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No. 2591 determining that the tax increment which may be collected in the year 2010 is needed to satisfy obligations of the commission and that no excess assessed value may be allocated to the respective taxing units and other related matters
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No. 2591 determining that the tax increment which may be collected in the year 2010 is needed to satisfy obligations of the commission and that no excess assessed value may be allocated to the respective taxing units and other related matters
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10/18/2012 1:10:04 PM
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• <br />t <br />i <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 2010 <br />Douglas Road Economic Development Area <br />ANTICIPATED TIF REVENUE - 2010 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />Douglas Road Improvements <br />Predevelopment <br />Property Management <br />Description <br />$126,039 <br />Payments due for 2010 total $171,296 <br />None <br />Road reconstruction to support new development <br />Predevelopment costs including appraisals, title work, & misc. expenses <br />Maintenance of Redevelopment owned property <br />
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