Recommending Thresholds & Criteria be Developed When Public Tax Dollars Assist in Economic Developoment with Private Sector

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Derek D. Dieter President City of South Bend Common Council 441 County -City Building . 227 W. Jefferson Blvd (574) 235 -9321 South Bend, Indiana 46601 -1830 Fax (574) 235 -9173 http://www.southbendin.gov ■ Processes used for awarding and monitoring TIF Oliver J. Davis ■ Whether TIFs were "being committed at the expense of neighborhood Sixth District priorities" Derek D. Dieter ' Recommendations for improvements so that there would be a "greater and At Large consistent return", improved communications; improved transparency, etc. ■ Working in "priority" areas in neighborhoods Gavin Ferlic ■ Forming policies to "minimize the possibility of favoritism ", etc. At Large In light of Bill No. 8 1 -11 being continued to the February 27th Council meeting at Karen L. White the request of Mayor Buttigieg, we thought that having discussions on the it At Large addressed in the attached resolution would prove helpful. ems We look fo and t discussing this with you further. WE Off vi 6th St oun Memb r "a Distri ouncil Member JOHN �� 3 may c✓,.. Attachment February 8, 2012 Oliver J. Davis Vice- President The South Bend Common Council 4"' Floor County -City Building Karen L. White South Bend, Indiana 46601 Chairperson, Committee of the Whole Re: Proposed Resolution to Assist in Leveraging Private Sector Economic Tim Scott Development First District Dear Council Members: Henry Davis, Jr. Second District We are sponsoring the attached resolution in the interest of promoting discussions Valerie Schey on meaningful methods and criteria as to when city dollars may be appropriate to Third District stri be used to help leverage economic development with the private sector. Fred Ferlic In October 2011, the Report of the Task Force on Baltimore City Public /Private Fourth District Development Financing Efforts was published. In addition to recommendations for the City of Baltimore, it highlighted "best practices" from other communities David Varner which focused on: Fifth District ■ Processes used for awarding and monitoring TIF Oliver J. Davis ■ Whether TIFs were "being committed at the expense of neighborhood Sixth District priorities" Derek D. Dieter ' Recommendations for improvements so that there would be a "greater and At Large consistent return", improved communications; improved transparency, etc. ■ Working in "priority" areas in neighborhoods Gavin Ferlic ■ Forming policies to "minimize the possibility of favoritism ", etc. At Large In light of Bill No. 8 1 -11 being continued to the February 27th Council meeting at Karen L. White the request of Mayor Buttigieg, we thought that having discussions on the it At Large addressed in the attached resolution would prove helpful. ems We look fo and t discussing this with you further. WE Off vi 6th St oun Memb r "a Distri ouncil Member JOHN �� 3 may c✓,.. Attachment