6.B.(2) Resolution No. 2501 - Laserfiche WebLink

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'`Exhibit A" RELOCATION OF KANKAKEE-COLFAX 34.SkV TRANSMISSION LINE AND DISTRIBUTION LINES ON PROPOSED TRANSPO SITE 7'he City of South Bend plans to relocate the proposed Transpo Site to a location bounded by Indiana Ave., Lafayette Blvd., Stull Street and part o£ the Studebaker site, for the purposes of accommodating the Midwest Institute for Nanotechnology Discovery and the need to relocate the Kankakee-Colfax 34.5 kV transmission line and all distribution lines on the site by the spring of 2009. On August 21, 2008, AMERICAN ELECTRIC POWER provided the City with a relocation plan and estimate of $695,578.00 which the Cily will fund with the Airport l;conomic Development Area Tax Increment Finance District to accommodate the removal of the transmission and distribution lints necessary for the Transpo Sitc. "There is a nine month tinleframe for AMERICAN ELECTRIC POWER to relocate the lines and this is a necessary measure for Transpo and the future of the Studebaker Corridor and growth of the City and the MWD facility. The City will enter into an agreement with AMERICAN ELEC"TRIG POWER to pay for or reimburse for the cost of relocating the Kankakee-Colfax 34.5 kV transmission line and all distribution lines on the site.