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6 A k-) <br />Community & Economic Development r' <br />1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 <br />To: Redevelopment Commission <br />From: David Relos, Economic Development Planneroj/• <br />Subject: Real Estate Donation Agreement <br />Discount Rental property to Ivy Tech <br />Date: August 16, 2012 <br />On May 08, 2012, the Commission approved staff to move forward with the donation of the <br />Discount Rental property, 230 E. Sample Street, to Ivy Tech. <br />With the Discount Rental property, Ivy Tech will be able to expand parking, which is a <br />critical and immediate need, and allow additional classes to be held at their next door <br />ITOSS building. <br />Ivy Tech is in process of master planning its South Bend campus. Their goals are: <br />• Address current space shortages to eliminate portable classroom structures <br />• Proactively plan student population and program growth for the next 10 — 15 years <br />• Anticipate parking needs and plan expansion accordingly <br />• Provide student oriented spaces <br />• Improve efficiency and flow in its buildings <br />• Create a campus feel on site and in its buildings <br />• Enhance connectivity to the community <br />The attached Real Estate Donation Agreement will finalize this transaction, and allow the <br />transfer of this property to Ivy Tech. <br />Staff requests approval of this Real Estate Donation Agreement. <br />What We Do Today Makes A Difference! <br />