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RESOLUTION NO. 3109 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION REGARDING THE DISPOSITION OF CERTAIN <br />PERSONAL PROPERTY AND MATTERS RELATED THERETO <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission "), the <br />governing body of the City of South Bend, Indiana (the "City "), Redevelopment District and the <br />City of South Bend, Indiana, Department of Redevelopment, exists and operates under the <br />provisions of Indiana Code Section 36 -7 -14, as amended from time to time (the "Act "); and <br />WHEREAS, the Commission did previously declare the Airport Economic <br />Development Area (the "Area ") to be an economic development area within the meaning of the <br />Act, approved an economic development plan for the Area (the "Plan ") and designated the Area as <br />a tax increment finance ( "TIF ") allocation area all pursuant to the Act; and <br />WHEREAS, F Cubed, LLC ( "F Cubed ") is an emerging company engaged in the <br />development of a technology created by the University of Notre Dame (the "University ") for the <br />rapid and direct detection of DNA to be utilized for identification of contaminated drinking water, <br />medical diagnostics in retail medical clinics and homeland defense (the "Technology "); and <br />WHEREAS, F Cubed has had operations located at Innovation Park in the City (the <br />"South Bend Operations "); and <br />WHEREAS, in order to more fully develop the Technology and expand its <br />applications, F Cubed requires (i) certain equipment, more particularly described in the MOU (as <br />defined below) (the "Equipment'), to be used in connection with the South Bend Operations and <br />(ii) a new location to accommodate the expanded South Bend Operations; and <br />i <br />DMS US 510652320 <br />