolution No. 3627 adopted by the Commission on January 9, 2025, (ii) the Lincoln and Kennedy Park Residential Housing Development Program Area Allocation Area designated by Resolution No. 3644 adopted by the Commission on July 24, 2025, and (iii) the allocation areas designated by Resolution No. 3661 adopted by the Commission on December 18, 2025, an “Allocation Area” and collectively, the “Allocation Areas”); and WHEREAS, the City has submitted an application (the “Application”) to borrow $10,000,000 through the United States Department of Housing and Urban Development (“HUD”) Section 108 Loan Guarantee Program (the “Section 108 Loan”) to fund a portion of the Western Avenue Transformation District Project, as further described in the Application (the “Project”); and WHEREAS, the City has determined to make loan payments for the Section 108 Loan from future Community Development Block Grant funds received by the City (the “CDBG Funds”) and, to the extent CDBG Funds are insufficient for such purpose, tax increment revenues generated within the Allocation Areas in the City (the “Tax Increment Revenues”); and WHEREAS, the District has previously pledged the Tax Increment Revenues to pay the principal of and interest on the (i) City of South Bend, Indiana Taxable Economic Development Tax Increment Revenue Bonds, Series 2020 (Community Education Center Project) (the “2020 Obligation”) and (ii) City of South Bend, Indiana Redevelopment District Taxable Tax Increment Revenue Bonds, Series 2025 (Residential Infrastructure Fund Loan) (the “2025 Obligation” and together with the 2020 Obligation, collectively, the “Prior Obligations”); and WHEREAS, the Commission anticipates that sufficient Tax Increment Revenues will be available to pay the principal of and interest on the Section 108 Loan, to the extent CDBG Funds are insufficient for such purpose, and the Prior Obligations; and 2 WHEREAS, the Commission desires to pledge such Tax Increment Revenues to the City for its use in order to pay the principal of and interest on the Section 108 Loan to the extent CDBG Funds are insufficient for such purpose; and WHEREAS, the Commission shall have no other obligation with respect to the payment of principal of or interest on the Section 108 Loan other than the payment of the Tax Increment Revenues which may be generated in the Allocation Areas; NOW, THEREFORE, BE IT RESOLVED, BY THIS SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: SECTION 1. To the extent CDBG Funds are insufficient to pay the principal of and interest on the Section 108 Loan when due, the Commission hereby irrevocably pledges the Tax Increment Revenues generated in the Allocation Areas (being those Tax Increment Revenues available after the payment of all indebtedness payable from such Tax Increment Revenues and such lease rentals the Commission may determine from time to time to pay from such Tax Increment Revenues) to the City for its use in order to pay the principal of and interest on the Section 108 Loan for a period up to but not exceeding twenty (20) years from the date of the origination of the Section 108 Loan. Such pledge shall terminate at the earliest of the (i) final payment on the Section 108 Loan, (ii) the conclusion of the twenty (20) year period, or (iii) expiration of the Allocation Areas. SECTION 2. There is hereby created and established within the Redevelopment District Bond Fund, a Western Avenue Transformation District Project Principal and Interest Account (the “Principal and Interest Account”). SECTION 3. To the extent CDBG Funds are insufficient to pay the principal of and interest on the Section 108 Loan when due, Tax Increment Revenues received by the Commission and not otherwise needed as set forth in Section 1 for the payment of indebtedness or lease rentals shall be deposited into the Principal and Interest Account and appropriated for payment to the City for its use in order to pay the principal of and interest on the Section 108 Loan. Tax Increment Revenues received in any year in excess of the amount necessary to pay the principal of and interest on the Section 108 Loan in said year do not remain pledged, may be transferred to any other account permitted by law, and may be used by the Commission for any purpose set forth in I.C. 36-7-14-39. Notwithstanding anything in this Resolution to the contrary, the pledge of the Tax Increment Revenues to the Section 108 Loan described herein shall be junior and subordinate to the Prior Obligations as long as the Prior Obligations remain outstanding. SECTION 4. For the avoidance of doubt, tax increment revenues derived from the Riverwalk Allocation Area, Lincoln and Kennedy Park Residential Housing Development Program Area Allocation Area, Lafayette North Allocation Area, Lafayette South Allocation Area, Ignition Park Allocation Area, Downtown North Allocation Area, Michigan Street Corridor Allocation Area, Studebaker Campus Allocation Area, Riverfront West Allocation Area and 3 Downtown South Allocation Area, each designated within the Area, are not pledged to the payment of principal of and interest on the Section 108 Loan. SECTION 5. The President and Secretary of the Commission are hereby authorized to enter into a pledge agreement on behalf of the Commission (the “Pledge Agreement”) providing that the Tax Increment Revenues are pledged as described herein and containing such other terms consistent with this Resolution to evidence the intent of the Commission to secure the Section 108 Loan with the Tax Increment Revenues to the extent CDBG Funds are insufficient to pay the principal of and interest on the Section 108 Loan when due. Any officer of the Commission is hereby authorized to take such further actions and execute on behalf of the Commission such further documents or agreements as any such officer deems necessary or appropriate to effectuate the purposes of this Resolution. SECTION 6. This Resolution shall be in full force and effect after its adoption by the Commission and shall not be repealed or amended in any manner which would serve to adversely affect the pledge of the Tax Increment Revenues contained herein. ADOPTED at a meeting of the South Bend Redevelopment Commission held on August 13, 2026, in the City Hall Council Chambers, 3rd Floor, 215 S. Dr. Martin Luther King, Jr., Boulevard, South Bend, Indiana, 46601. SOUTH BEND REDEVELOPMENT COMMISSION By: David Relos, President ATTEST: Eli Wax, Secretary DMS 54482387v2 South Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 8/7/2026 FROM: Joseph Molnar Deputy Director, Department of Community Investment SUBJECT: Resolution No. 3678 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 No. 3678 SPECIFICS: The proposed resolution would be the final public approval to finalize the issuance of a pay of TIF-funded bonds to support a number of Public Improvement Projects in the River West TIF District. The Redevelopment Authority and the Common Council have approved their portions of the approval process. The projects supported by the proposed bonds include: • Coal Line Phase III Installation - Extension of the existing Coal Line Trail from Lincoln Way West to the Martin Luther King Jr. Dream Center • College Street Streetscape Improvements - Connection with Phase III of the Coal Line Trail • Infrastructure improvements: Consisting of roads, storm water, sewer, and water utility infrastructure improvements along or adjacent to Old Cleveland Road • New Rum Village Neighborhood Community Center - Construction, renovation and equipping of a new Rum Village Neighborhood Center • Near Westside Neighborhood Park – Acquisition costs • Former Drewry’s Brewery Infrastructure -Infrastructure improvements to support the redevelopment of the former Drewry’s property • Muessel Grove Park Improvements -Improvements to Muessel Grove Park immediately adjacent to the former Drewrys Brewery These projects will improve infrastructure, expand access to parks, trails, and community facilities, and strengthen neighborhood connectivity, directly enhancing quality of life for South Bend residents. Staff recommends approval. ______________ ___________Pres/V-Pres ATTEST: __________ _______ _ Date: _____________ _______ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION RESOLUTION NO. 3678 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ESTABLISHING CERTAIN FUNDS AND ACCOUNTS IN CONNECTION WITH THE LEASE DATED AS OF JULY 1, 2026, BETWEEN THE SOUTH BEND REDEVELOPMENT COMMISSION AND THE SOUTH BEND REDEVELOPMENT AUTHORITY 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 (the “District”), exists and operates under the provisions of Indiana Code 36-7-14, as amended from time to time (the “Act”); and WHEREAS, the Commission, pursuant to a declaratory resolution previously adopted by the Commission and amended from time to time, has declared a certain area of the City of South Bend (the “City”) known as the “River West Development Area” (the “Area”) as an economic development area and an allocation area under the Act and approved an economic development plan for the Area; and WHEREAS, the Commission has given consideration to undertaking local public improvement projects in the Area including all or any portion of the following: (i) Coal Line Trail Phase III which consists of the extension of the existing Coal Line Trail from Lincoln Way West to the Martin Luther King Jr. Dream Center, and any related improvements; (ii) College Street streetscape improvements in connection with Phase III of the Coal Line Trail, and any related improvements; (iii) infrastructure improvements consisting of roads, storm water, sewer, and water utility infrastructure improvements along or adjacent to Old Cleveland Road, and any related improvements; (iv) the acquisition, construction, renovation and equipping of a new Rum Village Neighborhood Center, and any related improvements; (v) acquisition of land in the near west side of the City for a new neighborhood park, and any related improvements; (vi) infrastructure improvements to support the redevelopment of the former Drewry’s property and improvements to the adjacent Muessel Grove Park, and any related improvements; (vii) acquisition, construction and equipping of a new parking garage structure attached to the Morris Performing Arts Center, and any related improvements; and (viii) all projects related to any of the projects described in clauses (i) through and including (vii) (clauses (i) through and including (viii), collectively, the “Projects”); and WHEREAS, the South Bend Redevelopment Authority (the “Authority”) has been created pursuant to the provisions of Indiana Code 36-7-14.5 as a separate body corporate and politic, and as an instrumentality of the City to finance local public improvements for lease to the Commission; and WHEREAS, the Authority intends to lease all or a portion of certain roads in the City consisting of (i) Chapin Street from its intersection with Lincoln Way West to its intersection with Sample Street, (ii) Sample Street from its intersection with Chapin Street to its intersection with 2 Mayflower Road, (iii) Colfax Avenue/Orange Street from its intersection with South Dr. Martin Luther King, Jr. Boulevard to its intersection with Meade Street, (iv) Washington Street/Orange Street from its intersection with Meade Street to its intersection with Kenwood Avenue, (v) Kenwood Avenue from its intersection with Orange Street to its terminus west of Meade Street, and (vi) Meade Street/Bertrand Street from its intersection with Kenwood Avenue to its intersection with Eclipse Place (collectively, the “Leased Premises”) to the Commission pursuant to a lease dated as of July 1, 2026 (the “Lease”), which form of Lease was heretofore approved by this Commission, the Authority and the Common Council of the City in order to provide for the financing of all or any portion of the Projects; and WHEREAS, the Authority and the Commission have given consideration to (i) financing the cost of funding all or any portion of the costs of the Projects; (ii) funding a debt service reserve fund or paying the cost of a reserve surety, if necessary in connection with the issuance of the Bonds (defined herein); and (iii) paying costs incurred in connection with the issuance of the Bonds; and WHEREAS, the Authority intends to issue bonds pursuant to IC 36-7-14.5-19 and a trust indenture (the “Trust Indenture”) between the Authority and Regions Bank, as trustee (the “Trustee”), to be known as the “South Bend Redevelopment Authority Lease Rental Revenue Bonds, Series 2026” in one (1) or more series in an aggregate principal amount not to exceed Thirty-Three Million Dollars ($33,000,000) (the “Bonds”), the proceeds of which are to be used to finance all or any portion of the costs of (i) the Projects; (ii) funding a debt service reserve fund or paying the cost of a reserve surety, if necessary, in connection with the issuance of the Bonds; and (iii) issuing the Bonds; and WHEREAS, the Commission intends to pay rent to the Authority pursuant to the terms of the Lease, at a rate not to exceed Five Million Dollars ($5,000,000.00) per year, in semiannual installments, with a term no longer than nineteen (19) years beginning on the date the Authority acquires an interest in the Leased Premises, and ending on the day prior to a date not later than nineteen (19) years after such date of acquisition by the Authority (such rent payments being referred to herein as the “Lease Rental Payments”); and WHEREAS, it is necessary for the Commission to establish certain funds and accounts for the payment of the Lease Rental Payments owed by the Commission pursuant to the Lease; and WHEREAS, the Commission anticipates that sufficient funds will be available to the Commission to make the required Lease Rental Payments with such funds being derived from available tax increment revenues (the “TIF Revenues”) allocated to the Commission from the Area; and WHEREAS, because the Commission anticipates that sufficient TIF Revenues will be available to make the Lease Rental Payments, each of the Projects does not constitute a “controlled project” as such term is defined by Indiana Code 6-1.1-20-1.1; NOW, THEREFORE, BE IT RESOLVED, BY THIS SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 3 SECTION 1. The Commission hereby determines that, because the TIF Revenues are expected to be sufficient to pay the Lease Rental Payments, each of the Projects does not constitute a “controlled project” as such term is defined by Indiana Code 6-1.1-20-1.1. SECTION 2. The Commission agrees that it shall levy in each calendar year pursuant to Section 27 of the Act during the term of the Lease a special tax upon all of the taxable property in the District in a total amount necessary, together with all other funds (other than special taxes), including, without limitation, the TIF Revenues then on deposit in the Lease Fund (as defined herein) as of August 1 of such calendar year, to pay all Lease Rental Payments payable in the 12- month period beginning on July 1 of the year following such calendar year pursuant to Section 2 of the Lease. The Controller of the City (the “Controller”) is hereby authorized to create a fund (the “Lease Fund”) for the purpose of depositing such taxes into and such taxes and any other funds deposited in the Lease Fund shall be irrevocably pledged for the purposes set forth in this Resolution, such pledge being effective as set forth in IC 5-1-14-4 without the necessity of filing or recording this resolution or any instrument except in the records of the Commission. In addition to any amounts then on deposit in the Lease Fund, if any, the Commission may also take into account when determining whether it is necessary to levy the special tax as described herein, cash amounts available in the debt service reserve fund which may be established under the Trust Indenture to provide additional security for the Bonds, all based upon the advice and recommendation of the Controller. Notwithstanding the foregoing, the Commission expects that the TIF Revenues will be sufficient to pay the Lease Rental Payments when due without the need for the special tax described herein. SECTION 3. The Commission hereby authorizes and directs the President, Vice President and the Secretary of the Commission to take any and all necessary actions and execute any and all necessary documents to carry out the purpose of this Resolution. This Resolution shall be in full force and effect after its adoption by the Commission. ADOPTED at a meeting of the South Bend Redevelopment Commission held on August 13, 2026, in the City Hall Council Chambers, 3rd Floor, 215 S. Dr. Martin Luther King, Jr., Boulevard, South Bend, Indiana, 46601. SOUTH BEND REDEVELOPMENT COMMISSION By: David Relos, President ATTEST: Eli Wax, Secretary DMS 54455437v1 South Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Redevelopment Commission Agenda Item DATE : August 3rd, 2026 FROM: Nifemi Oluwatomini Senior Engineer SUBJECT: Budget Request- College street Improvement 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 $180,000 for the design of the College Street Improvement project consisting of street paving, raised intersection and sidewalk replacement. SPECIFICS: The budget request is for the design of College Street Improvement from Lincolnway West to Linden Avenue. The proposed project includes a variety of pedestrian, roadway, and streetscape improvements along the College Street and Lincolnway corridors. Work will include design of new sidewalks, curbs, ADA - compliant curb ramps, drainage enhancements, and street lighting upgrades along the east side of College Street between Lincolnway West and Linden Avenue and on the south side of Lincolnway West from College Street to Wilber Street. The project will be done in coordination with the Coal Line Trail Phase III project and will link Coal Line Phases II and III. Both this project and the Coal Line Phase III project were included in the Kennedy Park Neighborhood Plan. It is requested that the Redevelopment Commission approves $180,000 from River West TIF for the design of the College Street Improvement project. The River West TIF will be reimbursed by the proposed 2026 River West Neighborhood Bond if it is fully approved. Staff recommends approval. ______________ ___________Pres/V-Pres ATTEST: __________ ________Secretary 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 : 8/7/2026 FROM: Erin Michaels – Property Development Manager SUBJECT: Second Amendment – 1547 CSR – South Bend, LLC Network Operating Center 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 Proposed Second Amendment to Network Operating Center Lease with 1547 SCR – South Bend, LLC SPECIFICS: The Redevelopment Commission acquired the property located at 320 W South Street, more commonly known as Union Station, through a Purchase Agreement dated July 25th, 2024. As a part of this acquisition the Redevelopment Commission was transferred the rights and obligations of a Network Operating Center Lease (the “Lease”) with 1547 CSR – South Bend, LLC (the “Tenant”). The Tenant is also the owner of the adjacent property located at 506 W South Street which shares a wall and entrance with Union Station. The Tenant is working to separate their property from Union Station and construct their own separate entrance solely on their property. In the interim the Tenant occupies space in Union Station and maintains security at the entrance per the terms of the Lease. The First Amendment to the Lease was approved by the Redevelopment Commission on August 14, 2025, which extended the lease termination date to August 19, 2026. The Tenant has requested an extension of the termination date of the Lease to allow for the additional time needed for construction to separate their facility from Union Station. Design is underway for the of the new entrance and construction will begin soon. Per the amended Lease the termination date is August 19, 2026. The proposed Second Amendment would extend this termination date to February 28, 2027, after which the lease would be renewed on a month-to-month basis to allow the additional time needed to fully separate the buildings. The Redevelopment Commission or the Tenant can terminate this lease with 60 days’ notice. The Tenant would continue to provide 24/7 security and property supervision for Union Station through the extended term of the Lease. ______________ ___________Pres/V-Pres ATTEST: __________ _______ _ Date: _____________ _______ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION SECOND AMENDMENT TO LEASE AGREEMENT This Second Amendment to Networking Operating Center Lease (“Second Amendment”) is made effective as of August 13, 2026 (the “Effective Date”) by the City of South Bend, Indiana, Department of Redevelopment, acting by and through its governing body, the South Bend Redevelopment Commission (the “Landlord”) and 1547 CSR – South Bend, LLC, a Delaware limited liability company (“Tenant” and collectively with the Landlord, the “Parties”). Each of the Parties may be referred to in this Amendment as a “Party.” Recitals A. Tenant and Union Station Properties Holding LLC entered into a certain Network Operating Center Lease dated August 20, 2024, as amended by the First Amendment to Network Operating Center Lease dated August 14, 2025 (together, the “Lease”) to set forth Tenant’s access rights and use of the network operating center currently existing at the property located at 506 West South Street in South Bend, Indiana as well as its security obligations thereto. B. Union Station Properties Holding LLC transferred and assigned all of its rights and obligations under the Lease to the South Bend Redevelopment Commission as Landlord under a certain Assignment and Assumption of Leases and Licenses dated August 20, 2024. C. The term of the Lease is currently set to terminate on August 19, 2026. D. Tenant has requested to extend the termination date of the Lease to account for additional time needed for construction related to its use, and Landlord believes an extension of the Lease term is in the best interests of the health, safety, and welfare of the City and its residents. E. The Parties therefore now desire to modify certain portions of the Lease as further set forth herein. NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and promises contained in this Second Amendment and the Lease and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree as follows: 1. Section 4 shall be deleted in its entirety and replaced with the following: “The term of this Lease (the “Term”) shall commence on the Lease Effective Date and terminate on February 28, 2027 (the “Lease Termination Date”). Thereafter, the Lease shall continue on a month-to-month basis upon the same terms and conditions contained herein, unless and until terminated by either Party upon at least sixty (60) days’ prior written notice to the other Party. Notwithstanding the foregoing, Landlord and Tenant may terminate this Lease prior to the Lease Termination Date by mutual written agreement.” 2. Unless expressly modified by this Second Amendment, the terms and provisions of the Lease remain in full force and effect. 3. Capitalized terms used in this Second Amendment will have the meanings set forth in the Lease unless otherwise stated herein. 4. The recitals set forth above are hereby incorporated into the operative provisions of this Second Amendment. 5. This Second Amendment will be governed and construed in accordance with the laws of the State of Indiana. 6. This Second Amendment 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. Signature Page Follows IN WITNESS WHEREOF, the undersigned have executed this Second Amendment as of the date set forth after their signatures. “LANDLORD” SOUTH BEND REDEVELOPMENT COMMISSION By: David Relos, President ATTEST: Eli Wax, Secretary Date: _______________ “TENANT” 1547 CSR – South Bend, LLC a Delaware Limited Liability Company By:___________________________ Its__________________________________ Date:_______________________