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South Bend Redevelopment Commission <br /> Regular Meeting—August 9, 2011 <br /> 5. OLD BUSINESS (CONT.) <br /> A. Airport Economic Development Area <br /> (1) continued... <br /> she received a commitment from the <br /> Redevelopment Commission in the amount <br /> of$1.5M. But when she went out to bid for <br /> construction, the bids were well over that <br /> amount. The plans have been revised and <br /> there is a workable bid now along with all the <br /> soft costs totaling $1.9M. <br /> Mr. Downes asked Ms. Toppel what the <br /> $1,350,000 amount was that was referenced <br /> in her letter. She responded that it was <br /> necessary to pay for $150,000 in soft costs <br /> (redesign, etc.) out of the original $1.5M. <br /> Mr. Downes asked if the $1,900,000 then <br /> really means that the total remaining costs <br /> will be $1,750,000. Ms. Toppel said that was <br /> correct. <br /> Mr. Downes then asked for the $1,750,000 to <br /> be broken down for him. Does it include <br /> everything, such as furniture. Ms. Toppel <br /> replied yes. <br /> Mr. Downes asked what the timeline was. <br /> Ms. Toppel responded that they are hoping to <br /> break ground the end of August 2011, and <br /> complete construction by May 2012, <br /> according to the contract. <br /> Mr. Downes recollected the urgency back in <br /> February 2010, when the $1,500,000 was <br /> approved. Why the sense of urgency now, <br /> eighteen months later? Ms. Toppel <br /> responded that the current facility is in need <br /> of major repairs upwards in the amount of <br /> 5 <br />