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South Bend Redevelopment Commission <br /> Regular Meeting—April 24, 2014 <br /> 6. NEW BUSINESS (CONT.) <br /> C. Airport Economic Development Area <br /> (3) continued... <br /> Upon a motion by Ms. Schey, seconded by Mr. Varner and unanimously carried,the <br /> Commission approved the Second Amendment to Environmental Indemnity Agreement <br /> (Union Station Technology Center). <br /> (2) Collateral Assignment of Contract Rights (Union Station Technology Center) <br /> Mr. Zeeb noted that USTC needs to assign the EIA to its lender. The EIA requires <br /> Commission approval to assign it to another party. The assignment does not change the <br /> EIA, but provides protection to USTC's lender. <br /> Upon a motion by Ms. Schey, seconded by Mr. Varner and unanimously carried, the <br /> Commission approved the Collateral Assignment of Contract Rights (Union Station <br /> Technology Center) <br /> (3) Update on Union Station Technology Center Business Plan <br /> Mr. Zeeb noted that the Development Agreement with USTC states that USTC must provide <br /> its business plan for Commission review. Staff provided the business plan online. No <br /> Commission action is required. <br /> (4) Resolution No.3213 approving and authorizing the execution of an amendment to the <br /> Addendum to the Master Agency Agreement (Union Station Technology Center, <br /> MOU1 Amended Budget) <br /> Mr. Zeeb noted that the first Memorandum of Understanding(MOU) for USTC covered <br /> electrical and connectivity infrastructure improvements for the Renaissance District. Those <br /> improvements were expanded to include Ignition Park, which caused an additional <br /> $221,674.35 in costs. The Board of Public Works has approved the additional cost and <br /> engineering has reviewed and agreed with the change orders,pending Commission approval. <br /> The additional funding will close out all obligations under the first MOU. <br /> Upon a motion by Ms. Schey, seconded by Mr. Varner and unanimously carried, the <br /> Commission approved Resolution No. 3213 approving and authorizing the execution of an <br /> amendment to the Addendum to the Master Agency Agreement (Union Station Technology <br /> Center, MOU1 Amended Budget) <br /> (5) Amendment to Economic Development Memorandum of Understanding (MOU)with F <br /> Cubed, LLC <br /> 10 <br />