12-13-12 Redevelopment Commission Minutes

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South Bend Redevelopment Commission Regular Meeting—December 13, 2012 6. NEW BUSINESS C. Airport Economic Development Area 2) Management Services Agreement for Bosch Building. Mr. Inks noted that as we prepare to take possession of the former Bosch site at the end of 2012, we need to ensure the buildings will be well maintained. The Management Services Agreement with Cressy & Everett Management Corp. proposes property management services for the site for a fee of$600 per month. Additional services at the site, as described in the following paragraph, are expected to total about $100,000 during the first four months of 2013. By May 1, 2013 we expect Curtis Products will take possession of the property under the terms approved at the last Redevelopment Commission meeting. Accordingly, the Redevelopment Commission is being asked to approve the Management Services Agreement with Cressy & Everett and authorize staff to work with Cressy& Everett to implement the additional services at a cost not to exceed $100,000 during the first 4 months of 2013. Attached to the Agreement is the proposal for management services detailing the activities to be continued at the site, including security, fire protection, building and mechanical maintenance, grounds maintenance and utilities. Cressy& Everett will also be responsible for third party vendors, initiating, reviewing and monitoring their services. Cressy& Everett has in-house staff capable of maintaining the building and HVA systems and will provide these services at the rates ($39/hour to $79/hour) indicated in the proposal. The Redevelopment Commission, as part of its 2013 appropriations, has provided up to $650,000 for holding costs at this site. That amount includes the proposed budget here in the amount of$468,698, plus property taxes. The Redevelopment Commission is asked to approve the Management Services Agreement with Cressy & Everett and authorize staff to work with Cressy & Everett to implement the additional services at a cost not to exceed $100,000 during the first four months of 2013. Mr. Varner asked whether the Commission has the lease agreement in place with Curtis Products. Mr. Inks responded that we have the Letter Of Intent that has been executed by both the Redevelopment Commission and Curtis Products. A draft of the lease agreement has been sent to Curtis Products for its review. Upon a motion by Mr. Downes, seconded by Mr. Alford and unanimously carried, the Commission approved the Management Services Agreement for the Bosch Building in the amount not to exceed $100,000. 3) Proposal for professional services regarding the Renaissance District Mr. Schalliol noted that Union Station Technology Center has submitted a request to draw down on funding from the MOU #1 funding allocation to cover costs to date associated 8