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No. 3052 approving/authorizing the execution of an addendum to the master agency agreement (Union Station Technology Center, MOU 1 Budget)
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No. 3052 approving/authorizing the execution of an addendum to the master agency agreement (Union Station Technology Center, MOU 1 Budget)
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10/18/2012 11:07:06 AM
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14 <br />M. The benefits to the USTC as a result of Phase I of this Agreement shall be to: <br />Increase the building footprint of the Renaissance District by a minimum <br />of twenty thousand (20,000) square feet. <br />(ii.) Allow USTC to expand product offerings such as containerized computer <br />infrastructure. <br />(iii.) Provide space necessary for secure loading dock areas which are a critical <br />component of Union Station's business operations. <br />(iv.) Provide space necessary to expand the current utilization of the IC Power <br />System. <br />N. The benefits to the City as a result of Phase I of this Agreement will include: <br />(i.) Increase of high technology and support jobs in the Renaissance District <br />from forty (40) to one hundred thirty (130) within the next five (5) years. <br />ldvpl (ii.) Increase spending for support services in the Renaissance District to local <br />companies from Five Hundred Thousand Dollars ($500,000) per year to <br />Two Million Dollars ($2,000,000) per year over the next five (5) years. <br />(iii.) During the construction phase in the Renaissance District, provide up to <br />forty (40) additional construction jobs. <br />O. The potential benefits to the City as a result of Phases II and III may include: <br />(i). Adaptive reuse of buildings with historic significance within the SBCDA <br />and the AEDA, including the Ivy Tower Building as a collaborative multi - <br />tenant facility to revitalize the Renaissance District. <br />(ii.) Enhanced power sources and infrastructure to support not only the USTC, <br />but also Ignition Park and the Economic Development Initiatives in the <br />Coveleski Planning Development District. <br />(iii.) Further leverage previous public investments made to date that have <br />supported the St. Joseph Valley Metronet. <br />(iv.) Providing a framework to enable surplus energy utilization from the <br />USTC to other buildings, including the St. Joseph County Jail, South Bend <br />Police Station, Studebaker Headquarters, Stanley Coveleski Regional <br />Stadium, Claeys Candy, Ivy Tower, Ignition Park, and the SBCDA. <br />3 <br />
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