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<br />South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br /> <br /> <br /> <br />Redevelopment Commission Agenda Item <br /> <br />DATE : 5/12/2025 <br /> <br />FROM: Erin Michaels – Property Development Manager <br /> <br />SUBJECT: Purchase Agreement – 802-812 S Lafayette Blvd <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: Approval of Purchase Agreement for 802-812 S Lafayette Blvd <br /> <br />SPECIFICS: The Redevelopment Commission owns three (3) parcels located at 802-812 S Lafayette Blvd that were <br />put through disposition on July 14, 2016 and received no bids on August 11, 2016. The proposed purchase <br />agreement would be between the RDC and ChoiceLight, Inc. <br /> <br />The Agreement commits ChoiceLight, Inc to the following terms: <br />- Purchase price of $15,750.00 <br />- Due Diligence Period: Sixty (60) days following approval of Agreement <br />- Closing Period: Twenty (20) days after the end of the Due Diligence Period <br />- Development of a telecommunications shelter <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