HomeMy WebLinkAboutagenda item 2016 0114 rdc 07b8ITEM: 7.13.(8)
Department of
Community Investment
1865
Memorandum
January 14, 2016
TO: South Bend Redevelopment Commission
FROM: David Relos, Economic Resources /�1�
SUBJECT: Request to Advertise W�'�
Olive Road Six (6) Parcel Disposition
Attached is the Notice of Intended Disposition of Property (Notice) for six (6) parcels
located at the southeast corner of Enterprise Drive and Olive Road, 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 22 and January 29, 2016.
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 1 P: 574 - 235 -9371 1 FAX: 574 - 235 -9021 1 SOUTHBENDIN.GOV
Notice of Intended Disposition of Property
RIVER WEST DEVELOPMENT AREA
Six Parcels at the Southeast Corner of Enterprise Dr. & Olive Rd.
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 11th day of February
2016 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 11th day of February 2016 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 at the southeast corner of Enterprise Dr. and Olive Rd., in the River West Development Area,
South Bend, Indiana. Any proposal submitted must be for the entire property being offered. The required re -use forthe property is
for projects that are permitted within the Light Industrial zoning designation. Strong emphasis will be placed during the review
process on compatibility with the goals and objectives of the surrounding neighborhood and the River West Development
Area.
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
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) settlor 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,
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 22 and January 29, 2016