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South Bend Redevelopment Commission <br />Regular Meeting —June 7, 2002 <br />6. NEW BUSINESS (CONT.) <br />H. Other <br />(1) continued... <br />Commission and the City's commitment <br />to the development of Scottsdale Mall. <br />Under the agreement, the City's <br />commitment consists of the following: <br />1. Working with the state to secure an <br />east -west exit from the St. Joseph <br />Valley Parkway onto Miami Street. <br />The City's commitment on this item <br />is contingent upon the Indiana <br />Department of Commerce's <br />willingness to finance and construct <br />the entrance /exit ramps or if the City <br />receives sufficient income from a <br />yet- to -be- created Sales Tax <br />Increment Financing District. <br />2. Relocation of the Studebaker <br />Museum to Scottsdale Mall. The <br />lease will be negotiated between the <br />Studebaker Museum board and the <br />developer. Minimum requirements <br />for the lease are outlined in the <br />development agreement. <br />3. The City will support the developers <br />efforts to secure a reduction in the <br />current assessed value for a 5 -year <br />period. <br />4. The City will support a variety of <br />changes to site planning, zoning, and <br />development design standards. <br />16 <br />