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South Bend Redevelopment Commission <br />Regular Meeting -August 15, 2008 <br />6. NEW BUSINESS (CONT.) <br />A. Tax Abatements <br />(2) continued... <br />under the new model we are using since <br />HEA 1001, nine years of abatement provides <br />a greater savings than does ten years. Staff <br />would like the Commission to approve the <br />ten years of abatement which will give <br />Innovation Park the maximum flexibility as <br />the request goes before the Common <br />Council. <br />Mr. Mathia gave the staff report on the <br />project. The University of Notre Dame and <br />Innovation Park at Notre Dame, Inc. are <br />proposing to establish a Certified Technology <br />Park. The park will include the construction <br />of four buildings over a ten year period on an <br />approximately 12-acre site, with construction <br />to begin on the first building (Phase I) in <br />early fa112008. The Master Plan for the park <br />anticipates three additional buildings to <br />be phased in between 2010 and 2018. The <br />first building will be the main gathering area <br />for the park and provide most of the essential <br />common areas including conference facilities <br />and training resources. Phase I will comprise <br />a facility of approximately 54,000 sq. ft. on <br />three levels. The reception area, <br />administration space and "Greenhouse" <br />incubator facility (approximately 6,000 sq. <br />ft.) will be on the first level. The second and <br />third levels will be designed as "build-to- <br />suit" tenant areas for general office space and <br />dry or wet lab configurations. The remaining <br />three buildings (Phases II to IV) will provide <br />approximately 146,000 additional square feet <br />of space. They will be primarily used for <br />client/tenant space. The buildings and <br />9 <br />