6C(3) Resolution No. 2859 - Laserfiche WebLink

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sous g Community & Economic Development W'`E'� �. 1865 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: Redevelopment Commission From: David Relos, Economic Development Planner Subject: Resolution No. 2859 Declaration of Covenants and Restrictions for Ignition Park Date: March 22, 2011 On January 21, 2011, the Commission approved a Professional Services Agreement with Baker & Daniels, to develop policies, procedures, and guidelines for the operation of the ARB, and to draft a Declaration of Covenants and Restrictions for Ignition Park. Attached is the Declaration of Covenants and Restrictions for Ignition Park, and Resolution No. 2859, which approves those Covenants. These Covenants grant easements to the Commission for future necessary items such as access, utility, irrigation, drainage, sign, and common parking and green space needs. Similar to a condo association, these Covenants further govern the maintenance of property within Ignition Park, how common system expenses are to be split between owners, and how, upon completion of the Park's build out, an Owner's Association is organized. Geri Hathaway, Director of Ignition Park, will present these Covenants the day of the Commission meeting. Staff requests approval of the Declaration of Covenants and Restrictions, and Resolution No. 2859. What We Do Today Makes A Difference!