HomeMy WebLinkAboutagenda item 2016 0324 rdc5c65 C (6)'I
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Department of
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Community Investment
1865
Memorandum
March 24, 2016
TO: South Bend Redevelopment Commission
FROM: David Relos, Economic Resources
SUBJECT: Request to Advertise
500 Block S. Lafayette & Main Disposition (old Studebaker Museum block)
Attached is the Notice of Intended Disposition of Property (Notice) for the old Studebaker
Museum block in the 500 block of S. Lafayette and Main streets, in the River West
Development Area.
This Notice will be advertised in both the South Bend Tribune and the Tri- County News
on April 01 and April 08, 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
500 Block S. Lafayette and Main
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 28th day of
April 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 28th day of April
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, or in the event of cancellation or rescheduling, at the
Redevelopment Commission's subsequent regular meeting or rescheduled regular meeting held at a time and place given by
public notice. 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 and Main, in the River West Development Area, South
Bend, Indiana. Any proposal submitted must be for either of the two tracts of land or the entire site. 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 River West Development Area; the planning efforts of the Central
Business District and Coveleski Stadium area; and the surrounding neighborhood
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: April 01 and April 08, 2016