2. Minutes of 2-8-11 Meeting - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting -February 8, 201 1 West Washington-Chapin Development Area the amount appropriated is $1,056,000; in the Central Medical District the amount appropriated is $1,960,000; in the Northeast Neighborhood Development Area the amount appropriated is $400,000; in the South Side Development Area #1 the amount appropriated is $3,496,000; in the South Side Development Area #2 the amount appropriated is $3,420,000; in the South Side Development Area #3 the amount appropriated is $500,000; in the Douglas Road Economic Development Area the amount appropriated is $492,000; and in the Northeast Neighborhood Residential TIF area the amount appropriated is $2,400,000. Mr. Varner asked how much of the $35M is for debt service. Ms. Leonard responded that the debt service accounts for $13 M-$14M of the $35M. Mr. Varner asked whether the $72M in anticipated revenue includes 2011 revenue. Mr. Inks responded that in the past we did not appropriate revenue anticipated to be received in the December 31 current year distribution. It is pretty hard to spend money you receive on the last day of the year. However, the city budgets on that basis. The Controller has asked us to conform to that budget cycle. Ms. Jones opened the public hearing on the appropriations for all of the TIF districts for anyone who wished to speak. Mr. David Bollinger: I object to the whole proposal of the South Side Main/Lafayette connector and roundabout. If you look at the map it is going to create a bottleneck at South Michigan, Ireland Road and Main Street, PUBLIC HEARING ON RESOLUTIONS NO.2819 (AEDA), No. 2820, (SBCDA), No. 2821 (WWCDA), NO. 2822 (DOWNTOWN MEDICAL, No. 2823 (NNDA), No. 2824 (SSDA #1), No. 2825 (SSDA #2), No. 2826 (SSDA #3), No. 2827 (DREDA), AND N0.2828 (NNDA #2) 7