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South Bend Redevelopment Commission <br />Regular Meeting November 19, 2004 <br />6. NEW BUSINESS (CONT.) <br />D. Sample -Ewing Central Development Area <br />(1) continued... <br />Design Packaging, Inc. sold its business <br />assets to Design Packaging, LLC, a <br />subsidiary of Tecumseh Corrugated Box <br />Company, Inc., in 2004 but retained <br />ownership of the real estate at 700 S. <br />Franklin Street. Tecumseh continued the <br />existing operations on site, and now is <br />interested in purchasing the real estate to <br />maintain corrugated paper product <br />manufacture at the South Bend plant. <br />Tecumseh asked the City to apply for Indiana <br />Development Finance Authority Site <br />Assessment Grant Initiative funding to <br />conduct environmental site assessment <br />activities as a result of the property's <br />brownfield history. The City was awarded <br />$40,100 to conduct that assessment, but <br />informed Tecumseh that the work would not <br />be conducted without a new indemnification <br />agreement in place to protect the City and <br />Commission in the event that any <br />environmental impacts are discovered. Staff <br />recommends approval of the Addendum to <br />Environmental Indemnity Agreement. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Hunt and unanimously carried, the <br />Commission approved the Addendum to <br />Environmental Indemnity Agreement for <br />property located at 700 S. Franklin Street. <br />(Design Packaging) <br />11 <br />COMMISSION APPROVED THE ADDENDUM TO <br />ENVIRONMENTAL INDEMNITY AGREEMENT FOR <br />PROPERTY LOCATED AT 700 S. FRANKLIN <br />STREET. (DESIGN PACKAGING) <br />