2004 Performance Based Budget - Laserfiche WebLink

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MAJOR CAPITAL PROJECT DESCRIPTION FOR S'EA.RS 2005 - 2008 Activity Date 2005 $ 600,000 2006 300,000 2007 300,000 2008 300.000 TOTAL $1,500,000 Fundin Source Sample-Ewing Development Area Tax Increment Fund (SEDA TIF) Community Development Block Grant (CDBG), County Option Income Tax (COIT), and General Fund Projected On oing_Operating Cost Impact Qperating costs may increase slightly due to the acquisition and clearance of deteriorated buildings. Given our experience in the balance of tYie Sample-Ewing Development Area (SEDA) project, operating costs for maintenance, clean-up acid mowing could total $5,000 a year while the Cityholds the property. This will not be an on-goin€; costs and as sites are sold the operating costs will be reduced. Airport Economic Development Area (AEDA TIFI/ $15,000,000 (2005-2008) Blackthorn Area -Small Scale Projects This prof ect consists of the development of infrastructure and other public improvements in the 2300 acres of land surrounding the South Bend Regional Airport. Activities to be undertaken include the construction of interior streets and roads, including all utilities, lighting, signage, and landscaping elements. Construction and preservation of wetland and other open space amenities, project area signage, and golf course improvements are also included under this category. These capital prof ects support the large scale projects funded under the Blackthorn Area -Major Projects (above) and corresponds to specific, detailed project area land use plans and specific private-public sector development projects. Activity Date 2005 $ 7,000,000 2006 4,000,000 2007 2,000,000 2008 2.000.000 TOTAL $15,000,000 Fundin Source Airport Economic Development Area (Blackthorn) Tax Increment Fund (AEDA TIF) and TIF Revenue Bond Projected Ongoing. Operating Cost Impact See comments for Blackthorn Area Major projects. D-37