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South Bend Redevelopment Commission Regular Meeting — October 11, 2012 6. NEW BUSINESS (CONT.) D. South Side Development Area There was no further business in the South Side Development Area. E. Northeast Neighborhood Development Area (1) Resolution No. 3075 approving and authorizing the execution of an Addendum to the Master Agency Agreement (Demolition of homes within AEP electric pole easement by realigned SR23) Ms. Maradik noted that the S.R. 23 realignment project is underway. As part of this project, high tension electric poles were planned along the south side of the street through the new intersection that will be created, instead of along the current 5- points intersection. The NNDA Plan amendment was completed on October 25, 2011, providing a vision for the redevelopment of the entire neighborhood and identifies the realigned 5- points intersection as an area with high potential for commercial development. The city's Department of Public Works has been working with AEP officials over the past several months to determine an alternate route so that the land immediately adjacent to the street is clear of these large overhead electric cables and maintains its development potential. A new route was recently determined which follows existing alleys, starting at the intersection of Duey and S.R. 23, proceeding south towards Corby and then west along the street. A total of eight homes need to be demolished in order to facilitate the AEP electric pole project this fall. Of these eight homes, Five Corners LLC is seeking assistance with the demolition of three, located at 1128 Corby, 1225 Corby and 1224 Corby. Demolition work will include demolition of the structures, clearing of trees within the „A1;P easement and environmental inspection and assessment with proper removal of asbestos, if found. The total cost of the demolition will not exceed $30,000. The remaining five homes will be demolished by Five Corners LLC. Staff requests approval of Resolution No. 3075 and its Addendum to Master Agency Agreement.