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2 Minutes 08-16-12 Meeting
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2 Minutes 08-16-12 Meeting
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11/1/2012 9:42:01 AM
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South B <br />Regular <br />6. NE <br />Redevelopment Commission <br />-ting — August 16, 2012 <br />BUSINESS (CONT.) <br />Economic Development Area <br />.4) continued... <br />approximately $14 million Data Center at <br />Ignition Park. <br />At the Commission meeting on July 26, <br />2012, staff asked Commissioners to approve <br />an additional $61,312.25 from the AEDA <br />TIF to cover the cost of the fagade metal <br />Panels which had come in higher than <br />expected after two rounds of bidding by the <br />Board of Public Works. <br />There are three spreadsheets below: <br />1. Data Realty Fagade Expenses: <br />Expenses have been split into two <br />components to ease construction. <br />Data Realty will purchase the <br />supports and install foundations while <br />the Commission purchases the metal <br />panels. Since the Commission is <br />responsible for the total facade cost, <br />the Commission must then cover the <br />cost of supports and foundations in <br />other TIF eligible ways. <br />2. Commission Participation Till Date: <br />Must equal total facade cost <br />3. Qualifying Expenses to Address Gap <br />Me al Panel & Screenwall supports, These are attached to the <br />foundation and other materials $566,560.00 existing building <br />These attach to supports on <br />the building facade and <br />Metal Panels & Screenwall $914,755.00 foundations <br />Commission Commitment <br />per MOU is for the entire <br />Total Fa ade Cost $1,481,315.00 cost of the Fa ade. <br />26 <br />
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