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South Bend Redevelopment Commission <br /> Regular Meeting—April 24, 2012 <br /> Ms. Beachkofsky noted that legal would like <br /> to approve this as long as sale is as is where <br /> it's been marked subject to that. <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED DISPOSITION OF 609 E. <br /> Mr. Varner and unanimously carried, the COLUMBIA SUBJECT TO LEGAL REVIEW FOR <br /> Commission approved disposition of 609 E. FINAL APPROVAL. <br /> Columbia subject to legal review for final <br /> approval. <br /> C. Airport Economic Development Area <br /> (1) Facade Easement Agreement with Data <br /> Realty. <br /> Mr. Kain noted first updated the Commission <br /> on the construction at Ignition Park. <br /> Construction is in full swing with 30-40% of <br /> the overall project complete. The streets <br /> have been graded, utilities have gone in and <br /> at the same time, Data Realty has broken <br /> ground and hope to be open by fall this year. <br /> Phase IA should be done by July. <br /> Mr. Kain noted that in July, 2011, the <br /> Commission approved the sale of Lot 4 at <br /> Ignition Park to Data Realty Northern <br /> Indiana LLC which is currently building an <br /> approximately 50,000 sq. ft. data center. <br /> Data Centers are typically built as bunkers, <br /> however, Ignition Park is designed as a high <br /> tech, high aesthetic park. There was a desire <br /> to see the first building designed and built to <br /> architectural standards established for the <br /> park. As part of the contract for sale, the <br /> Commission agreed to provide site <br /> improvements (paving, landscaping, lighting, <br /> etc.)to the Data Realty site equal to the <br /> amount of the facade enhancement work <br /> performed by Data Realty up to an amount of <br /> $1,400,000. <br /> 10 <br />