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South Bend Redevelopment Commission <br />Regular Meeting —March 8, 2011 <br />infrastructure in to support that area, the city <br />has seen significant investment there by the <br />private sector, even more then originally <br />projected. That investment has generated <br />revenue at an even faster rate than had been <br />projected which allows us to pay off the <br />bonds early so that the city can now release <br />that AV. The Mayor commended the staff for <br />putting the tools in place to terminate the <br />Erskine Commons TIF area so the assessed <br />value can now serve the school corporation <br />and our libraries, South Bend Parks as well <br />as other local units of government. <br />Mr. Inks acknowledged Mr. Schalliol who <br />was responsible for virtually all the planning <br />on the south side. He worked very closely <br />with the developers for Erskine Commons <br />and Erskine Village and it's through Mr. <br />Schalliol's efforts that a lot of what's <br />happened on the south side actually occurred. <br />It is a tremendous success. <br />Mr. Varner asked what the necessary <br />improvements are for the U.S. 31 project. <br />Mr. Schalliol responded that staff is looking <br />at all those requirements. We anticipate some <br />additional projects and that some studies will <br />have to be done. A connector is being <br />considered from Fellows to Chippewa and <br />some other improvements in that <br />Fellows /Ireland intersection. There should be <br />sufficient funds in Allocation Area No. 1 to <br />do those.. <br />Mr. Varner questioned whether the amount <br />of money needed to complete the South Side <br />Development Area projects might be <br />overestimated and what would happen to the <br />extra funds? How much flexibility would <br />there be with such funds? Mr. Schalliol <br />responded that staff has asked legal counsel <br />