6.B.(2) Application for Grant and Loan for Demo costs at Studebaker Foundry

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Applicant: South Bend Redevelopment Commission Address: 227 W. Jefferson Blvd. #1200 South Bend, IN 46601 Contact Person: Ann Kolata Phone: 574-235-9374 Fax: 574-235-9021 Email: akolata(cusouthbendin.~.ov Property Address: 1100 Prairie Avenue Property Tax ID Number: 18-8021-084902 Provide a brief description and history of the Applicant and the Business to be assisted by this loan. Include information on product or service and number of employees for the Business. The South Bend Redevelopment Commission exists and operates under the authority of I.C. 36-7-14. They have designated a number of redevelopment and economic development areas within the city and have undertaken a number of projects to bring about redevelopment and/or economic development. One such project is the redevelopment of the former Studebaker property and the development of Ignition Park. Identify the site for which the loan has been requested. Include infornation on the current owner of the property, street address, size, zoning, and other related information. Attach a site map. The property at 1100 Prairie Avenue is owned by the South Bend Redevelopment Commission. It was purchased on July 2, 2009. It is zoned industrial and contains approximately 19.191 acres. There is a building on the property that was constructed as the Studebaker foundry. The building has approximately 568,000 square feet. It is currently occupied by Underground Pipe & Valve and is used as a piping materials storage facilih~. Piping materials for road, sewer and building construction are stored on the property. Describe your plans for redeveloping the site. Include a detailed description of all elements of the proposed plan, such as type of development (residential, commercial, office, etc.), estimated private investment in the site, estimated taxable value, and estimated construction timetable and other related information. Describe any commitments for financing the proposed project. Attach a Preliminary Site Plan. The property is still occupied but will be demolished when it is vacant. Revolving Loan Funds will be used to fund the environmental portions of the demolition.