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5A1 Purchase Agreement (New Day Intake Center) - Signed
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5A1 Purchase Agreement (New Day Intake Center) - Signed
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8/14/2025 11:05:47 AM
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8/14/2025 11:05:42 AM
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Dept of Community Investment
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Redevelopment Commission Agenda Item <br />DATE: August 11, 2025 <br />FROM: Caleb Bauer, DCI Executive Director <br />SUBJECT: New Day Intake Center Agreements <br />Funding Source* (circle one) River West; River East; South Side; Douglas Road; West Washington; RDC General <br /> *Funds are subject to the City Controller's 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 />Specific request: $2,475,686 from River West Development Area <br />$1,058,937 from River East Development Area <br />$465,377 from South Side Development Area <br />Purpose of Request: Appropriation requested to fund a forgivable loan for the development of <br />the New Day Intake Center on Old Cleveland Road as part of attached development agreement <br />and real estate purchase agreement, which include development and operational commitments <br />from the nonprofit. The project would develop a minimum 110-bed lower barrier shelter to <br />provide homeless services in our community in a permanent, purpose-built space. The <br />developer is the nonprofit 501c3 New Day Intake Center. These agreements are also <br />accompanied by an option to purchase the Knight’s Inn site for $1 following completion of the <br />New Day Intake Center. <br />_________________________Pres/V-Pres <br />ATTEST: __________________Secretary <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />August 14, 2025 <br />
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