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06-28-11 Packet
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6/28/2011 10:16:15 AM
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6/24/2011 12:16:20 PM
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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 2012 <br />Airport Economic Development Area <br />ANTICIPATED TIF REVENUE - 2012 <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 />Blackthom Owners Association Dues <br />Commerce Drive Extension <br />Progress Drive <br />Cleveland Road /Dylan Drive /Brick Road Intersection <br />Trade Drive <br />Olive Road Extension <br />Cotter Street Construction <br />Underground Pipe & Valve <br />Oliver Industrial Houses <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 />Mayflower Trunk Sewer & Road Re- alignment <br />Bendix Drive - Cleveland to Lathrop <br />Description <br />$13,638,587 <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 />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 Oliver Industrial Park <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 />Sewer and road construction to support new development <br />Upgrade /improve roadway <br />
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