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Community & Economic Development
INS
227 West Jefferson, Suite 1200, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021
To: South Bend Redevelopment Commission
From: Jitin Kain, Senior CED Specialist 41
Subject: Staff Update on Data Realty
Date: August 13, 2012
In July 2011, the Commission made a commitment to cover the cost of the entire Data Realty Facade
enhancement work as part of the land sale agreement. Data Realty is now in its final stages of completing
construction of an approximately $14 Million Data Center at Ignition Park.
At the Commission meeting on July 26, 2012, staff asked Commissioners to approve an additional $61,312.25
from the AEDA TIF to cover the cost of the fagade metal Panels which had come in higher than expected after
two rounds of bidding by the Board of Public Works.
There are three spreadsheets below:
1. Data Realty Fagade Expenses: Expenses have been split into two components to ease construction.
Data Realty will purchase the supports and install foundations while the Commission purchases the
metal panels. Since the Commission is responsible for the total fagade cost, the Commission must
then cover the cost of supports and foundations in other TIF eligible ways.
2. Commission Participation Till Date: Must equal total fagade cost
3. Qualifying Expenses to Address Gap
I. Data Realty Fargade Expenses
Amount
Notes
Metal Panel & Screenwall supports, foundation
$914,755.00
These are attached to the existing
and other materials
$566,560.00
building
Gap
$219,558.00
These attach to supports on the
Metal Panels & Screenwall
$914,755.00
building fagade and foundations
Commission Commitment per MOU
Total Fa ade Cost
$1,481,315.00 1
is for the entire cost of the Fa ade.
2. Commission Participation Till Date
Amount
Notes
Purchase Metal Panels & Screenwall
$914,755.00
Actual Award Amount
Purchase CRAH unit
$347,002.00
Actual Award Amount
Gap
$219,558.00
To be determined
Total Commission Commitment
$1,481,315.00
3. Qualifying Purchases to Address Gap
Amount
Equipment Chan e Orders
$77,938.00
Other TIF eligible items: Landscaping & Asphalt
$111,000.00
Estimates
Gap
$30,620.00
To be determined
Total Commission Participation
$219,558.00
Staff will be back at a future meeting to present agreements for some of the above mentioned items.