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South Bend Redevelopment Commission <br />Regular Meeting — January 24, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(4) continued... <br />Resolution No. 2998 above and included an <br />Exhibit A of the Addendum. Funding for <br />items on the list is the same $1.75 million <br />dollar commitment by the South Bend <br />Redevelopment Commission with the <br />remainder of the work to be done with <br />private financing. All of the work done with <br />Commission funds will be bid out through <br />the Board of Public Works as authorized by <br />this agreement. Staff requests approval of <br />Resolution No. 2999. <br />Mr. Varner noted that at the Redevelopment <br />Commission meeting on December 13, 2011, <br />Mr. Berlin committed to making $2 million <br />in improvements, but the list of <br />improvements for that amount was never <br />spelled out. He asked whether this list <br />includes the improvements Mr. Berlin will <br />pay for. Mr. Inks responded that it does. <br />The Commission will do the items that can <br />be done from TIF funds and within the <br />$1.75M budget the Commission has <br />committed. The remainder would then be the <br />responsibility of the owner. <br />Mr. Varner asked if there was a time frame. <br />Mr. Relos responded that they will get as <br />much done as possible by opening day, but <br />that's a tight schedule. <br />Upon a motion by Ms. King, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved Resolution No. 2999 <br />approving and authorizing the execution of <br />an Addendum to the Master Agency <br />15 <br />COMMISSION APPROVED RESOLUTION NO. 2999 <br />APPROVING AND AUTHORIZING THE EXECUTION <br />OF AN ADDENDUM TO THE MASTER AGENCY <br />AGREEMENT (COVELESKI STADIUM <br />REHABILITATION - 2012 IMPROVEMENTS). <br />