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South Bend Redevelopment Commission <br /> Regular Meeting—June 28, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> B. South Bend Central Development Area <br /> (2) continued... <br /> Commission approved the Downtown <br /> Riverfront Municipal Development District <br /> local process, as presented. <br /> C. Airport Economic Development Area <br /> (1) Resolution No. 3052 approving and <br /> authorizing the execution of an Addendum <br /> to the Master Agency Agreement with the <br /> Board of Public Works (Union Station <br /> Technology Center, MOU 1 Budget). <br /> Mr. Relos noted that in March 2012, the <br /> Redevelopment Commission entered into a <br /> binding Memorandum of Understanding <br /> ("MOU") with the Union Station Technology <br /> Center("USTC") team. The MOU <br /> contemplated energy service upgrades to the <br /> USTC that would be aided by the use of$2.2 <br /> million of Airport Economic Development <br /> area TIF funds. The TIF funds would pay for <br /> conduit and power grid extensions from the <br /> AEP substation on Main Street to the USTC <br /> as well as the purchase of power equipment <br /> to help provide the power and other resources <br /> to the center. <br /> This resolution and addendum to the agency <br /> agreement authorize the Board of Public <br /> Works to be the Commission's agent in <br /> contracting for infrastructure improvements <br /> and equipment for the first Phase of the <br /> USTC project. The total budget for all <br /> improvements, based upon the MOU, is $2.2 <br /> million dollars. A scope of work related to <br /> this budget is being developed and bidding <br /> 12 <br />