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Burkhart Memo TO: Bill Schalliol FROM: Jeff Gschwind DATE: 8/18/11 Jeffrey T. Gschwind Vice President Real Estate & Legislative Affairs Burkhart Advertising. Inc. 451 1 Executive Blvd. Fort Wayne, IN 46808 Telephone 260- 496 -8304 Fax 260 - 496 -8940 E -mail: jgschN,ind(a- burkhartadv.com SUBJECT: Corridor Upgrades — South Bend Ave. e/o Eddy Per our discussions about the improvements along the South Bend Avenue /Eddy Street Corridor, Burkhart Advertising is interested in working with the City of South Bend to accomplish its goals and objectives in improving this corridor. Burkhart has worked in good faith with the City on other projects in the corridor like the removal of four structures at the intersection of South Bend Avenue and Napoleon Street to allow for the extension of Napoleon. At the same time, Burkhart is interested in improving its inventory in the corridor to better serve the business community and the city and has and recently constructed a new LED digital board structure at the Napoleon site. As part of the road widening project on South Bend Avenue, Burkhart is presently working with the State of Indiana on the removal of some of our existing inventory that will be affected by the project. The structure at South Bend Avenue, approximately 750' east of Eddy Street, will be adversely impacted by the road project and Burkhart is presently in negotiations with the State concerning consideration on the Real Estate and Personal Property. However, due to its impacted status, we would be required to incur substantial expense in the demolition and removal of the structure at a time in the future if it were to be removed as part of the corridor enhancement project. We have projected the cost to be right around $31,000. In an effort to expedite the corridor improvement process and help with spacing and use issues, would the City of South Bend be able to offer financial assistance for the improvements? Any help would be greatly appreciated. We are very appreciative and are thrilled to continue with the Public /Private sector "partnership" that Burkhart Advertising and the City of South Bend have shared over the past 47 years. Thank you for your consideration.