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members, Redevelopment Commissioners and other parties. (See Attachment C for a copy of the Notice and the mailing list.) The Meeting Notice provided a brief explanation of the proposed use of the grant funds, where to review a draft of the Final Proposal and an address to submit written comments on the proposal. (X) people attended the Public Meeting and their comments have been incorporated into this proposal. The Cleanup proposed in this Final Proposal is one component of the redevelopment strategy discussed in Section E.3. below. It is related to a'source area at the former stamping plant and is consistent with the approach outlined iri the;Studebaker/Oliver Redevelopment Strategy. w� The letters of support are provided in AttachmentpD: ` 2. The Studebaker/Oliver Redevelopment Strategy is; expected; to take 10 to 15: years to completely revitalize the area at a cost of $13,000,00046 $33;000,000. The magnitude of the problem is overwhelming. It is a huge challenge°to the,local "community. Recognizing that South Bend cannot handle this by itself, the City has'built partnerships with the State of Indiana and the federal goveni ' nenf.to work cooperatively on the project. The site has been entered into Indiana'sVoluntary Remediation Program and the work plan will be filed with the Indiana Department of Environmental Management in April 2004. In addition, financing for portionsof the'project has been funded through grants from the State of Indiana and the federal,governirient as well"as' a HUD Section 108 Loan. Between 2000 and 2002 the City has obtained more than $7.6 million for the project. Of this amount approximately $28 million.has been"in'state and federal grants, a $3.4 million HUD Section 108 Loan and $1.4 million in local funds. Additional resources will be needed to continue with the:progress that has been made to date and the City is looking at ways to build on the partnerships'that are already in place. 3. Since 1963.when Studebaker shut down, -.the City of South Bend has struggled with what to, do with the 3,500,000 square feet of manufacturing buildings left behind. Initially the property was divided up and "sold to private individuals and for a number of years many of the buildings were used productively for manufacturing or warehousing. However, over the. last four decades building conditions have deteriorated and manufacturing and warehousing has decreased tto a point where more than 75% of the space was vacant. In 1999.Mayor Stephen J. Luecke appointed a 26 -member Steering Committee to work with the City --to develop, a strategy,for the former Studebaker plant. Building owners, business owners, neighborhood associations, commercial realtors, private developers, historic preservation, the South Bend Common Council, the South Bend Redevelopment Commission, the 'Chamber of Commerce and other community leaders were included in the Committee. ( The Steering Committee membership list is provided as Attachment E). The purpose of the Steering Committee was to work with the City to determine the In