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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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N <br />14 <br />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 />South Bend Central Development Area <br />ANTICIPATED TIF REVENUE - 2012 <br />DEBT SERVICE <br />Debt Service Payments (1990 and 2003 bonds) <br />Increases in Debt Service Reserves <br />PROJECTS <br />Coveleski Neighborhood /Park <br />Downtown South Bend, Inc. <br />Downtown Street Improvement <br />East Bank Plan /2 Phases <br />Fat Daddies Holding & Pre - development <br />Hall of Fame - Planning <br />Hill & Colfax Mixed Use Development <br />LaSalle Hotel Holding Costs <br />Legal Fees <br />Main & Jefferson Parking Lot <br />Main & Western - Site Clean -up <br />Predevelopment <br />St. Joseph & Jefferson Parking Lot <br />WNIT - Parking and Facade <br />6/23/2011 <br />Descriation <br />$4,515,666 <br />Debt Service payments of $1,917,885 due in 2012 <br />Funds necessary to keep Debt Services Reserves at appropriate levels <br />Improvements to ballpark and development of surrounding area <br />On -going commitment to assist in streetscape enhancement <br />Various street improvements to enhance downtown <br />On -going planning for East Bank area <br />Improvements to block at St.Joseph & Monroe <br />Planning for adaptive re -use of Hall of Fame building <br />New development at eastern edge of East Bank area <br />Costs to hold building until new development project is underway <br />Legal fees to further downtown development <br />Expenses related to operation of parking lot <br />Curb, greenspace and striping improvements <br />Appraisal, title, survey, etc. <br />Management of parking lots <br />Completion of improvements <br />F:\ DATA\ SHARE \ECONDEV\FPM \Budgets \Budget 2012 \Projected TIF need 2011 .xIs <br />
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