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South Bend Redevelopment Commission <br />Regular Meeting —July 26, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(2) continued... <br />Staff is recommending the following strategy <br />to address the increase in facade costs: <br />1. Request additional funds from <br />Commission to cover the bid amount <br />and award to lowest responsive <br />bidder. <br />2. The final invoices from BSA <br />LifeStructures for the facade concepts <br />and construction drawings have come <br />in under budget by $20,002.75. <br />Apply these towards facade costs. <br />3. Work with Data Realty and approved <br />metal panel bidder to reduce the <br />project scope in order to bring facade <br />costs lower to and if possible within <br />approved amount of $1,400,000. <br />Staff requested the Commission to <br />appropriate an additional $61,312.25 from <br />the Airport Economical Development Area <br />TIF towards the Data Realty facade work. <br />This amount in addition to the construction <br />drawing savings will cover the $81,315 gap <br />and allow the project to be awarded. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved funds in the amount <br />of $61,312.25 from the Airport Economical <br />Development Area TIF for Data Realty's <br />additional facade expenses. <br />C. West Washington - Chapin Development Area <br />There was no business in the West Washington - <br />Chapin Development Area. <br />13 <br />COMMISSION APPROVED FUNDS IN THE AMOUNT <br />OF $61,312.25 FROM THE AIRPORT ECONOMICAL <br />DEVELOPMENT AREA TIF FOR DATA REALTY'S <br />ADDITIONAL FAgADE EXPENSES. <br />THERE WAS NO BUSINESS IN THE WEST <br />WASH INGTON-CHAPIN DEVELOPMENT AREA. <br />