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South Bend Redevelopment Commission <br />Regular Meeting -August 15, 2008 <br />5. OLD BUSINESS (CONT.) <br />6.C.(3) continued... <br />Technology Park as the Sample Street site. <br />Attachment D has an updated pro forma, <br />which updates costs, including the Certified <br />Technology Park Operating Grant Funds and <br />debt service for the building construction. <br />Attachments F and G are also new. They are <br />support letters from the University of Notre <br />Dame and the City of South Bend. Notre <br />Dame agrees to spend $15M to complete <br />Phase I, including any IEDC grants. The <br />university will also be providing land, and <br />underwriting the operation of the facility and <br />staff for the park. In the city's letter of <br />support, the city commits to providing <br />infrastructure on the campus site (the Eddy <br />Street Commons improvements on Edison, <br />Napoleon, Eddy St, all of the utilities and <br />road work to be going in there). The city's <br />commitment doesn't represent new dollars, <br />but it does represent city investment that will <br />benefit the new Certified Technology Park. <br />In addition to that, the application references <br />the Sample Street site, the $ ll . SM already <br />spent to date for acquisition, clearance and <br />remediation, and note that an additional <br />$6M-9M will be spent in that area to <br />complete those efforts. <br />Attachment H is also new. It is a financial <br />spreadsheet summarizing the city's support. <br />Attachment I is the grant fund application. <br />That application requests $2M in capital <br />funds and $2M in operating funds from <br />IEDC. It notes that estimated jobs for <br />Building One will be 120 with estimated <br />