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South Bend Redevelopment Commission Regular Meeting —May 15, 2014 6. NEW BUSINESS (CONT.) D. South Side Development Area (1) continued... Sidewalk Projects, the High & Ireland Intersection Improvements, and reworking of the bean around the Erskine Retention Basin on the north side of Erskine Plaza. These budgets are based on construction estimates plus contingencies from Christopher Burke Engineering ($800,000) and DLZ for right of way acquisition ($175,000). Staff requests approval of Resolution No. 3214 and a not -to- exceed budget of $975,000. Ms. Jones asked the timeline for the sidewalks. Mr. Relos responded that the timeline is affected by how long it takes to secure the right -of -way from McDonalds and KeyBank. He believes we have now found the correct person in each case to move this along. We hope that can be done yet this year. Upon a motion by Mr. Downes, seconded by Mr. Inks and unanimously carried, the Commission approved Resolution No. 3214 approving and authorizing the execution of an amendment to the Addendum to the Master Agency Agreement with the Board of Public Works (Southside Improvements Project) E. Northeast Neighborhood Development Area (1) Resolution No. 3215 approving and authorizing the execution of an Addendum to the Master Agency Agreement (Five Points Utility Relocation Project) Ms. Maradik noted that Resolution No. 3215 approves an amendment to the Master Agency Agreement with the Board of Public Works for the Five Points utility relocation. Last year in conjunction with INDOT's realignment project for S.R. 23, the city conducted a study to determine which utilities are currently in place and those that might need to be relocated in order to maximize development potential near the new intersection of Eddy and Corby. This study also included a cost estimate to relocate city utilities. The project budget is requested to be set at: Final Engineering Estimate $116,710 Construction Estimate 526.572 Total Project Budget $643,282 Staff requests approval of Resolution No. 3215. Mr. Varner asked what portion of the project budget is for "maximizing development potential" of the site. He noted that those costs are usually borne by the developer. Ms. Maradik responded that when Eddy St. is vacated, it will be in the middle of a parcel. So we're looking at the cost of sanitary and water. What used to be the middle of a street is now developable. It's hard to determine the value of those utilities. 7