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South Bend Redevelopment Commission <br />Regular Meeting — Thursday, October 10, 2013 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearing <br />(17) continued... <br />Ms. Jones opened the public hearing for whoever wished to speak. There was no one who <br />wished to speak regarding Resolution No. 3171. Ms. Jones closed the public hearing for <br />whatever action the Commission wished to take. <br />(18) Consideration of Resolution No. 3171. <br />Upon a motion by Mr. Downes, seconded by Mr. Inks and unanimously carried, the <br />Commission approved Resolution No. 3171 appropriating funds from the Certified <br />Technology Park Fund for the payment of certain obligations and expenses related to the <br />Certified Technology Park. <br />B. South Bend Central Development Area <br />(1) Development Agreement with 112 West Jeff, LLC for Studebaker Plaza <br />Mr. Kain presented a development agreement for the Studebaker Plaza to the Commission. <br />The agreement is between 112 W. Jeff LLC and the Redevelopment Commission and <br />outlines the commitment by each party for the plaza space. Mr. Kain noted that the <br />Commission's obligations include: providing hardscape improvements to the Plaza such as <br />brick pavers, pre -cast elements, benches and street lights. The term of the agreement is 20 <br />years so all the hardscape improvements will continue to be the property of the <br />Redevelopment Commission for that duration. During this time, the Commission will be <br />responsible for the long term maintenance of these improvements. Mr. Kain noted that day <br />to day maintenance such as snow removal, grass mowing, cleaning will be the responsibility <br />of 112 W. Jeff LLC, the owners. Mr. Kain further noted that the owners responsibility will <br />be to keep the plaza an open public space for the duration of the term of the agreement. The <br />owners will also maintain all adequate liability insurance. <br />Upon a motion by Mr. Downes, seconded by Mr. Inks and unanimously carried, the <br />Commission approved the Development Agreement with 112 West Jeff, LLC for <br />Studebaker Plaza. <br />C. Airport Economic Development Area <br />(1) Resolution No. 3177 approving and authorizing the execution of an Addendum to the <br />Master Agency Agreement (Ignition Park South Demolitions Phase 4 Project). <br />Mr. Relos noted that Resolution No. 3177 and its agency agreement are to clean and clear <br />three commercial properties recently acquired by the Commission. Included in this work <br />will be the demolition and asbestos abatement of two structures - Barany Sheet Metal in the <br />0 <br />