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South Bend Redevelopment Commission <br />Regular Meeting -September 17, 2010 <br />6. NEW BUSINESS (CONT.) <br />E. Airport Economic Development Area <br />(IO) continued... <br />as well as connect into the future Adams <br />Road/St. Joseph Valley Parkway interchange. <br />DLZ has submitted a proposal to create a <br />roadway and right-of--way acquisition plan <br />for this roadway segment. The total cost is <br />$190,500. Resolution No. 2771 approves an <br />Addendum to the Master Agency Ag1•eement <br />with the Board of Public Works so they will <br />contract with DLZ and oversee the work. <br />Survey work will be done yet this year and <br />plans and guidelines will be developed over <br />the winter and the right-of-way planning <br />should be complete by spring to allow for <br />acquisition. It is not anticipated that the <br />roadway will be constructed until it is <br />needed. <br />Mr. Varner asked if the road extension <br />wouldn"t be outside the city limits. Mr. <br />Relos responded that it would, but the law <br />allows TIF funds to be spent for projects that <br />are "in or serve -the development area. <br />Mr. Alford asked when Olive would be <br />complete between Lincolnway and Nimtz. <br />Mr. Relos responded that the right-of--way is <br />being purchased now. Staff has acquired all <br />of the right-of=«~ay from the property o«~ners <br />who had affected buildings. <br />Ms. Spivey asked where she could find the <br />specific portion of the TIF legislation that <br />allows money to be spent outside the area. <br />Mr. Meteiver responded that he would supply <br />her with that. <br />18 <br />