HomeMy WebLinkAbout5A3 Request to Advertise Former Newman Center Disposition45pUT88
Department of
Community
1865
Investment
Memorandum
June 30, 2016
TO: South Bend Redevelopment Commission
FROM: David Relos, Economic Resources
SUBJECT: Request to Advertise
Former Newman Center Disposition
Attached is the Notice of Intended Disposition of Property (Notice) for the former Newman
Center, bounded by Northside, Eddy, and Sample, in the River East Development Area.
This Notice will be advertised in both the South Bend Tribune and the Tri- County News
on July 8 and July 15, 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 EAST DEVELOPMENT AREA
Parcel of land bounded by Northside, Eddy, and Sample
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 East DevelopmentArea until 9:00 a.m. (local time) on the 28th day of July 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 July 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 bounded by Northside Blvd., Eddy St., and Sample St., in the River East Development Area, South
Bend, Indiana. Any proposal submitted must be for the entire site. The required re -use for the parcel is for projects that are
permitted within the Mixed Use zoning designation. Strong emphasis will be placed during the review process on compatibility with
the River East Development Area and the surrounding businesses and 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 East DevelopmentArea and will best serve the interest of the communityfrom 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
Brian Pawlowski, Acting Executive Director
Publish Dates: July 8 and July 15, 2016
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