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South Bend Redevelopment Commission <br />Regular Meeting —May 31, 2012 <br />6. NEW BUSINESS (CONT.) <br />F. Douglas Road Economic Development Area <br />(1) continued... <br />Master Agency Agreement with the Board <br />of Public Works (SR 23 and Douglas <br />Added Right Turn Lane — Supplement #1). <br />Mr. Schalliol noted the purpose of this <br />project is to add a dedicated right turn lane <br />for north bound traffic that is turning east <br />onto Douglas Road from SR 23. At the time <br />the city was constructing the Douglas Road <br />project, project budgets prevented the city <br />from completing this element of the project. <br />The city did, however, at that time obtain the <br />right -of -way needed. Since the project was <br />completed, Horizon Bank has built on the <br />southeast corner, adjacent to the project site. <br />Abonmarche has made field observations and <br />plan revisions based on the bank's <br />placement. <br />This proposal will provide all of the right of <br />way documents and acquisition services <br />necessary to acquire the property from <br />Horizon Bank to allow for this project to <br />move forward. The Abonmarche proposal is <br />in the amount of $5,000. Staff also requests <br />a budget provision of $25,000 to allow for <br />the property acquisition from the bank. The <br />engineer's estimate for this project is roughly <br />$150,000. <br />Mr. Downes asked if this will end up costing <br />more than if we had been able to acquire it <br />sooner. Mr. Schalliol stated that it will end <br />up costing the city less due to current <br />construction costs. <br />25 <br />