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10 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 />u <br />South Bend Central Development Area <br />ANTICIPATED TIF REVENUE - 2010 <br />DEBT SERVICE <br />Performance Bonds Held <br />Debt Service Payments (1990 and 2003 bonds) <br />Increases in Debt Service Reserves <br />PROJECTS <br />1st Source Public Improvements <br />American Trust Place - Design /Construction <br />Coveleski Park Study & Plan Implementation <br />Downtown South Bend, Inc. <br />Downtown Street Improvement <br />Fat Daddies Holding & Pre - development <br />Hill & Colfax Mixed Use Development <br />Jon Hunt Plaza Site Improvements <br />LaSalle Hotel Holding Costs <br />Legal Fees <br />Main & Jefferson Parking Lot <br />Main & Western - Site Clean -up <br />Michigan Street - Street and Sidewalk Enhancement <br />Palais Retail Space <br />Predevelopment <br />REI - Parking Garage <br />Rink Site Development <br />St. Joseph & Jefferson Parking Lot <br />Studebaker Admin Building Project <br />Synagogue Relocation <br />TCU Town Plaza <br />WNIT - Parking and Fagade (incl. acq. /demo of 322 W. Jefferson) <br />Description <br />$3,688,956 <br />Debt Service payments of $2,243,220 due in 2010 <br />Funds necessary to keep Debt Services Reserves at appropriate levels <br />Improvements in public right -of -way <br />Restoration of historic building fagade <br />Improvements to area surrounding Coveleski Park <br />On -going commitment to assist in streetscape enhancement <br />Various street improvements to enhance downtown <br />Improvements to block at St.Joseph & Monroe <br />New development at eastern edge of East Bank area <br />Improvements to public space <br />Costs to hold building until new development project is underway <br />Legal fees to further downtown development <br />Expenses related to operation of parking lot <br />Curb, greenspace and striping improvements <br />Street and sidewalk enhancements along Michigan Street <br />Miscellaneous improvements to commercial space <br />Appraisal, title, survey, etc. <br />Hotel and parking garage development at Jefferson /St. Joseph Streets <br />Miscellaneous costs relating to eventual development of site <br />Management of parking lots <br />Provide parking to facilitate development <br />Relocate historic structure for strategic integration within redevelopment area <br />Parking improvements to TCU area <br />Improvements to facilitate new use for soon -to -be vacated building <br />F: \DATA \SHARE \ECONDEV\Tax Increment Financing \Projected TIF need 2010 .xls <br />7/7/2009 <br />