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South Bend Redevelopment Commission <br /> Regular Meeting—November 22, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> B. Airport Economic Development Area <br /> (1) continued... <br /> state that the site is cleaned to environmental <br /> standards. On November 17, 2011, the State <br /> opened bids for environmental work on the <br /> southern half of the site. So, at this point in <br /> time, there isn't a Comfort Letter for that <br /> portion, but there will be one forthcoming <br /> once the site is cleaned. The Commission is <br /> not in position to sell the site until the <br /> environmental cleanup on that portion is <br /> complete. <br /> Ms. Jones stated that this is a project that <br /> falls in two different TIF districts. She asked <br /> how that would be handled. Mr. Schalliol <br /> replied that the master plan relates <br /> specifically to the property south of the <br /> tracks. The majority of the project will fall <br /> into the Airport Economic Development <br /> Area. <br /> Mr. Leone added that legal counsel can <br /> resolve those issues. It may be that funds can <br /> be allocated based on the portions that are in <br /> each TIF area. Otherwise, TIF legislation <br /> states that funds can be allocated from a TIF <br /> area based on a project"in or serving" the <br /> TIF area. The portions of the project that are <br /> not in the AEDA would certainly serve the <br /> AEDA. <br /> Upon a motion by Mr. Varner, seconded by COMMISSION ACCEPTED THE PROPOSAL FROM <br /> Ms. King and unanimously carried, the UNION STATION PROPERTIES FOR DEVELOPMENT <br /> Commission accepted the proposal from OF THE MILLENNIUM ENVIRONMENTAL SITE AND <br /> WILL ALLOW STAFF AND LEGAL TO BEGIN THE <br /> Union Station Properties for development of PROCESS TO NEGOTIATE AN APPROPRIATE <br /> the Millennium Environmental site and will AGREEMENT TO BRING BACK TO THE <br /> allow staff and legal to begin the process to COMMISSION FOR APPROVAL AT A LATER DATE <br /> 9 <br />