6D2. Resolution No. 2617 - Laserfiche WebLink

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Z~ ~~ ~p117 H 6 ~ ~ ~ yyyy~F V ', ~ ~ ti~~ 'F ~ G"u\ir Community & Economic Development ~1e `~~t ~~~ 1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: Dave Relos, Economic Development Planner/, Subject: Agency Agreement -Ivy Tech Date: December 4, 2009 On July 14, 2009, the Commission approved Resolution No. 2552, a Declaratory Resolution approving the addition of four properties to the acquisition list to the Airport Economic Development Area. These properties are along East Sample Street, and are part of a joint effort between the Commission and Ivy Tech to help facilitate the expansion plans of Ivy Tech, and the rehabilitation of this stretch of Sample Street, which will become a gateway between Innovation and Ignition Parks. In addition to the acquisition of these properties, the Commission was asked to make certain other improvements on Ivy Tech's behalf. The Agency Agreement before you today is for two of these improvements. They are: 1). Anew fapade to the building at 250 E. Sample Street, which houses Ivy Tech's new administrative offices (referred to as the ITOSS building -Ivy Tech on Sample Street). Ivy Tech has completed extensive interior renovations to this building. The exterior is in desperate need of updating, with is currently clad in white and blue sheet metal. The new facade would be masonry below and a stucco type material above, with all trim getting a fresh coat of paint, and two new windows added on the west side of the building. A quote solicited by Ivy Tech about a year ago was in the amount of $266,000. 2). Demolition of the Apprentice Trade Center at 236 E. Sample Street, which is just west of the ITOSS building. This block building would be demolished if and when the Habitat Restore property is acquired. Ivy Tech's plans are to move all Apprenticeship classes to the Habitat property, which would allow for the demolition of this block building to allow for more parking. Staff requests approval of this Agency Agreement with the Board of Public Works, to allow for the eventual exterior rehabilitation of the ITOSS building and demolition of the Apprentice Trade Center. What We Do Today Makes A Difference!