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South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />D ATE : 11/7/2024 <br />FROM: Joseph Molnar, Assistant Director of <br />Growth & Opportunity <br />SUBJECT: 2nd Amendment to Purchase Agreement for <br />former Firehouse #9 <br />Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. <br />* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the <br />authorization of the expenditure of such funds shall be void and of no effect. <br />PURPOSE OF REQUEST: Resolution Authorizing Staff to Bid on Acquisition List Properties at Sheriff’s Sale <br />SPECIFICS: The Commission on June 9th, 2022, entered into a purchase agreement with Fire Station No 9 for the <br />purchase of former Firehouse #9. The Buyer has requested an extension for their Post-Closing Development <br />Obligations of twelve (12) months to finish construction. <br />Staff believes this request is valid as the Buyer has invested $150,000 of the total $250,000 required per the <br />Purchase Agreement for renovations to the property included but not limited to demo of old fire operations <br />equipment, new roof, new insulation, new air conditioning, new electrical and rough plumbing on second floor. <br />There are no other substantive changes to this agreement. <br />Staff recommends approval. <br />_________________________Pres/V-Pres <br />ATTEST: __________________Secretary <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />11-14-2024 <br />