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South Bend Redevelopment Commission <br />Regular Meeting - March 15, 1996 <br />6. NEW BUSINESS (Cont.) <br />a. Continued.... <br />facilities are located in Mishawaka, Elkhart, <br />and LaPorte. The project is estimated to <br />create 20 to 25 new jobs for the community. <br />The required 10% faithful performance <br />guaranty in the amount of $12,375 has been <br />submitted. Construction is expected to start <br />by June 1, 1996 with project completion by <br />December 30, 1996. Nephrology has <br />requested assistance with some earth moving <br />and site preparation costs that are due to <br />existing conditions on the site which require <br />additional costs. Nephrology requests that <br />$10,000 be reserved from sales proceeds to <br />be put into an escrow account to be used for <br />the costs. Nephrology has also requested a <br />survey of the site. <br />Mrs. Kolata noted that the staff is pleased <br />about the project and the construction time <br />schedule. The staff recommends acceptance <br />of the proposal as outlined in the staff <br />report. <br />Mrs. Auburn agreed that the facility will be <br />an excellent addition to the Blackthorn Park. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Hunt and unanimously carried, the <br />Commission accepted the proposal from <br />Nephrology, Inc. (as outlined in the staff <br />report) for the disposition of land in the <br />Airport Economic Development Area. <br />b. Commission approval requested for <br />Resolution No. 1422 authorizing the <br />issuance and sale of special taxing district <br />-4- <br />COMMISSION ACCEPTED THE PROPOSAL <br />FROM NEPHROLOGY, INC. (AS OUTLINED <br />IN THE STAFF REPORT) FOR THE <br />DISPOSITION OF LAND IN THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA <br />