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South Bend Redevelopment Commission <br />Regular Meeting —May 8, 2012 <br />6. NEW BUSINESS (CONT.) <br />D. Airport Economic Development Area <br />(3) continued... <br />On July 9, 2010, the Commission approved <br />the donation of the Habitat ReStore property <br />at the southwest corner of Fellows and <br />Sample. With this property, Ivy Tech was <br />able to expand classrooms in the ITOSS <br />building by moving stored materials to the <br />Habitat property, and to expand parking to <br />the east of ITOSS. <br />With the Discount Rental property, Ivy Tech <br />will again be able to expand parking, which <br />is a critical and an immediate need, and <br />would allow additional classes to be held at <br />ITOSS. <br />Similar to the Habitat transaction, and with <br />Legal's review, a Real Estate Donation <br />Agreement will be drafted and brought back <br />to the Commission. <br />Staff requests approval to move forward with <br />the donation to Ivy Tech of the Discount <br />Rental property at 230 E. Sample St. <br />Mr. Relos introduced Chancellor Tom Coley <br />for further questions. <br />Mr. Varner asked Mr. Coley if Ivy Tech <br />could ask the state legislature for funds to <br />reimburse the city for its costs in any future <br />acquisitions. Mr. Coley responded that he <br />would look into the possibility. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved the Donation of <br />14 <br />COMMISSION APPROVED THE DONATION OF <br />FORMER DISCOUNT RENTAL PROPERTY TO IVY <br />TECH. <br />