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G � (�) me m .. Community & Economic Development 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fox 574/235 -9021 To: Redevelopment Commission From: David Relos, Economic Development Planner ` Subject: Donation of Real Estate Discount Rental property to Ivy Tech Date: May 8, 2012 On August 26, 2009, the Commission approved the addition of four properties along East Sample St. to the acquisition list of the Airport Economic Development Area. These properties were added in an effort to help Ivy Tech expand classroom, storage, and parking needs in light of their large increases in enrollment. If staff were able to acquire any of these properties, we would then work to donate them to Ivy Tech. On July 9, 2010, the Commission approved the donation of the Habitat Restore property at the southwest corner of Fellows and Sample. With this property, Ivy Tech was able to expand classrooms in the ITOSS building by moving stored materials to the Habitat property, and to expand parking to the east of ITOSS. With the Discount Rental property, Ivy Tech will again be able to expand parking, which is a critical and immediate need, and allow additional classes to be held at ITOSS. Ivy Tech is in process of master planning its South Bend campus. Their goals are: • Address current space shortages to eliminate portable classroom structures • Proactively plan student population and program growth for the next 10 — 15 years • Anticipate parking needs and plan expansion accordingly • Provide student oriented spaces • Improve efficiency and flow in its buildings • Create a campus feel on site and in its buildings • Enhance connectivity to the community Similar to the Habitat transaction, and with Legal's review, a Real Estate Donation Agreement will be drafted and brought back to the Commission. Staff requests approval to move forward with the donation to Ivy Tech of the Discount Rental property, 230 E. Sample St. What We Do Today Makes A Difference!