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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 />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 />South Bend Central Development Area <br />ANTICIPATED TIF REVENUE - 2011 <br />DEBT SERVICE <br />Debt Service Payments (1990 and 2003 bonds) <br />Increases in Debt Service Reserves <br />PROJECTS <br />American Trust Place - Design /Construction <br />Coveleski Neighborhood /Park <br />Downtown South Bend, Inc. <br />Downtown Street Improvement <br />East Bank Plan /2 Phases <br />Fat Daddies Holding & Pre - development <br />Hall of Fame - Planning <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 />Manor Project <br />Palais Retail Space <br />Predevelopment <br />Rink Site Development <br />St. Joseph & Jefferson Parking Lot <br />Synagogue Reuse <br />WNIT - Parking and Facade <br />6/15/2010 <br />Description <br />$4,061,228 <br />Debt Service payments of $2,087,052 due in 2011 <br />Funds necessary to keep Debt Services Reserves at appropriate levels <br />Restoration of historic building fagade <br />Improvements to ballpark and development of surrounding area <br />On -going commitment to assist in streetscape enhancement <br />Various street improvements to enhance downtown <br />On -going planning for East Bank area <br />Improvements to block at St.Joseph & Monroe <br />Planning for adaptive re -use of Hall of Fame building <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 />Site clean -up and holding costs <br />Miscellaneous improvements to commercial space <br />Appraisal, title, survey, etc. <br />Miscellaneous costs relating to eventual development of site <br />Management of parking lots <br />Renovate for reuse compatible to development area <br />Completion of improvements <br />F: \DATA \SHARE \ECONDEV\Tax Increment Financing \Projected TIF need 2010 .xIs <br />
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