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South Bend Redevelopment Commission <br /> Regular Meeting—August 28, 2014 <br /> • 6. NEW BUSINESS (CONT.) <br /> C. Airport Economic Development Area <br /> (1) Resolution 3229 designating and declaring certain areas as economic development areas <br /> to amend the boundaries of the Airport Economic Development Area by adding the <br /> remainder of the South Bend Central Development Area, certain territory of the West <br /> Washington-Chapin Development Area and certain expansion areas to the Airport <br /> Economic Development Area,designating such territories and areas as part of the <br /> Airport Economic Development Area Allocation Area No. 1 and approving of an <br /> amendment to the Development Plan for the Airport Economic Development Area <br /> Consideration of Resolution No.3229-Upon motion by Mr. Downes, seconded by Mr. Inks <br /> and a majority approval,the Commission approved Resolution No. 3229 designating and <br /> declaring certain areas as redevelopment areas to amend the boundaries of the Airport <br /> Economic Development Area by adding the remainder of the South Bend Central Development <br /> Area,certain territory of the West Washington-Chapin Development Area and certain <br /> expansion areas to the Airport Economic Development Area,designating such territories and <br /> areas as part of the Airport Economic Development Area Allocation Area No. 1 and approving <br /> of an amendment to the Development Plan for the Airport Economic Development Area. Ms. <br /> Schey cast a dissenting vote stating that it is because the geographic area of the TIF has <br /> increased. She looks forward to the continuing discussion on the matter and may change her <br /> mind at her later opportunities to vote on the issue. <br /> (2) Economic Development Agreement with University of Notre Dame du Lac (Turbo <br /> Project in Ignition Park) <br /> Mr. Fielding stated the agreements before the Commission were the continuation of the <br /> projects brought to the Commission in June and July. The first is a development agreement <br /> which clearly lays out the investment,the timing of the investment and how the investment <br /> will be made by the Redevelopment Commission for the Turbo project at Ignition Park. <br /> Attached to that document is a copy of the proposed lease which will be utilized once the <br /> equipment is purchased. <br /> Upon motion by Ms. Schey, seconded by Mr. Downes and unanimously carried,the <br /> Commission approved the Economic Development Agreement with the University of Notre <br /> Dame du Lac for the Turbo Project in Ignition Park <br /> (3) Amendment to Memorandum of Understanding with the City of South Bend and the <br /> University of Notre Dame du Lac (related to revenues from Certified Technology <br /> Park) <br /> Mr. Fielding stated this is a document which amends the Certified Technology Park(CTP) <br /> agreement between the University and the City. Originally, each entity was to receive one- <br /> 9 <br />