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WHEREAS, without this expansion, Union Station will not be able to accommodate its sustained growth over the next several years or to assist in the economic development of the Coveleski Planning Development District to the north, and Ignition Park to the south; and WHEREAS, the Commission has already taken steps to assist in the development of USTC by authorizing a proposal for professional services related to master planning and street vacation and also by negotiating the sale of the Millennium Environmental Site, consisting of 2.6 acres at 604 South Scott Street, in the AEDA (the "Millennium Site'), to Union Station or its affiliate for the agreed price of $42,500; and WHEREAS, the City of South Bend, through its Board of Public Works, has taken further action in support of the USTC by funding the installation of a communication and power duct bank which connects a power substation on Lafayette Street to Union Station and other business and properties in the general vicinity; and WHEREAS, the Commission has authorized a proposal for a Phase I Environmental Site Assessment and Phase It Environmental Site Assessment. Asbestos Containing Material Survey, and Lead Paint Survey for Ivy Tower, commonly known as 635 South Lafayette; 600 United Drive, and vacant lot on United Drive, situated in the City of South Bend, Indiana ( "Ivy Tower Building'); and WHEREAS, environmental investigations have revealed potential PCB contamination at or around the Ivy Tower Building; and WHEREAS, Union Station will take all reasonable steps to maximize the educational benefits to the City of the USTC; and WHEREAS, it is anticipated that Union Station or an affiliate of Union Station will purchase the Ivy Tower Building to develop a collaborative multi -tenant facility and expand Union Station's capabilities to provide not only Union Station but the surrounding community with an IC Power System that will be capable of serving the SBCDA, Ignition Park. and other secondary buildings within close proximity to the Property; and WHEREAS, Union Station anticipates that development of the Ivy Tower building will create at least 300 new jobs in the Renaissance District over time and result in significant energy savings to the City; and WHEREAS, the Commission believes that development of the USTC as described herein is in the best interests of the health, safety and welfare of the City and its residents and complies with the public purposes and provisions of the Act and all other applicable federal, state and local laws under which the USTC development has been undertaken and is being assisted; and WHEREAS, the Commission and the City desire to facilitate development of the USTC in accordance with the powers granted the Commission under the Act and the powers granted the City under the Indiana Code by undertaking environmental investigation and remediation and the financing thereof subject to the conditions contained herein; and