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Filed in Clerk's Offia <br /> 4SpUTH,& <br /> JUIN 04 2018 <br /> w a <br /> PEACE <br /> KAREEMAH FOWLEi <br /> x 1865 x CITY CLERK,SOUTH BEh: Iv <br /> CITY OF SOUTHBEND <br /> COMMUNITY INVESTMENT <br /> JAMES MUELLER, EXECUTIVE DIRECTOR <br /> May 25, 2018 <br /> Mr.Tim Scott, President <br /> South Bend Common Council <br /> 4th Floor County-City Building <br /> 227 W.Jefferson <br /> South Bend, IN 46601 <br /> Re: Releasing Assessed Value from Douglas Road TIF Area for 2018pay2019 <br /> Dear Council President Scott: <br /> At a public meeting held May 24, 2018, the South Bend Redevelopment Commission made the <br /> necessary findings under Indiana Code 36-7-14 determining that all the assessed value in Allocation <br /> Area No. 1 of the Douglas Road Economic Development Ara may be allocated to the respective taxing <br /> units. Notice of the Commission's action was sent to South Bend Common Council members that date. <br /> Attached is a resolution formally approving release of the TIF increment to be collected from the <br /> Douglas Road TIF Area for tax pay year 2019. This TIF is close to finishing the projects originally <br /> expected from it. Once the last project is completed, we will close this TIF area. <br /> I will present this resolution at your June 11 Council meeting. Please let me know if you have any <br /> questions. Thank you. <br /> Sincerely, <br /> ei <br /> Elizab" Leonard In s <br /> Director Redevelopment F ance <br /> DANIELJ.BUCKENMEYER ALKEYNA ALDRIDGE PAMELA MEYER TIM C:ORCORAN <br /> BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMU'NITY RESOURCES <br /> EXCELLENCE ACCOUNTABILITY ', INNOVATION INCLUSION EMPOWERMENT <br /> 14005 County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p574.235.9371 www.southbendin.gov <br />