Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting -May l 5, 2009 <br />was selected to be the location for MIND, <br />this area was redesignated as Ignition Park. <br />Because nanotechnology equipment is highly <br />sensitive, we asked Transpo to move its <br />location to the southeast edge of Ignition <br />Park to free up more land for other potential <br />development. As part of the Termination <br />Agreement, the Commission is agreeing to <br />pay back to Transpo its $ I ,000,000 down <br />payment for the Stamping Plant property. <br />This was used to pay part of the demolition <br />costs. Under the Contract for Purchase and <br />Sale of Real Estate for the new site, Transpo <br />will pay $648,000 ($30,000 per acre for the <br />21.6 acre site). The Commission"s actions <br />proposed will cancel the previous agreement <br />and enter into a totally new agreement. <br />Transpo"s new building will be 165.000 sft, <br />including office, maintenance, and inside bus <br />storage. It will replace their current facilities <br />on Northside Boulevard, parts of which are <br />over one hundred years old. The new <br />building will be a "~reen•' facility. They are <br />trying for LEAD Platinwn certification. <br />They will be taking advantage of <br />technologies: using solar for a lot of interior <br />lighting, reusing drainage water for bus <br />washing, etc. <br />Both Mr. Hardy and Ms. Kolata appreciated <br />the cooperation of all involved to facilitate <br />this change of plans. Transpo will be <br />considering matching resolutions at its <br />meeting May 18. Two properties needed for <br />the Transpo site have not yet been acquired. <br />Once they are acquired, closing is expected <br />by June 18. <br />Mr. Gibney noted what a great event this is. <br />Transpo is going to locate in the heart of <br />South Bend. We asked them to move from <br />