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<br /> Notice of Intended Disposition of Property
<br />RIVER WEST DEVELOPMENT AREA
<br />Lot 1 Studebaker Bros Mfg Sub Of 112 & 50 X 82 Ft No End Lot 2 and Lot 2 Studebaker Bros Mfg Co W 38' Lot 2 W 38 Ft Lot 3
<br />Tax IDs: 18-1058-2458 & 018-1058-2460
<br />Commonly Known As: 821 Portage Ave & 808 Cushing St
<br />
<br />South Bend, Indiana
<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 May 14, 2026 in the
<br />Office of the Department of Redevelopment, 215 S. Dr. Martin Luther King Jr. Blvd., Suite 500, South Bend, Indiana, 46601. All
<br />offers will be publicly opened and read aloud at 9:30 a.m. (local time) on the May 14, 2026 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 located at Lot 1 Studebaker Bros Mfg Sub Of 112 & 50 X 82 Ft No End Lot 2 and Lot 2
<br />Studebaker Bros Mfg Co W 38' Lot 2 W 38 Ft Lot, Tax IDs: 18-1058-2458 & 018-1058-2460, commonly known as 821
<br />Portage Ave and 808 Cushing St. in the River West Development Area, South Bend, Indiana. Any proposal submitted must
<br />be for the site as noted on the Offering Sheet. The required re-use of the property is for projects that are permitted within
<br />the NC Neighborhood Center zoning designation. Strong emphasis will be placed during the review process on
<br />compatibility with and support of the River West Development Area, the Near Northwest Neighborhood Plan, and the
<br />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 Near Northwest Neighborhood Plan will best serve the interest of the
<br />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: May 1 and May 8, 2026
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