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South Bend Redevelopment Commission <br />Regular Meeting —March 27, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(4) continued... <br />Background: <br />• The Certified Technology Park (CTP) <br />is established in December 2008 <br />through an Agreement between the <br />Indiana Economic Development <br />Commission (IEDC) and the City of <br />South Bend Redevelopment <br />Commission (RDC). <br />• The area of the CTP is defined to <br />include both Innovation Park at Notre <br />Dame (IPND) and Ignition Park (IP). <br />• IPND boundaries include the site of <br />the current and future IPND parking <br />buildings, as well as the retail /office <br />building on the southwest corner of <br />Angela and Eddy Streets (Office <br />Building) and Raclin - Carmichael and <br />Harper Halls (ND /IU Medical <br />Campus). <br />• Section 7 of the CTP Agreement <br />defines the CTP Incremental Tax <br />Financing Fund (State CTP Funds), <br />which can be funded with the <br />incremental personal income and <br />sales taxes generated by employment <br />and sales within the CTP. <br />1. The base fiscal year used in <br />order to calculate the <br />increment is June 30, 2008. <br />2. The first fiscal year for the <br />increment calculation was <br />June 30, 2011. <br />3. The maximum aggregate <br />amount of State CTP Funds <br />E <br />