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SoLith Bend Rede vclopm ent Comnilssioll <br />ReschedUled e Ular Meeting ..__._ clay , 0 <br />6. NEW BUSINESS (CONT.) <br />1, Northeast Neighborhood rh Development Ar <br />(1) continued... <br />rt-esidcnti �l TIF �` listrict. survey services <br />are needed to write the legal descriptions of <br />the two TIF districts: a new lc al description <br />for the residential TIF and a revised <br />description l7or the remaining TIF district. <br />Thc proposal is rom Lamy li ency <br />. soci,ttes for a fee of S500. <br />Mr. Schalhol. noted that the timeline for <br />coniffle -ti n of heels related to this project is <br />very condensed bec -aLIsc the development <br />aareemcnt between Kitc and l 'otre tame <br />requires Kitc to begin work- on A.UgUSt I . <br />r1,11c city needs to have e-Al l of its public <br />processes conipleted before the August I <br />date as well. <br />'Mr. Peczkowski asked if making this a TIF <br />district is the only way to accomplish this <br />project_ Mr. Scl alliol responded that the <br />N'N"DA is already a TIF allocation area. State <br />law allows for the collection of residential <br />increment. The residential and commercial <br />TIC' working together will create fundin. g and <br />resources to be able to bond for the public <br />improvements related to this project. <br />Mr. Icing noted that this does not include <br />only the Eddy Street Commons. It Includes <br />the "'triangle" area that is being redeveloped <br />by the Northeast Neighborhood Revita- <br />lization Organization. <br />Mr_ pec kowsl i asked to see who the owners <br />are of the parcels shown in proposed <br />residential TI. ' area. Mr. Sc alliol responded <br />36 <br />