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South Bend Redevelopment Commission <br />Regular Meeting —July 26, 2011 <br />Mr. Varner questioned the rack space and <br />whether it would be leased by the City of <br />South Bend or by Data Realty. Ms. <br />Hathaway responded that it will be free to the <br />city. She added that five racks is a great <br />amount of space. <br />Mr. Carlton added that the thought behind <br />that was that the racks could be for the city's <br />use or, more importantly, as an incentive <br />secure other tenants for the park. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved the funding for <br />provisions contained in the Contract for <br />Purchase and Sale of Ignition Park 2nd Minor <br />Subdivision Lot #4 in the amount of <br />$2,500,000. <br />(4) Contract for Purchase and Sale of Ignition <br />Park 2 °d Minor Subdivision Lot #4 to Data <br />Realty Northern Indiana, LLC. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved the Contract for <br />Purchase and Sale of Ignition Park 2nd Minor <br />Subdivision Lot #4 to Data Realty Northern <br />Indiana, LLC <br />(5) Proposal from BSA LifeStructures for <br />Data Realty building enhancements <br />design. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission accepted the proposal from <br />BSA LifeStructures for Data Realty building <br />enhancements design. <br />19 <br />COMMISSION APPROVED THE FUNDING FOR <br />PROVISIONS CONTAINED IN THE CONTRACT FOR <br />PURCHASE AND SALE OF IGNITION PARK 2ND <br />MINOR SUBDIVISION LOT #4 IN THE AMOUNT OF <br />$2,500,000 <br />COMMISSION APPROVED THE CONTRACT FOR <br />PURCHASE AND SALE OF IGNITION PARK 2ND <br />MINOR SUBDIVISION LOT #4 TO DATA REALTY <br />NORTHERN INDIANA, LLC <br />COMMISSION ACCEPTED THE PROPOSAL FROM <br />BSA LIFESTRUCTURES FOR DATA REALTY <br />BUILDING ENHANCEMENTS DESIGN <br />