6C(1) Staff reporton Certified Technology Park

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Indiana Economic Development Corporation Certified Technology Park Technology Development Grant Fund Application A. Applicant (Redevelopment Commission): Narne: South Bend Redevelopment Commission Street Address: 227 W. Jefferson, Suite 1200 City, County, Zip Code: South Bend, St. Joseph 46601 Contact: Name Don Inks and Patrick McMahon Title: Director of Redevelopment and Executive Director of Project Future Phone:(574) 235-9339 and (574) 234-6590 Fax: (574)_235-9021 and (574) 236-1060 Email: dinks(~usouthbendin.~ov and pmcmahon@projectfuture.org B. Certified Technology Park Designation: Date of Applicant's designation as an Indiana Certified Technology Park: Approved Sept. 2008 C. Use of Funds The IEDC has established the following requirements for evaluating applications for designation at a CTP and grants from the TDGF. Please include with your application a Business Plan describing how the requested TDGF grant will satisfy these requirements. 1. Submission of a viable business plan that establishes a clear strategy for long-term growth; 2. Demonstration that designation of the CTP creates an opportunity to attract a specific high-tech business; 3. Agreement on behalf of the applicant that funds from the CTP's tax increment account and grants awarded from the Technology Development Grant Fund will be expended according to CTP guidelines 4. Agreement on behalf of the applicant that IEDC may revoke the tax increment and recapture rights of the technology park in the event of noncompliance with any part of the agreements of the community, Redevelopment commission, or any tenant of the park; 5. Evidence of local government financial participation in the establishment of the CTP; 6. An agreement with an Indiana institution of higher education requiring that institution to make a meaningful monetary or in kind contribution to the park; 7. Agreement between IEDC and the applicant regarding a. The types of businesses eligible to locate in the park; and b. The types of businesses located within the park from which revenue maybe recaptured for use within the park.