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No. 2705 determining the tax increment which may be collected in the year 2011 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. 2705 determining the tax increment which may be collected in the year 2011 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 12:53:08 PM
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5/31/2011 4:03:29 PM
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• <br />• <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 2011 <br />Airport Economic Development Area <br />ANTICIPATED TIF REVENUE - 2011 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />LaSalle Square <br />Ignition Park (MIND) <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 />Trade Drive <br />Olive Road Extension <br />Cotter Street Construction <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 />Animal Shelter Construction <br />Legal Fees <br />Conduit Construction <br />Property Management <br />Job Training <br />Western Avenue I &M Improvements <br />Description <br />$11,369,886 <br />Debt Service payments totalling $4,139,640 due in 2011. <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 />Marketing costs for Corporate Park <br />Dues to support work of Owners Association <br />Extend Commerce Drive to Sheridan <br />Improve 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 />Engineering and road construction to promote new development <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 />Construction of new animal shelter facility <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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