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South Bend Redevelopment Commission <br />Regular Meeting-August 15, 2008 <br />been asked to approve an extension of the <br />Economic Revitalization Area designation <br />from two years to ten years for both the real <br />and personal property abatements. <br />Mr. Faccenda clarified that this project <br />requested tax abatement for the portion of the <br />Certified Technology Park that isjust south <br />of the university. The tax abatement(s) will <br />not be for the Sample-Street portion. Also, <br />this project is not part of the Eddy Street <br />Commons project, nor is it part of the <br />residential TIF area. There are outstanding <br />bonds for that residential 1~IF area. This <br />project does not affect that Also, this project <br />is not directly linked to the MIND project <br />that will be located on the campus of Notre <br />Dame, though we hope the technology park <br />will receive benefit from the activities of <br />MIND. <br />Mr. I3rcnncr explained that basic research <br />will continue on the campus of the University <br />of Notre llame. "fhe Innovation Park south <br />of campus is transformational space where <br />companies arising Isom Notre Damc <br />research, or from the community, or from <br />around the country can get incubator space <br />for their start-up companies. <br />Mr. llownes noted that the jobs that arc being <br />anticipated in the tai abatement are only jobs <br />in the Innovation Park, not any jobs that may <br />spin off from the research, which could be <br />htmdreds, if not thousands of jobs. <br />Mr. Inks noted that Commissioner Varner <br />was unable to attend this meeting, but wanted <br />to present his concerns. A letter expressing <br />those concerns was distributed to <br />Commissioners. Mr. Inks noted that Mr. <br />Varner totally supports the Innovation Park, <br />12 <br />