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South Bend Redevelopment Commission <br />Regular Meeting — September 27, 2011 <br />6. NEW BUSINESS (CONT.) <br />C. Airport Economic Development Area <br />(4) continued... <br />site, infrastructure and facility design. The <br />total estimate of all work in this <br />predevelopment phase is $206,900. <br />Those funds will be loaned to the project <br />from the Airport TIF and all but $15,000 will <br />be reimbursed to the TIF once the project <br />goes to scale the funding flows in from state <br />and federal sources. Mr. Meteiver is making <br />sure this is done in legal fashion. The <br />proposal consists of three pieces of design <br />work: site layout at $132,200, though the <br />budgeted amount being asked for here is only <br />$119,000 because $13,200 is being paid for <br />from other sources); facility design at <br />$81,000 (budgeted amount of $72,900) and <br />infrastructure design at $15,000, none of <br />which has been paid and is not reimbursable. <br />Mr. Downes asked if the Commission can be <br />assured of reimbursement. Mr. Inks <br />responded that the agreement is verbal at this <br />point. The understanding is when the project <br />is financed these costs would be included in <br />the financing. <br />Mr. Varner noted that as of last evening at <br />the Common Council meeting, it wasn't <br />certain the Council will support the <br />financing. The project's been included with <br />construction of new Fire Stations 5 and 9. <br />Commission consideration of this might be <br />premature at this time. <br />Mr. Gibney stated that there is no <br />19 <br />