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Page 2 <br />$79,090.00 and that includes all costs associated with land transfers and residual parcel <br />acquisition. At the end of the process, Gates will have two parcels, one 3.13 acres and the other <br />1.42 acres that are both shovel ready for new commercial development in the corridor. <br />The purpose for having both the Commission and the Board of Public Works act on this item is that <br />the original agreement was between Gates and the Commission and to have Commission approval <br />will bring the agreement into alignment with the amendment. The parcels that require land transfers <br />are in the name of the Board of Public Works and because the BPW is serving as the acquisition <br />agent for the project, the amendment must also be approved in final form by the BPW. <br />The final form of this agreement is a win for all parties involved and staff requires approval of this <br />amendment. <br />227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 1 P: 574 - 235 -9371 1 FAX: 574 - 235 -9021 1 SOUTHBENDIN.GOV <br />