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08-09-11 Packet
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South Bend Redevelopment Commission <br />Regular Meeting —July 26, 2011 <br />As part of the sales contract, the <br />Redevelopment Commission will: <br />• Bring a redundant power line to Ignition <br />Park from the Kankakee substation at a <br />cost of $100,000. <br />• Support faVade enhancements to the Data <br />Realty building to set an aesthetic tone <br />for Ignition Park and meet the park's <br />aesthetic requirements at a cost of $1.4 <br />million, including a design fee of $77,500 <br />for BSA LifeStructures. <br />Provide a backup generator at a cost of <br />$900,000 to Data Realty in exchange for <br />15 years worth of five data center <br />equipment racks provided by Data Realty <br />to the City and future Ignition Park <br />tenants (valued at $1,080,000). <br />Data centers, for security reasons, must be <br />built as bunkers; however, Ignition Park is <br />planned as a very high -tech, high - quality <br />aesthetic park. This aesthetic plan will be <br />advantageous to all future tenants but adds no <br />appreciable value to a data center. This <br />Contract provides enhancements to the Data <br />Realty building to meet the park's aesthetic <br />requirements. The estimated cost is <br />$1,400,000. BSA LifeStructure's design fee <br />for those enhancements is $77,500. The <br />enhancements to Data Realty will set the <br />aesthetic tone for Ignition Park which is <br />especially critical for the Park's first <br />building. <br />Mr. Carlton, President & CEO of Data <br />Realty, thanked the Economic Development <br />staff for its diligent work that moved this <br />project forward. There's been a monumental <br />amount of work done. We started with a <br />blank slate for Ignition Park. The end result <br />17 <br />
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