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South Bend Redevelopment Commission <br />Regular Meeting —May 31, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(1) continued... <br />roadmap of priorities. Mr. Schalliol noted <br />that he has been meeting with AEP and the <br />design team and expects to bring a proposal <br />to the Commission at its next meeting for an <br />"energy resource corridor study ". The study <br />will help us coordinate solutions for the <br />power needs of both Ignition Park and the <br />Renaissance District. But, the bottom line is <br />that there is currently not enough power to do <br />both projects or to do either project well. <br />Mr. Davis expressed his wishes to act on this <br />item at the next meeting. Mr. Schalliol noted <br />that the resolution setting the purchase offer <br />price for Hamilton Body Shop is needed <br />regardless of the plan. Commission action <br />on it today will assist him and AEP with the <br />rate discussions. The city has the ability to <br />help AEP with their future power issues at <br />the site. This action on Hamilton today helps <br />the city's position in that discussion. <br />Mr. Davis insisted that the information Mr. <br />Schalliol is privy to would help guide the <br />option of the Commission's approval. <br />Mr. Varner asked if it can be approved with a <br />contingency. Ms. Kolata stated that she <br />believes that is risky. AEP would like to <br />know where its substation can be located. <br />Mr. Downes noted his understanding is that <br />there are three parcels for sale and Hamilton <br />would not be willing to sell them separately. <br />The city has been trying to acquire the <br />Hamilton property for, 25 years. Ms. Kolata <br />15 <br />