No. 15-1986 joint resolution of the Board of Directors of the SB Public Transportation Corp. and the SBRC

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WHEREAS, TRANSPO has determined its need and ability to reprogram certain funds granted by the Urban Mass Transportation Authority (UMTA) in order to use those funds for acquisition of additional busses rather than for construction of a transfer center; and WHEREAS, Redevelopment and TRANSPO agree that it is in the best interest of the citizens of the taxing districts served by TRANSPO and by Redevelopment to encourage development of the property in a manner which encourages the increase in assessed valuation of the taxing districts, provides additional employment opportunities in the taxing districts and, in particular, in the central downtown area of the City of South Bend, and further increases the daytime population of the central downtown area including potential TRANSPO riders. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTH BEND TRANSPORTATION CORPORATION AND THE SOUTH BEND REDEVELOPMENT COMMISSION, as follows: 1. TRANSPO and Redevelopment agree to amend the Agreement and Deed to reflect the following changes to TRANSPO'S proposed development on the Property and to the continued ownership by TRANSPO of the property: a. TRANSPO will construct a transfer center, similar to that being constructed in Mishawaka, with the cost of development of the center, including all site improvements, to be not less than Three Hundred Sixty -two Thousand Dollars ($362,000.00). b. The proposed development on the Property will consist of a structure of approximately Four Hundred (400) square feet, which will house an office, drivers' restrooms, and drivers' lounge. TRANSPO will endeavor to construct the structure in a manner which most easily facilitates its removal to an alternative site. The balance of the Property will be resurfaced and landscaped. Ten to twelve passenger shelters will be erected in a manner which most easily facilitates their removal and replacement on an alternative site in the future. c. TRANSPO will develop the site with as much natural landscaping as possible; Redevelopment will maintain the landscaped portions of the Property with its own equipment and at its own expense. d. TRANSPO will file with Redevelopment's Design Review Committee its proposed site plans for the Property by June 1, 1986; the Design Review Committee will be bound by the terms of the amended Agreement and Deed in its consideration of the proposed site plans. e. Construction of improvements on the Property will begin no later than sixty (60) days after approval of the site plan submitted by TRANSPO to the Design Review Committee and will be completed within twelve (12) months of that date. 2. The Agreement shall be amended at Section VII to reflect the following goals for future, more intensive development of the Property, the Air Space and the Ground Space (Development Site): a. The Joint Development Committee (JDC) shall recommend acceptance of any Offer involving development of a project with a minimum construction of 60,000 square foot facility, which is proposed on the Development Site or for which the Development Site is required for -3-