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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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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 />Airport Economic Development Area <br />ANTICIPATED TIF REVENUE - 2010 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />LaSalle Square <br />Ignition Park (MIND) <br />Bendix Drive Improvemens <br />Bendix/Voorde Intersection <br />Blackthorn Corporate Park Marketing <br />Blackthorn Owners Association Dues <br />Commerce Drive Extension <br />Progress Drive <br />Cleveland Road /Dylan Drive /Brick Road Intersection <br />Eagle Way <br />Foundation Drive <br />Lincolnway /Olive /Pine <br />Nimtz Concrete Repair <br />Olive Road Extension <br />Public Safety Training Facility <br />Champion Drive <br />Underground Pipe & Valve <br />Transpo Utility Relocation <br />Oliver Industrial Houses <br />Real Services - New Curbs /walks @ Main & Stull <br />Ivy Tech Expansion Acquisitions <br />Portage Prairie <br />St. Vincent Renovation /New Tech High School <br />Legal Fees <br />Conduit Construction <br />Property Management <br />Project Impact <br />Western Avenue I &M Improvements <br />• <br />Description <br />$9,500,276 <br />Debt Service payments totalling $4,129,233 due in 2010 <br />Funds necessary to keep Debt Services Reserves at appropriate levels <br />Planning, acquisition, and infrastructure improvements to redevelop area <br />Site assemblage, planning & infrastructure to promote new development <br />Design and road construction to support new development <br />Improvements to intersection to improve traffic flow <br />Marketing costs for Corporate Park <br />Dues to support work of Owners Association <br />Extend Commerce Drive to Sheridan <br />Extend Progress Drive from Sheridan to airport <br />Improvements to intersection to improve traffic flow <br />Road construction to support new development <br />Road construction to support new development <br />Acquisition of right of way and road construction to support development <br />Repairs to current roadway to facilitate traffic flow <br />Engineering and road construction to promote new development <br />Street Improvements to support public safety training facility <br />Engineering and road construction to promote new development <br />Demolition to make way for new development <br />Support development of new Transpo Maintenance facility <br />Support development of Oliver Industrial Park <br />Curb & sidewalk construction to support Real Services campus <br />Acquisitions to facilitate expansion of Ivy Tech campus <br />Engineering and road construction to promote new development <br />Acquisition and renovation to support alternative high school <br />Legal fees to further downtown development <br />Expansion of conduit to support development throughout the area <br />Maintenance of Redevelopment owned property <br />Job training services to increase resident's skill sets <br />Site improvements to enhance and protect neighborhoods <br />
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