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� 0( 9) ,p ;li•J„ o Community & Economic Development . is . 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: From: Subject: Date: Redevelopment Commission Bill Schalliol, Economic Development Planner Memorandum of Understanding — Hutsfield Square June 9, 2011 Attached to this memorandum is a Memorandum of Understanding by and between Brick Road LLC and the City of South Bend Redevelopment Commission. The purpose of the MOU is to establish a binding agreement concerning commitments of the Brick Road LLC and the Commission. The agreement between the parties is very direct in nature. Brick Road LLC will be donating to the City of South Bend all land necessary to construct the Mayflower Sewer project as well as the construction of Mayflower Boulevard from Cleveland to Brick Road. The property donation equates to approximately 6 acres of the total 43.3 acre Hutsfield Square subdivision. In exchange for the land donation, the Commission will construct Mayflower Boulevard from Cleveland to Brick and construct all related infrastructure improvements including sewer, storm retention, walks, lighting and a signal at Cleveland and Mayflower. The City will also use a portion of the western side of the site along existing Mayflower Road to construct a new regional trunk sewer line. Both of these projects are part of a Master Agency Addendum that is before the Commission as Resolution 2893. In the event that the Commission determines to not do the project, the land would revert back to Brick Road LLC by December 31, 2011. A copy of the final Plat is attached. Hutsfiled Square is proposed to be a mixed use development located on Cleveland Road that will contain housing and retail. The developer is currently working with a senior housing project developer that will look to use a third of the site to create a housing village that will contain a variety of housing options for the senior population. The site also is set up for a large commercial box location and smaller outlot development. Coupled with a proposed mixed use commercial development south of the site on the south side of Cleveland Road, this project will create a strong compliment to the other developments happening in this area. A copy of the proposed site plan is attached. Staff requests approval of Memorandum of Understanding by and between Brick Road LLC and the City of South Bend Redevelopment Commission to advance this project. What We Do Today Makes A Difference!