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South Bend Rcdc~~clopma~t Connnission <br />Regular Meeting -December >. ?00~ <br />6. '~EVb' I3l~SINESS (CON"T.) <br />h. ~~ortheast Neighborhood Uc~~clopment Area <br />(1) continued... <br />and Ann hulata has said this is more than <br />su[Ticicnt time to complete. <br />7. City to in~~csi its additional S6 million by <br />L%31- 1? to achie~~e sho~~el ready condition. <br />Hrn~~e~~er, the city will not put in roads until <br />it has de~~clopers ~,~~ho arc ready to build <br />there. <br />~. City required to make an Annual Report <br />beginning 3' l $%10 (for calendar ?009)- <br />includin~a total employment and payroll fi~~r <br />all businesses in the Park and number ofjobs <br />created durin~~ the vear, nature and extent of <br />anv tcchnulo<w transfer. nature and extent of <br />anv non-tcchnulo<zv businesses in the Park. <br />use and outcome of any State monies used. <br />an analysis of Park's o~crall contribution to <br />the technology based economy in Indiana <br />(i.e. capital investment and product <br />dc~clapmcnt or commcrcialiration). <br />~ cchnulo~v De~~elopmcnt Grant Fund Grant <br />A ~~rcem ent <br />1. S2 million for the pu~~xisc of constructing <br />a business incubator on the IP (ce A'D site. <br />?. City to submit Quarterly Progress Reports <br />(to be supplied by AD). <br />~. City can Sub-Grant to ND. but City ~~~i~l <br />remain responsible to State (our Sub-Grant <br />Agreement ~~~ ith ' 1D ~~ill pass on all State <br />requirements to'~~D. so ND ~~~ill be <br />responsible to Cite). <br />K <br />