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South Bend Redevelopment Commission <br />Regular Meeting –March 20, 2009 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />C. Airport Economic Development Area <br /> <br />(2) continued… <br /> <br />G Properties is a new document but provides <br />essentially the same indemnity that was <br />originally provided to Design Packaging. <br />The term of the agreement is ten years. <br />Approval of this document is necessary for <br />the property sale to take place. <br /> <br />Mr. Varner asked if the law makes the <br />Commission responsible for environmental <br />problems forever, since Studebaker no longer <br />exits. Ms. Kolata responded that a recent <br />Indiana Supreme Court decision found that <br />Cooper Industries is the successor to <br />Studebaker and, therefore, responsible for <br />environmental problems, so we are pursuing <br />a claim against Cooper Industries for <br />environmental remediation of most of the <br />Studebaker properties. However, the <br />Commission acquired the Transwestern <br />building too long ago and the statute of <br />limitations has expired on this property. <br /> <br />CE <br />Upon a motion by Ms. King, seconded by <br />OMMISSION APPROVED THE NVIRONMENTAL <br />IA3GP, <br />NDEMNITY GREEMENT WITH ROPERTIES <br />Mr. Varner and unanimously carried, the <br />(700S. <br />PENDING FINAL LEGAL REVIEW <br />Commission approved the Environmental <br />L) <br />AFAYETTE <br />Indemnity Agreement with 3 G Properties, <br />pending final legal review (700 S. Lafayette) <br /> <br /> <br />D. West Washington-Chapin Development Area <br /> <br /> <br />(1) Staff report on Hansel Center <br /> <br />Mr. Relos noted that staff requests the <br />Commission consider funding the adaptive <br />reuse of the former Hansel Center, which is <br />in the West Washington Chapin <br /> 10 <br /> <br />