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No. 1146 approving and accepting the transfer of real property from the St. Joseph County Airport Authority
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No. 1146 approving and accepting the transfer of real property from the St. Joseph County Airport Authority
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0 0 <br />3. Prepare a master plan for the entire Project Site which <br />will set forth the proper relationship among the development <br />zones, public and common areas, road systems, easements, <br />sewer, water, telephone, fiber optic, cable, power and other <br />such systems, including, but not limited to preparation of a <br />plan for the provision of the same to each Disposition <br />Parcel. <br />4. Arrange for supervision of engineering necessary to <br />execute the master plan including detailed design of <br />utilities, streets, development zones, and prepared building <br />sites. <br />5. Negotiate with each of the various utility companies to <br />obtain installation of power, gas, telephone, fiber optic, <br />cable and other such facilities required to implement the <br />master plan on the most favorable terms and conditions, and <br />coordinate the scheduling and installation of such <br />facilities. <br />6. Arrange for and supervise the construction necessary to <br />execute the master plan, and prepare budgets for various <br />stages of development and specific projects. <br />7. Coordinate with the various municipal, county, and <br />state agencies in design of services required to implement <br />the master plan including location of roads, access to <br />existing roads, and major drainage systems. <br />8. Plan, coordinate, and supervise all sales, promotion <br />and advertising to facilitate at the earliest date possible <br />the sale or lease or other disposition of Disposition <br />Parcels, and all finish uses which might be deemed the <br />highest and best use of the land involved. <br />9. Negotiate sales and work with tenants and prospective <br />purchasers. <br />10. Negotiate for temporary and permanent financing of land <br />development and building construction. <br />11. Arrange for and supervise on a coordinated program all <br />necessary insurance. <br />D. Redevelopment and Airport agree that in consideration <br />of the conveyance of the Airport Land by Airport to Redevelopment, <br />Redevelopment shall pay to Airport the total sum of $395,310.00, <br />payable in increments of $15,000.00 per acre of Airport land conveyed <br />at the time of Closing. Redevelopment and Airport agree that <br />Redevelopment shall make payment of the entire amount of $395,310.00 <br />due hereunder to Airport, not later than midnight of April 1, 2000 <br />and that in the event Redevelopment has not made payment in full to <br />Airport on or before such date and time, title to that portion of the <br />Airport Land remaining vested in Redevelopment and for which the <br />respective incremental payment to Airport has not been made, shall <br />-4- <br />
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