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South Bend qedevelopment Commission Regular Mee ing — December 4, 1981 5. COMMUNISATIONS (continued) talked et some length with Trisco people and they have agreed that, ir 90 days, if the roof flashings are properly repaired, that there should not be anymore damage than has already been inflict d upon the building which could not be remedied until the spring. They do not believe that any irrepairable damage has beer done, if it can be stopped now. I have talked with Mr. Mo6 from All Weather Interiors, the people who a couple of years ago did some $1,400 worth of temporary repairs up there, and he has indicated to me that he believes an adequate job of repairing the roof and the flashings could be done for not to Exceed $5,000. I have it in my notes here suggested that thE Commission authorize not to exceed $10,000, in view of the fact that several times that much money had been spent on studies with Borger Jones, the real estate people in Chi- cago, a d so forth, and I don't think that a minimum of $5,000 certainly should be. Very importantly if you give us an oppor- tunity to bring back our proposal, now that we have rather belatedly, about three years belatedly, an outline of the evaluation criteria we will speak directly to this evaluation criteri , but we want to have the Commission to bring in some so call Ed outside experts, if you will, that the Commission would a ree upon and we would agree upon. We think someone in fina ce and someone in construction, and I don't see that that wo ld be a problem, and we will be willing to agree to the decision made by these outside people. If we cannot satis- fy them then we would be willing to completely withdraw. We would e pect, however, that the Commission would say likewise that if we can satisfy people who are recognized as authorities in the areas of construction and financing that we should be given t is opportunity. In terms of the $200,000 that was committ d by the City, we would ask that that be held on a stand-b) basis with the understanding that if our financing plan dic not require it we would not ask for it, but if it did, we would, with a clear understanding that it would be paid back in a timely manner. Finally, in order to try to start t e ball rolling to show how the tax incremental financ- ing could work, and to show in our view as a demonstration what thE City should be doing in conjunction with private develop rs, we would ask that the City agree that the rebuild- ing of the sidewalks, the public sidewalks and the public land- scaping and street furniture, if you will, that would be agreed upon by us and our architects and by the City should be handled by the ity. It would be a rather token amount, but I think it would give us an opportunity to show how the new tax incremental financi g, which has just now been approved by the Indiana Su- preme Curt, could function. Finally, I am not going to read all this, but this was in yesterday's Wall Street Journal. 14