5B5 Former YMCA Northside - Bid Specifications (1201 Northside) - Signed

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South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item D ATE : 4/2/2025 FROM: Erin Michaels – Property Development Manager SUBJECT: Disposition of Former YMCA Northside Property Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. * Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. PURPOSE OF REQUEST: Begin Disposition Process of Former YMCA Northside Property SPECIFICS: The Redevelopment Commission (RDC) acquired the former YMCA Northside property located at 1201 Northside Blvd through a certain Donation Agreement executed on April 23, 2024. Staff believe this property is a prime redevelopment opportunity for the East Bank area. The attached three documents - Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be redeveloped and set the following conditions for a bid on the Property: -$576,500 minimum bid (average of two appraisals) -All bids will be due by 9:00am on May 22, 2025 and opened publicly at the RDC meeting on May 22, 2025 -During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River East Development Area. These parcels are currently vacant land as the old YMCA facility has been completely demolished. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION April 24, 2025 