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South Bend Redevelopment Commission <br />Regular Meeting –April 3, 2009 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Airport Economic Development Area <br /> <br />(5) continued… <br /> <br />? <br /> <br /> additional crushed stone that is <br />necessary for the base. <br />? <br /> <br />The 1100 Corporation will be allowed to <br />excavate sand from an adjacent lot which <br />is where the City’s expansion of the <br />existing retention pond will take place. <br />? <br /> <br />Construction of the new building is to <br />begin no later than August 1, 2009 and <br />qualify for a Certificate of Completion <br />within 12 months. <br /> <br />Description of Project <br />: <br />? <br /> <br />The 1100 Corporation or a successor real <br />estate holding company will construct a <br />36,000 s.f. building in the Oliver <br />Industrial Park that will be leased to <br />Underground Pipe and Valve, Inc. The <br />building will be a single level pre- <br />engineered steel building with two <br />sections: a basic shop area and an office <br />section. The majority of the shop area, <br />23,197 square feet, will be heated and <br />cooled with the remaining shop area <br />unheated. The office area will consist of <br />7,270 square feet. There will be 14 <br />private offices with reception area, <br />conference, workroom, break room, and <br />restroom uses. An asphalt parking area <br />will surround all four sides of the <br />building with the area to the north <br />capable of handling heavy truck parking. <br />The entire site will be fenced. <br />Decorative masonry pillars will be <br />located on the south fence line. <br />? <br /> <br />The estimated cost of the new <br />construction is just over $2,000,000. <br /> 10 <br /> <br />