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South Bend Redevelopment Commission <br />Regular Meeting —April 24, 2012 <br />6. NEW BUSINESS (CONT.) <br />C. Airport Economic Development Area <br />(1) continued... <br />park. As part of the Contract for Sale of <br />Land, the Commission agreed to provide site <br />improvements (paving, landscaping, lighting, <br />etc.) to the Data Realty site equal to the <br />amount of the fagade enhancement work <br />performed by Data Realty up to an amount of <br />$1,400,000. <br />The fagade design was done by BSA <br />LifeStructures, the firm responsible for the <br />Master Plan of Ignition Park. The initial <br />estimates for the first design came in over <br />budget, so BSA was asked to revise the <br />facade design. Earlier this year, a design was <br />submitted that was estimated to cost <br />$1,134,980. This design was later approved <br />by the Architectural Review Committee for <br />Ignition Park. <br />A recent estimate of site improvement work <br />at Data Realty was $400,000 which is <br />significantly less than the $1,134,980 <br />estimated for the fagade work. Therefore, in <br />lieu of the site improvements, staff is <br />proposing the following combination to <br />fulfill the Commission's commitment <br />towards the Data Realty project: <br />1. Fagade Improvements: Purchase <br />metal panels and screen wall <br />coverings for the approved fagade <br />design in the amount of $747,576. In <br />order to do this, Data Realty would <br />grant the Commission a fagade <br />easement for a term of seven years. <br />2. <br />12 <br />