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South Bend Redevelopment Commission <br />Regular Meeting - March 7, 1997 <br />6. NEW BUSINESS (Cont.) <br />a. continued.... <br />regarding indemnification, whether it <br />applies to the Redevelopment <br />Commission or not which he is not certain <br />that it does or doesn't. <br />He noted that his bid was significantly <br />higher than the $70,000 price the <br />Commission mentioned. It did include the <br />offset for the amount of money that he <br />was told it would probably cost to <br />demolish the current existing structure. <br />He noted that if they were to be <br />responsible for the environmental work it <br />would probably be higher than the price of <br />the land. He noted to the Commission <br />that he didn't believe that the Commission <br />could escape the responsibility of <br />indemnification and that he is not <br />requesting a tax abatement at this time. <br />He also noted that he did turn in the <br />performance guarantee. <br />Mr. Hunt noted that the Commission <br />doesn't give tax abatements, they can only <br />suggest that to the Common Council. <br />Mr. Donoho noted that if the developers <br />are requesting that the Commission share <br />in the cost of the environmental work that <br />may need to be done to the site, the <br />Commission would need more time to <br />evaluate the cost of the environmental <br />work. <br />Mr. Harrison noted that his concern is <br />with safety and environmental <br />compliance with federal regulations. <br />H:\ HOME\ CPHIPPS \WPDATA \COMMSN\030797.MIN -12- <br />