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11
<br /> Notice of Intended Disposition of Property
<br />RIVER WEST DEVELOPMENT AREA
<br />
<br />Notice is hereby given that the Redevelopment Commission of the City of South Bend, Indiana, will receive sealed offers for the
<br />purchase of certain property situated in the River West Development Area until 9:00 a.m. (local time) on November 13, 2025 in
<br />the Office of the Department of Redevelopment, 215 S. Dr. Martin Luther King Jr. Blvd., Suite 500, South Bend, Indiana, 46601.
<br />All offers will be publicly opened and read aloud at 9:30 a.m. (local time) on the November 13, 2025 at the Regular Meeting of the
<br />Redevelopment Commission to be held that date and time in 215 S. Dr. Martin Luther King Jr. Blvd., Room 301, South Bend, IN
<br />46601, or in the event of cancellation or rescheduling, at the Redevelopment Commission’s subsequent regular meeting or
<br />rescheduled regular meeting held at a time and place given by public notice. Bid proposals for the purchase of the property
<br />offered will be considered.
<br />
<br />The property being offered is legally described as 63 X 66 Ft Nw Cor Lot 19 Denniston & Fellows Sub Of Lots 19 20 | 33 Ft N
<br />End So 69 Ft Sw Pt Lot 19 Denniston & Fellows Sub Pt Lot 19 & 20 23/24 Split #60880 9/6/2022 to 096901 | 36'X 66'Sw Pt Lot
<br />19 Denniston & Fellows Sub Pt Lot 19 & 20 & S 36'Lot 7 Hudson Add 23/24 Split #60880 9/6/2022 to 097001 | 66' x 132' Nw
<br />Cor Lot 20 Denniston & Fellows Sub Of Lots 19 20 23/24 Split #60880 9/6/2022 to 097101 | N 33' Of 33 X 132' S W Cor Lot 20
<br />Denniston & Fellows Sub Lots Of 19-20 23/24 Split #60880 9/6/2022 to 097201 | 33 X 132 Ft Sw Cor Lot 20 Denniston &
<br />Fellows Sub Lots Of 19-20 23/24 Split #60880 9/6/2022 to 097301 | 63 Ft N Side Of Lot 7 Hudsons Sub Of Parts Of Lots 19-20
<br /> Denniston & Fellows 23/24 Split #60880 9/6/2022 to 097401. The property being offered bears the Tax IDs of 018-3027-0968,
<br />018-3027-0969, 018-3027-0970, 018-3027-0971, 018-3027-0972, 018-3027-0973, and 018-3027-0974, and is commonly known
<br />as 502 Carroll St, 510 Carroll St, 512 Carroll St, 514 Carroll St, 516 Carroll St, 524 Carroll St, and 316 E Monroe the River West
<br />Development Area, South Bend, Indiana. Any proposal submitted must be for the site as noted on the Offering Sheet. The
<br />required re-use of the property is for projects that are permitted within the NC Neighborhood Center and U2 Urban Neighborhood
<br />2 zoning designations. Strong emphasis will be placed during the review process on compatibility with and support of the River
<br />West Development Area and the surrounding businesses and neighborhood.
<br />
<br />A packet containing bid forms, the Offering Sheet and other pertinent information may be picked up at the Department of
<br />Community Investment, 215 S. Dr. Martin Luther King Jr. Blvd., Suite 500, South Bend, IN 46601.
<br />
<br />The Commission reserves the right to reject any and all bids, and to make the award to the highest and best bidder. In
<br />determining the best bid, the Commission will take into consideration the following:
<br />
<br />1. The use of the improvements proposed to be made by each bidder on the property, and their compatibility with and
<br />support of the proposed re-use as described in the Offering Sheet;
<br />
<br />2. Each bidder’s ability to improve the property with reasonable promptness;
<br />
<br />3. Each bidder’s proposed purchase price;
<br />
<br />4. Any factors which will assure the Commission that the sale, if made, will further the carrying out of the Development
<br />Plan for the River West Development Area and the Monroe Park Edgewater Neighborhood Plan and will best serve the
<br />interest of the community from the standpoint of human and economic welfare; and
<br />
<br />5. The ability of each bidder to finance the proposed improvements to the property with reasonable promptness.
<br />
<br />The Commission further reserves the right to waive any formalities in bidding which are not mandatory requirements.
<br />
<br />A bid submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each:
<br />
<br />(A) beneficiary of the trust; and
<br />(B) settlor empowered to revoke or modify the trust.
<br />
<br />To secure the execution of the disposition agreement, the purchase of the property and the redevelopment thereof in accordance
<br />with the agreement, the bidder must submit with the proposal a faithful performance guaranty, in the sum of ten percent (10%) of
<br />the amount offered for the purchase of the property. The guaranty sum may be in the form of a certified check, a cashier’s check,
<br />surety bond, letter of credit from a bank or trust company as approved by the Redevelopment Commission, or by other sufficient
<br />security, but the form, substance and terms of the performance guaranty must be approved as satisfactory by the
<br />Redevelopment Commission. The performance guaranty, if by cashier’s or certified check, shall be deposited in any account of
<br />the Department of Redevelopment, City of South Bend, in a bank or trust company selected by the Redevelopment Commission.
<br />
<br />
<br />CITY OF SOUTH BEND, INDIANA
<br />DEPARTMENT OF COMMUNITY INVESTMENT
<br />Erin Michaels, Property Development Manager
<br />Publish Dates: October 31 and November 7, 2025
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