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No. 1349 expanding the boundaries of the AEDA, expanding the allocation area for purposes of TIF and amending the AEDA development plan
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No. 1349 expanding the boundaries of the AEDA, expanding the allocation area for purposes of TIF and amending the AEDA development plan
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10/18/2012 2:33:47 PM
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10/5/2011 2:58:09 PM
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Public Improvements <br />In order to stimulate and facilitate new development and expansion in <br />the Area, the City of South Bend will construct the following <br />improvements in the Area, depending on the availability of funds: <br />1. Widening, construction and other improvements relating to new <br />or existing roads. <br />2. Extension or construction of utilities such as water mains, storm <br />and sanitary sewers and other improvements needed to serve the <br />Area. <br />3. Other infrastructure improvements such as internal streets, <br />lighting, landscaping, sidewalks, curbs, etc., as needed to serve <br />the Area. <br />4. Other public improvements, as necessary for the project. <br />These public improvements will be phased as funds become available. <br />PROJECT PROPOSALS <br />Property Acquisition <br />The Land Acquisition Plan Map (Map 3) and Property Acquisition List <br />(Table 1) indicate real property to be acquired for economic <br />development purposes. <br />After acquisition, the Redevelopment Commission will sell or lease the <br />property to a purchaser or lessee at its fair market value, excepting <br />those cases when the property is sold or leased to another public body <br />pursuant to Indiana Code 36- 7- 14 -22(a) or 36- 1 -11 -8, for uses in <br />accordance with the Plan. <br />7 <br />
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