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South Bend <br />Redevelopment Commission <br />215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />DATE: 11/4/2025 <br />FROM: Jospeh Molnar – Assistant Director of Growth & <br />Opportunity <br />SUBJECT: Certificate of Completion – Panaderia Y Super <br />Mercado <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 />PURPOSE OF REQUEST: Issue Certificate of Completion for Panaderia Y Super Mercado <br />SPECIFICS: On July 8, 2021, the RDC and Panaderia Y Supermercado entered into a Real Estate Purchase <br />Agreement (the “Agreement”) for property located at 2401 W Western Ave in order to build a new grocery store. <br />Panaderia Y Supermercado have completed construction of the new grocery store and has performed all of the <br />Buyer’s Post-Closing Development Obligations as required under the Purchase Agreement and provided the <br />appropriate documentation. <br />-Within Fourty-Four (44) Months after Closing expend no less than $1,000,000 on improvements to the <br />site <br />o Panaderia Y Supermercado expended greater than $1,000,000 on improvements to the site and <br />have provided documentation demonstrating the expenses. <br />-Commence Construction within Thirty-Two Months of Closing Date <br />o Panaderia Y Supermercado began and completed construction within Thirty-Two (32) months of <br />Closing Date <br />-Develop a grocery store of no less than 10,000 SF in area <br />o Panaderia Y Supermercado has completed construction of a new grocery store greater than <br />10,000 SF in area and has a Certificate of Occupancy from the Building Department <br />-Develop at least two additional commercial and/or office spaces <br />o Panaderia Y Supermercado has developed two commercial spaces in addition to the grocery <br />store <br />-Employ a minimum of Twenty-Five (25) full-time employees <br />o Panaderia Y Supermercado employes a minimum of 25 full-time employees <br /> Staff requests approval. <br />_________________________Pres/V-Pres <br />ATTEST: __________________V-President <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />November 13, 2025 <br />