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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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• <br />• <br />0 <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 />Northeast Development Area #2 <br />ANTICIPATED TIF REVENUE - 2010 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />Eddy Street Commons <br />Triangle Residential Development <br />Description <br />$24,339 <br />Payments totalling $1,983,080 due in 2009, but will be made from capitalized interest <br />None <br />Support for new retail and hotel development <br />Site improvements to facilitate new housing development <br />
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