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South Bend Redevelopment Commission <br /> Regular Meeting—May 31, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> F. Douglas Road Economic Development Area <br /> (1) continued... <br /> Master Agency Agreement with the Board <br /> of Public Works (SR 23 and Douglas <br /> Added Right Turn Lane— Supplement #1). <br /> Mr. Schalliol noted the purpose of this <br /> project is to add a dedicated right turn lane <br /> for north bound traffic that is turning east <br /> onto Douglas Road from SR 23. At the time <br /> the city was constructing the Douglas Road <br /> project, project budgets prevented the city <br /> from completing this element of the project. <br /> The city did, however, at that time obtain the <br /> right-of-way needed. Since the project was <br /> completed, Horizon Bank has built on the <br /> southeast corner, adjacent to the project site. <br /> Abonmarche has made field observations and <br /> plan revisions based on the bank's <br /> placement. <br /> This proposal will provide all of the right of <br /> way documents and acquisition services <br /> necessary to acquire the property from <br /> Horizon Bank to allow for this project to <br /> move forward. The Abonmarche proposal is <br /> in the amount of$5,000. Staff also requests <br /> a budget provision of$25,000 to allow for <br /> the property acquisition from the bank. The <br /> engineer's estimate for this project is roughly <br /> $150,000. <br /> Mr. Downes asked if this will end up costing <br /> more than if we had been able to acquire it <br /> sooner. Mr. Schalliol stated that it will end <br /> up costing the city less due to current <br /> construction costs. <br /> 25 <br />