HomeMy WebLinkAboutagenda report 2015 0115 rdc 06b3ITEM: 6.B.(3)
Department of
Community Investment
Memorandum
January 15, 2015
TO:
FROM:
SUBJECT:
South Bend Redevelopment Commission
David Relos, Economic Resources (J)f/.
Request to Advertise
Lot 5 of the Coveleski Park Minor Subdivision
Attached is the Notice of Intended Disposition of Property (Notice) for Lot 5 of the
Coveleski Park Minor Subdivision, in the River West Economic Development Area.
This Notice will be advertised in both the South Bend Tribune and the Tri-County News
on January 23 and January 30, 2015.
Staff requests approval of this Notice and the Request to Advertise, for the eventual
disposition of this property.
227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTH BEN DIN.GOV
Notice of Intended Disposition of Property
RIVER WEST DEVELOPMENT AREA
Lot 5 of the Coveleski Minor Subdivision
South Bend, Indiana
Notice is hereby given that the Redevelopment Commission of the City of South Bend, Indiana, will receive sealed offers for the
purchase of certain property situated in the River West Development Area until 9:00 a.m. (local time) on the 12th day of February
2015 in the Office of the Department of Redevelopment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana, 46601. All offers will be publicly opened and read aloud at 9:30 a.m. (local time) on the 12th day of February 2015 at the
Regular Meeting of the Redevelopment Commission to be held that date and time in Room 1308 County-City Building, 227 West
Jefferson Boulevard, South Bend, IN 46601. Bid proposals for the purchase of the property offered will be considered.
The property being offered is located in the 500 block of S. Lafayette Blvd., in the River West Development Area, South Bend,
Indiana. Any proposal submitted must be for the entire parcel being offered. The required re-use for the parcel is for projects that
are permitted within the Central Business District zoning designation. Strong emphasis will be placed during the review process on
compatibility with the goals and objectives of the surrounding neighborhood; the River West Development
Area; the Coveleski Park Planning Area; and development of the property into a minimum 10,000 square foot, six tunnel indoor
hitting and training facility serving the minor league baseball team utilizing Coveleski Stadium and Four Winds Field.
A packet containing bid forms, the offering sheet and other pertinent information may be picked up at the Department of
Community Investment, 1400 S. County-City Building, 227 West Jefferson Boulevard, South Bend, IN 46601.
The Commission reserves the right to reject any and all bids, and to make the award to the highest and best bidder. In determining
the best bid, the Commission will take into consideration the following:
1. The use of the improvements proposed to be made by each bidder on the property, and their compatibility with the
proposed re-use as described in the Offering Sheet in the packet available
2. Each bidder's ability to improve the property with reasonable promptness
3. Each bidder's proposed purchase price
4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the Development Plan
for the River West Development Area and will best serve the interest of the community from the standpoint of human and
economic welfare
5. The ability of each bidder to finance the proposed improvements to the property with reasonable promptness
The Commission further reserves the right to waive any formalities in bidding which are not mandatory requirements.
A bid submitted by a trust (as defined in IC 30-4-1-1 (a)) must identify each:
(A) beneficiary of the trust; and
(B) settler empowered to revoke or modify the trust.
To secure the execution of the disposition agreement, the purchase of the property and the redevelopment thereof in accordance
with the agreement, the bidder must submit with the proposal a faithful performance guaranty, in the sum of ten percent (10%) of
the amount offered for the purchase of the property. The guaranty sum may be in the form of a certified check, a cashier's check,
or surety bond, letter of credit from a bank or trust company as approved by the Redevelopment Commission, or by other sufficient
security, but the form, substance and terms of the performance guaranty must be approved as satisfactory by the Redevelopment
Commission. The performance guaranty, if by certified check, shall be deposited in any account of the Department of
Redevelopment, City of South Bend, in a bank or trust company selected by the Redevelopment Commission.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF COMMUNITY INVESTMENT
Scott Ford, Executive Director
Publish Dates: January 23 and January 30, 2015
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