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<br />South Bend <br />Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br /> <br /> <br /> <br />Redevelopment Commission Agenda Item <br /> <br />DATE: 4-1-2025 <br /> <br />FROM: Caleb Bauer – Executive Director of <br />Community Investment <br /> <br />Joseph Molnar – Assistant Director of Growth & <br />Opportunity <br /> <br />SUBJECT: Budget Request for State Theatre Critical Repairs <br /> <br /> <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 /> <br />PURPOSE OF REQUEST: Budget Request to provide funds for critical repairs to the State Theatre <br /> <br />SPECIFICS: The RDC approved a Real Estate Purchase Agreement on February 13, 2025, for the State Theatre <br />located at 212 & 216 S Michigan St and City staff have begun the due diligence process to investigate the <br />condition of this property. Through the due diligence process Staff have determined that there are critical repairs <br />that need to be performed to prevent the condition of the building from deteriorating further. <br /> <br />The requested $350k would provide the funding to make immediate repairs to the roof structure to prevent <br />further moisture infiltration, clear scuppers and external downspouts, and secure all doors and windows. Any <br />excess funds would be reserved for possible design of further improvements to the building or day-to-day <br />property maintenance. Performing these repairs as soon as RDC takes possession of the building will prevent any <br />further long-term damage. Funds would only be expended if closing occurs, and the Redevelopment Commission <br />takes ownership of the State Theater. If closing does not occur, the funds will be returned to the River West <br />Development Area. <br /> <br />Staff recommend approval of the budget request. <br /> <br /> <br /> <br /> <br /> <br />_________________________Pres/V-Pres <br /> <br />ATTEST: __________________Secretary <br /> <br />Date: ____________________ <br /> <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION