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07-26-11 Redevelopment Commission Minutes
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07-26-11 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br /> Regular Meeting—July 26, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> D. Airport Economic Development Area <br /> (3) continued... <br /> • Bring a redundant power line to Ignition <br /> Park from the Kankakee substation at a <br /> cost of$100,000. <br /> • Support facade enhancements to the Data <br /> Realty building to set an aesthetic tone <br /> for Ignition Park and meet the park's <br /> aesthetic requirements at a cost of$1.4 <br /> million, including a design fee of$77,500 <br /> for BSA LifeStructures. <br /> • Provide a backup generator at a cost of <br /> $900,000 to Data Realty in exchange for <br /> 15 years worth of five data center <br /> equipment racks provided by Data Realty <br /> to the City and future Ignition Park <br /> tenants (valued at $1,080,000). <br /> Data centers, for security reasons, must be <br /> built as bunkers; however, Ignition Park is <br /> planned as a very high-tech, high-quality <br /> aesthetic park. This aesthetic plan will be <br /> advantageous to all future tenants but adds no <br /> appreciable value to a data center. This <br /> Contract provides enhancements to the Data <br /> Realty building to meet the park's aesthetic <br /> requirements. The estimated cost is <br /> $1,400,000. BSA LifeStructure's design fee <br /> for those enhancements is $77,500. The <br /> enhancements to Data Realty will set the <br /> aesthetic tone for Ignition Park which is <br /> especially critical for the Park's first <br /> building. <br /> Mr. Carlton, President& CEO of Data <br /> Realty, thanked the Economic Development <br /> staff for its diligent work that moved this <br /> project forward. There's been a monumental <br /> 19 <br />
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