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South Bend Redevelopment Commission <br /> Regular Meeting—December 13, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> C. Airport Economic Development Area <br /> (2) continued... <br /> phases, as long as the infrastructure is laid <br /> first. We were considering a first phase just <br /> being a leg of the loop, and then a second <br /> phase and then a third, i.e., able to distribute <br /> in increments the first costs the city might <br /> bear. Also with that is the modular approach <br /> of the equipment. Fairly expensive <br /> equipment, quite frankly, the turbines that <br /> make this up, the absorption chillers, <br /> modularizing that so that we can grow that <br /> equipment as we get tenants. What CCHP <br /> does is it brings reliable energy to Ignition <br /> Park tenants, which means now those <br /> research or important clients, data centers, <br /> whatever they might be, they have <br /> inherently, intrinsically, backup power that <br /> the city can market when it solicits tenants. <br /> It can say, "you don't need your first costs on <br /> generators. You can provide backup cooling, <br /> but we already have a base value of cooling <br /> in this park, as well as a base value of <br /> heating. So the park can be promoted to the <br /> tenants that their first costs will be 5-8 <br /> percent. They don't need to provide their <br /> own generators, chillers, heaters or boilers. <br /> Mr. Downes added that it is an important <br /> point to make though that we shouldn't be <br /> ashamed to have eye candy out there and to <br /> identify it as such. It's a marketing decision. <br /> Mr. Lake noted that's its key to a developer, <br /> its not only a first cost for a developer, but <br /> it's the on-going maintenance that a <br /> developer has to pay to support having <br /> chillers and boilers in their building. It's <br /> 64 <br />