Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting — October 25, 2011 <br />Improvement Program for property located at <br />104 S. Ironwood Drive (Clyde J. Gilvin, Jr. <br />and Donita J. Gilvin). <br />D. South Bend Central Development Area <br />(1) Resolution No. 2951 expanding the <br />boundaries of the South Bend Central <br />Development Area, expanding the <br />Allocation Area for the purposes of tax <br />increment financing and amending the <br />Development Plan for the South Bend <br />Central Development Area. <br />Mr. Kain noted that on September 27, 2011, <br />he reported to the Commission regarding the <br />Howard Park Master Plan and the Transpo <br />site and spoke about residential development <br />on that site. This is the declaratory resolution <br />to expand the South Bend Central <br />Development Area boundary to include a <br />portion of the Transpo site that is currently <br />outside the development area as well as some <br />other parcels adjacent to Transpo that are <br />non - compatible uses. The primary function <br />of the expansion would be to allow the city to <br />help with infrastructure work when the <br />Transpo site redevelopment takes place. The <br />Department of Public Works prepared a <br />budget totaling approximately $1.5 million <br />for infrastructure over the next few years as <br />the Transpo project takes off. The expansion <br />of the SBCDA would allow the city to assist <br />with that infrastructure. The next step is to <br />take the resolution to the Area Plan <br />Commission, the Common Council and back <br />to the Redevelopment Commission final <br />approval. Staff is asking for approval of <br />Resolution No. 2951. <br />Mr. Varner expressed his concern about <br />residential tax revenue accruing to a TIF <br />