Redevelopment Commission Agenda & Packet 10.09.25

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CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – September 25, 2025 6 One source is the Revolving Residential Infrastructure Loan from the Indiana Finance Authority, which has already been closed. These loan proceeds can be used to support the demolition. Additionally, there is a $3.5 million READI Blight and Redevelopment grant, awarded through a separate funding round from the READI 2.0 process. While the contract is still being finalized, this grant will likely be structured as a reimbursement and used primarily for further site preparation and infrastructure. President Warner stated, to summarize: no additional budget appropriation will be needed for the demolition. Ms. Patton, to further address your question—there are still some administrative steps to take. Our ultimate goal is to bring the entire area to Greenfield state by spring or early summer. This would allow us to issue an RFP in the spring and begin serious discussions around full site development. Yes, we do intend to bring all property to a shovel-ready Greenfield condition. Commissioner Shaw asked if we were communicating that we would like this project to be all one package. Mr. Molnar stated that so far, most of the interest we've received has come from developers who want to be involved in the project. This is likely because we've previously shared conceptual renderings that show single-family homes on the site. Many of the developers reaching out are builders of single-family homes. They're excited about the potential—both for affordable housing and market-rate options. We expect the final development to include a mix of both. There’s been less interest from developers wanting to take on the entire site themselves. I’d be surprised if we get a bid for all three parcels together, though anything is possible. Most of the interest has been from people saying, “I’d like to help build 20 homes,” or “I want to be part of improving the neighborhood.” Upon a motion by Eli Wax for approval, seconded by David Relos, the motion carried unanimously; the Commission approved the Bid Specifications, Notice of Intended Disposition and Resolution No. 3649 as presented on September 25, 2025. 4. Disposition of 1335 Portage Ave. (Portage Sunoco) Upon a motion by Eli Wax for approval, seconded by Ophelia Gooden- Rodgers, the motion carried unanimously; the Commission approved the Bid Specifications, Notice of Intended Disposition and Resolution No. 3650 as presented on September 25, 2025.