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r� f5 C3� <br /> ,OUT$8E <br /> Department of <br /> Community Investment <br /> 1865 <br /> 3 <br /> a <br /> Memorandum <br /> December 11, 2014 <br /> TO: Redevelopment Commission <br /> ` FROM: David Relos, Economic Resources 911. <br /> SUBJECT: Resolution 3258 —Accepting Transfer of Property from BPW <br /> Cove Parcel 18-3014-051501 <br /> On September 11, 2014, an MOU between the Board of Park Commissioners (Parks); <br /> Board of Public Works (BPW); Swing Batter Swing (SBS), owner of the South Bend Cubs <br /> minor league baseball team; and the Redevelopment Commission (RDC) was approved. <br /> This MOU outlines each party's responsibilities to carry out the construction and <br /> ownership of a privately funded, approximately 17,700 square feet batting cage facility, <br /> containing six indoor tunnels, two regulation pitching mounds, an observation deck, and <br /> having an estimated construction cost of$1,000,000. This facility will enhance the Cove, <br /> team, and larger region by being a unique destination point that will draw more people to <br /> the downtown area. <br /> This parcel currently is in the name of the BPW, and the MOU contemplates its transfer <br /> to the RDC, to allow a section of it to be ultimately transferred to SBS and the remaining <br /> larger section being transferred back to Parks. <br /> Staff requests approval of Resolution No. 3258, accepting the transfer of this parcel from <br /> the BPW. <br /> 227 W.JEFFERSON BLVD. SOUTH BEND, IN 46601 P: 574-235-9371 1 FAX: 574-235-9021 1 SOUTHBENDIN.GOV <br />