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No. 2905 determining the tax increment which may be collected in 2011 is needed to satisfy obligations of the commission and that no access assessed value may be allocated to the respective taxing units and other related matters
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No. 2905 determining the tax increment which may be collected in 2011 is needed to satisfy obligations of the commission and that no access assessed value may be allocated to the respective taxing units and other related matters
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10/18/2012 11:46:27 AM
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1/11/2012 12:23:43 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 />Douglas Road Economic Development Area <br />ANTICIPATED TIF REVENUE - 2012 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />Street Improvements <br />Bus Shelters <br />C� A06, <br />Description <br />$627,225 <br />Payments due for 2012 total $231,409* <br />None <br />Right turn lane at intersection of SR23 <br />Various locations throughout area <br />*NOTE: Expect to use any additional receipts to accelerate debt service <br />payments. Total outstanding debt @ 6/23/11 = $1,664,617.79. <br />
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