Laserfiche WebLink
South Bend Redevelopment Commission <br /> Regular Meeting—April 24, 2014 <br /> 6. NEW BUSINESS (CONT.) <br /> B. South Bend Central Development Area <br /> (3) continued... <br /> and offer matching terms to Ivy Tech for consideration within 30 days. If those terms were <br /> rejected the Commission would have the right to enter into a separate agreement. <br /> Staff requests approval of the attached memorandum of understanding for the former <br /> College Football Hall of Fame with Ivy Tech Community College of Indiana. <br /> Ms. Schey asked about the criteria used to determine the four bids were unresponsive. Mr. <br /> Ford responded that primarily having a business plan: stating what improvement would be <br /> made to the building, how they would pay for the building,how the use would be <br /> sustainable. <br /> Ms. Schey said she thought that six months seemed like a long time for a feasibility study. <br /> She suggested a three-month term. Mr. Ford responded that Ivy Tech needs to resolve a <br /> number of questions as to feasibility: people,program and place. They needed to define a <br /> location before developing a curriculum, finding people to teach it, and find the funds to <br /> keep it running. A large statewide institution has a variety of levels of approval for such an <br /> effort. Mr. Coley's experience in starting up other programs indicates that six months is a <br /> necessary amount of time to get to the needed level of detail. <br /> Ms. Schey asked what the city's remaining financial obligation on the Hall of Fame is. Mr. <br /> Ford responded that there is $4.7M of outstanding debt. <br /> Mr. Varner asked about the fundraising,whether it would all be done by Ivy Tech, or is <br /> there expectation that the city would participate as well. Mr. Coley responded that the <br /> fundraising is the college's responsibility. <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried,the <br /> Commission approved the Exclusivity Agreement with Ivy Tech Community College <br /> (College Football Hall of Fame) <br /> C. Airport Economic Development Area <br /> (1) Second Amendment to Environmental Indemnity Agreement(Union Station <br /> Technology Center) <br /> Mr. Zeeb noted that this amendment to the Environmental Indemnity Agreement(EIA) <br /> outlines city plans to remediate the Ivy Tower site, adds clarity on Union Station <br /> Technology Center's(USTC)requirements as Bona Fide Purchaser, and adds Building 84 as <br /> the purchaser and owner of the site. <br /> 9 <br />