Authorizing & Approving the execution of a certified Technology Park Agreement with the Redevelopment Commission, and the Indiana Economic Development Corporation

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A. The Sponsor has committed to provide the resources necessary to complete Phase I of the Park's plan, as described in the Application. The cost of Phase I is estimated at approximately Fifteen Million Dollars ($15,000,000). As described in the Application, the Sponsor is also coordinating, and may underwrite, the operations of the Campus Site. B. The City will complete the acquisition, demolition and remediation of the property comprising the Sample Street Site by June 1, 2011 using financial resources other than CTP Revenues. The City will also invest at least an additional Six Million Dollars ($6,000,000), exclusive of any CTP Revenues, for the construction of infrastructure and other improvements at the Sample Street Site to enable its real estate to achieve ashovel-ready condition by December 31, 2012. 6. PRIMARY ACTIVITIES WITHIN PARK; MARKF,TING OBLIBATION The City shall make every effort to ensure that the primary activity of the Park shall be for high technology activities. The City shall notify IEDC in advance of any action taken by the City or the Sponsor or any of its contractors, grantees or assigns to approve, allow or permit a project or a significant activity to locate or occur within the Park, the primary focus of which does not consist of high technology activities. In consideration for the designation of the Park and any funds received under Paragraph 7, the City hereby agrees to market the Park, on behalf of the IEDC, through the term of this Agreement to the extent required by the Act. 7. CERTIFIED TECHNOLOGY PARK INCREMENTAL TAX FINANCING FUND: The tax increment financing fund established under Section 22 of the Act (the "State CTP Fund") shall receive (i) 100% of the aggregate amount of state gross retail and use taxes that are remitted under Indiana Code §6-2.5 by businesses which exceed the gross retail base period amount, in accordance with Indiana Code § 36-7-32-22(b)(1); and (ii) 100% of the income tax incremental amount provided for in Indiana Code § 36-7-32- 22(b)(2)(A)-(D). Notwithstanding the foregoing or anything in the Act to the contrary, not more than an aggregate total of Five Million and 00/100 Dollars ($5,000,000.00) in CTP Revenues or other funds that may be deposited into the State CTP Fund over the course of its designation. 8. CERTIFIED TECHNOLOGY PARK FUND: Except as set forth in Section 4 of this Agreement, money deposited in the CTP Fund may be used by the Commission only for one or more of the following purposes: A. Acquisition, improvement, preparation, demolition, disposal, construction, reconstruction, remediation, rehabilitation, restoration, preservation, maintenance, repair, furnishing, and equipping of public facilities. B. Operation of public facilities as defined in the Act. -5-