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South Bend Redevelopment Commission <br />Regular Meeting -September 5, 2008 <br />6. NEW BUSINESS <br />C. Airport Economic Development Area <br />6.B.(2) continued... <br />Mr. Varner asked if the Commission will pay <br />for the relocation. Mr. Witwer responded <br />that when we ask for it to be moved, we pay <br />for it. <br />Mr. Varner asked the anticipated cost. Mr. <br />Witwer responded that we expect it to cost <br />about $700,000. The path that this very large <br />line needs to take is down to Indiana and <br />back up, wrapping around another building. <br />It will be paid for from the AEDA TIF. <br />Mr. Varner asked if we have a purchaser for <br />the property. Mr. Witwer responded that <br />Transpo was going to relocate its office and <br />maintenance facility to the middle of this <br />site. They have agreed to change their <br />location to the edge of the site, a little east <br />and a little south of their original site to allow <br />the MIND development a larger, more <br />flexible space. <br />Mr. Varner noted that the only property south <br />of there before the railroad tracks is a small <br />triangle of property. It appears to be the only <br />property that would be gained from the <br />relocation at a cost of $700,000. Couldn't <br />Transpo be relocated without spending the <br />$700,000? Mr. Gibney responded that the <br />powerline relocation facilitates more <br />acquisition than just that little parcel. <br />Mr. Varner asked if the city expects to <br />construct a speculative building at this site. <br />Mr. Gibney responded that the city will not, <br />but a speculative building may be built by <br />12 <br />