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South Bend <br />Redevelopment Commission <br />-ram x 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />DATE: 6/22/26 <br />FROM: Joseph Molnar, <br />Deputy Director Community Investment <br />sr■� Pres/V-Pres <br />ATTEST - <br />Date: <br />Date: 1 2 S I <br />SUBJECT; Resolution Approving Proposed Lease with L APPROVED ❑ Not Approved <br />South Bend Redevelopment Authority SOUTH BEND REDEVELOPMENT COMMISSION <br />Funding Source* (circle) tiver West; aver East; South Side; Douglas Road; West Washington% RDC General. Riv. East Res. <br />* Funds are subject to the Ci is determination of availability; if funds are unavailable, as solely determined by the City Controller, <br />then the authorization of the expenditure of such funds shall be void and of no effect. <br />PURPOSE OF REQUEST: Authorization of Proposed Lease with South Bend Redevelopment Authority <br />for issuance of Tax -Exempt Lease Rental Revenue Bonds, Series A, and Taxable Lease Rental <br />Revenue Bonds, Series B <br />SPECIFICS: The proposed lease would initiate the process of issuance of a pair of TIF-funded bonds <br />to support a number of Public Improvement Projects in the River West TIF District, including: <br />■ Coal Line Phase III Installation - Extension of the existing Coal Line Trail from Lincoln Way West to <br />the Martin Luther King Jr. Dream Center <br />• College Street Streetscape Improvements - connection with Phase 111 of the Coal Line Trail <br />• Infrastructure improvements consisting of roads, storm water, sewer, and water utility <br />infrastructure improvements along or adjacent to Old Cleveland Road <br />■ New Rum Village Neighborhood Community Center - Construction, renovation and equipping of <br />a new Rum Village Neighborhood Center <br />■ Near Westside Neighborhood Park - Acquisition costs <br />■ Former Drewry's Brewery Infrastructure -infrastructure improvements to support the <br />redevelopment of the former Drewry's property <br />■ Muessel Grove Park Improvements -Improvements to Muessel Grove Park immediately adjacent <br />to the former Drewrys Brewery <br />