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