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6/ 15/2010 <br />CITY OF SOUTH BEND, INDIANA <br />Department of Community & Economic Development <br />Determination of TIF Need by Reviewing Potential Projects <br />for Calendar Year 2011 <br />South Bend Central Development Area <br />ANTICIPATED TIF REVENUE - 2011 <br />DEBT SERVICE <br />Debt Service Payments (1990 and 2003 bonds) <br />Increases in Debt Service Reserves <br />PROJECTS <br />American Trust Place -Design/Construction <br />Coveleski Neighborhood/Park <br />Downtown South Bend, Inc. <br />Downtown Street Improvement <br />Eas[ Bank Plan/2 Phases <br />Fat Daddies Holding &Pre-development <br />Hall of Fame -Planning <br />Hill & Colfax Mixed Use Development <br />Jon Hunt Plaza Site Improvements <br />LaSalle Hotel Holding Costs <br />Legal Fees <br />Main & Jefferson Parking Lot <br />Main & Western -Site Clean-up <br />Manor Project <br />Palais Retail Space <br />Predevelopment <br />Rink Site Development <br />St. Joseph & Jefferson Parking Lot <br />Synagogue Reuse <br />WNIT -Parking and Fapade <br />Description <br />$4,061,228 <br />Debt Service payments of $2,087,052 due in 2011 <br />Funds necessary to keep Debt Services Reserves at appropriate levels <br />Restoration of historic building fapade <br />Improvements to ballpark and development of surrounding area <br />On-going commitment to assist in streetscape enhancement <br />Various street improvements to enhance downtown <br />On-going planning for East Bank area <br />Improvements to block at St.Joseph & Monroe <br />Planning for adaptive re-use of Hall of Fame building <br />New development at eastern edge of East Bank area <br />Improvements to public space <br />Costs to hold building until new development project is underway <br />Legal fees to further downtown development <br />Expenses related to operation of parking lot <br />Curb. greenspace and striping improvements <br />Site clean-up and holding costs <br />Miscellaneous improvements to commercial space <br />Appraisal, title, survey, etc. <br />Miscellaneous costs relating to eventual development of site <br />Management of parking lots <br />Renovate for reuse compatible to development area <br />Completion of improvements <br />F:\DATA\SHARE\ECONDEV\Tax Increment Financing\Projected TIF need 2010 .xls <br />