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<br />A <br />South Bend Redevelopment Authority <br />Special Meeting - June 26, 1992 <br />3. NEW BUSINESS (Cont.) <br />a. continued... <br />marketplace. It is going to have to support itself. <br />Revenue from greens fees, etc., will make the bond <br />payments. <br />Jon Hunt explained the contracts to be entered into with <br />Hurdzan Golf Design, North American Golf,. Eckenhoff <br />Saunders Architects, and Cole Associates. <br />Mr. Hunt noted that the Authority previously entered into <br />a pre-development contract with North American Golf to <br />refine the overall concept, the business park, golf <br />course, and market and financial issues. That contract <br />with North American Golf included subcontracts with Cole <br />Associates and Hurdzan Golf Designs. Instead of <br />continuing the relationships as subcontractors, we are <br />contracting directly with each of those firms. However, <br />the contract with North American. Golf will include <br />managing the contracts with the other firms. <br />Mr. Hunt noted that the contract with Hurdzan Golf Design <br />will be for consulting services to complete construction <br />drawings for the golf course. <br />The Eckenhoff Saunders Architectural contract is for the <br />design of the clubhouse for the golf course. The Cole <br />Associates contract is for the design of the roadway <br />access to the golf course, and water, sewer, lighting and <br />other engineering components of the golf course. <br />The contract with North American Golf is for project <br />management and coordination of the other contracts, <br />including construction management. <br />Mrs. Kolata noted that the contract with H. J. Umbaugh & <br />Associates is for services related to structuring the <br />bond issue, handling the bond sale, and other technical <br />services following the bond sale. <br /> <br />Mrs. Kolata noted that the contract with Baker & Daniels <br />is to serve as bond counsel for the bond sale. Their fee <br />is based on an hourly rate with a not-to-exceed cap, plus <br />reimbursables. <br />Mrs. Kolata noted that the project for which the bond is <br />being sold is the construction of a golf course, a <br />clubhouse and a maintenance building, and improvements <br />related to those, including equipping the golf course for <br />operation and maintenance. <br />-3- <br />