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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) Staff report on Data Realty facade <br /> expenses. <br /> Mr. Kain noted that on July 26, 2011, the <br /> Commission approved the sale of Lot 4 at <br /> Ignition Park to Data Realty Northern <br /> Indiana, LLC, which is in its final <br /> construction stages with an anticipated <br /> opening in October 2012. At the same <br /> meeting, the Commission also approved the <br /> use of the AEDA TIF in the amount of <br /> $1,400,000 for the Data Realty building <br /> facade enhancement as well as $77,500 for <br /> BSA LifeStructures to prepare facade <br /> concepts and construction documents. <br /> The breakdown of the facade costs and how <br /> the Commission is fulfilling its commitment <br /> to Data Realty are as follows: <br /> Fagade Work(flit into two components) Actual Bids <br /> Metal panel & screenwall supports, foundation <br /> and other materials (Data Realty is purchasing) $ 566,560 <br /> Metal panels & screenwall $ 914,755 <br /> Total Facade Work: $1,481,315 <br /> Commission Participation <br /> Purchase metal panels & screenwall $ 914,755 <br /> Purchase CRAH (Computer Room Air Handling) Equipment $ 347,002 <br /> Additional purchases yet to be identified $ 219,558* <br /> Total Participation: $1,481,315 <br /> *Staff is in the process of determining options to cover this amount. <br /> The lowest, responsive bid for the metal <br /> panels and screenwall received by the Board <br /> of Public Works on 7/24/12 increases the <br /> overall facade costs by $81,315. <br /> 12 <br />