Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting —March 27, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(5) continued... <br />certain commitments to Ignition Park to <br />provide power there. This won't interfere <br />with that commitment in any way, will it? <br />Mr. Inks responded that this provides greater <br />power throughout that area which will help <br />meet those commitments. Mr. Relos added <br />that the eventual need is a redundant power <br />source. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Varner and unanimously carried, the <br />Commission approved the Memorandum of <br />Understanding with Union Station Properties <br />for the Renaissance District, Phase I. <br />C. West Washington - Chapin Development Area <br />(1) Development Agreement with South Bend <br />Heritage Foundation , Inc. for <br />rehabilitation of 501 W. Washington St. <br />(former Rushton Bldg). <br />Mr. Relos noted that on October 25, 2011, <br />the Commission entered into a Memorandum <br />of Understanding (MOU) with South Bend <br />Heritage Foundation (SBHF) for the <br />rehabilitation of the historic Rushton <br />Building, at the northwest corner of W. <br />Washington and William Streets. Because <br />the Rushton was built with common kitchen <br />and dining areas, and has stood vacant since <br />2002, extensive remodeling of the building is <br />required. The building will be converted into <br />a 23 -unit, low -to- moderate income senior <br />housing complex. <br />COMMISSION APPROVED THE MEMORANDUM OF <br />UNDERSTANDING WITH UNION STATION <br />PROPERTIES FOR THE RENAISSANCE DISTRICT, <br />PHASE 1. <br />