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South Bend Redevelopment Commission <br /> Regular Meeting—January 24, 2013 <br /> 6. NEW BUSINESS <br /> B. Airport Economic Development Area <br /> (2) Memorandum of Understanding by and between Draga investments, LLC and P.B.S. <br /> Properties, LLC and City of South Bend, Indiana. Redevelopment Commission (Lot <br /> 14, U.S. 31 Industrial Way) <br /> Mr. Schalliol noted that in December 2012 Draga Investments, owner of 6139 Parkland <br /> Drive, asked the Redevelopment Commission to assume ownership of a common area <br /> retention pond on its property. The Redevelopment Commission was the original developer <br /> of this industrial park and the retention area was platted into Lot#14 as that was common <br /> development law at the time. The retention area serves the adjacent developed lots but also <br /> serves as a drainage location for the adjacent roadways. The pond has been maintained by <br /> the City of South Bend since it was constructed. The Commission hired Danch Harner and <br /> Associates to prepare a Minor Subdivision to split off from the buildable portion of the lot <br /> from the retention basin. The proposed outlot that will contain the retention basin will be <br /> owned by the City of South Bend. City Ordinances require the Minor Subdivision process <br /> for splitting the property as described above. <br /> In order to facilitate the pending land sale between Draga Investments and PBS Properties in <br /> a timely manner, the two parties have asked that we memorialize this project in a <br /> Memorandum of Understanding (MOU). The purpose of the agreement is to allow both <br /> parties the confidence to close the transaction before completion of the subdivision process. <br /> The MOU contains the timeline for the project and lays out the commitments by each party. <br /> There are no terms or conditions contained within this agreement that are beyond the action <br /> the Commission has previously approved. Staff requests Commission approval of this <br /> Memorandum of Understanding between Draga Investments, LLC, PBS Properties, LLC, <br /> and the Commission. <br /> Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the <br /> Commission approved the Memorandum of Understanding by and between Draga <br /> investments, LLC and P.B.S. Properties, LLC and City of South Bend, Indiana. <br /> Redevelopment Commission (Lot 14, U.S. 31 Industrial Way) <br /> C. West Washington-Chapin Development Area <br /> There was no business in the West Washington-Chapin Development Area. <br /> D. South Side Development Area <br /> (1) Proposal for Buxton Scout subscription renewal <br /> Mr. Schalliol noted that in June 2010 the Redevelopment Commission entered into a <br /> contract with the Buxton Corporation to perform a three component retail study project. The <br /> first component updated the 2006 CommunitylD by restudying the downtown study node <br /> 8 <br />