11-27-18 Personnel and Finance - Laserfiche WebLink

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®CITY OF SOUTH BEND OFFICE OF THE CLERK Dr. Mueller replied, The support is not an ongoing commitment. The program can continue, but it's a discreet investment that is allowed. Committee Chair White asked,James,didn't we recently start utilizing TIF dollars for professional services? I think that just happened for the last two (2) years. Dr.Mueller replied, In an effort to take a burden off the General and Income Tax Funds,we moved a lot of the staffing and professional services that the Redevelopment Commission needs over to TIF funds. That is to relieve the General and Income Tax Funds and place the burden there. Committee Chair White followed up, There has always been conversations in regards to public safety utilizing TIF funds. I know one (1) time we were told that the City of West Lafayette was able to do that. So are you aware of any cities that are looking at the public safety component? Dr. Mueller replied, We can get a full legal read on it. Our understanding is that it is not. There are things we hear about that some cities do with TIF that we then check with legal counsel and they give us a recommendation. Councilmember Tim Scott interjected, I think they got sued. Dr. Muller stated, Yes, cities do things but they may not be legal. So we have to be careful when we use examples of other cities because some of those may not be legal. Dr. Mueller continued, So, we talked about this (referencing a slide in the presentation) in the budget presentation. This is just a look at the revenue stream in each development area. If you look at 2018 in the middle and the bottom,it is the River West Development area.The reason why there is that bump up is there is the one(1)time relinquishment dollars from INDOT for taking on MLK Boulevard from Mitt Road to the Marion roundabout. You have to subtract $4.1 million from that to get closer to what our property tax revenues are in that fund for this year. The next one (1) in green is the River East Development Area and there are two(2)parts to that.There is the residential component that really is there to pay off the Eddy Street Bonds that have been issued. From our perspective and from a reporting light, it is aggregated but from an operational or strategic standpoint, we don't really necessarily even think about those dollars because they are committed to the debt service on the Eddy Street bonds. We'll get to what is left in a little bit. He went on,The South Side is the next biggest and West Washington is pretty small. At this point it is about$300,000 per year or$350,000 per year. And then Douglas Road, we have been passing that through to the General Fund and other taxing jurisdictions for the last couple of years with the eye toward closing it. The one (1) caveat there is the County is looking to do a road project there and we have some public works infrastructure in where the road project would go and there is likely to be some cost burden on us. So we may look at this as an avenue for that. Committee Chair White stated,When we are looking at those TIF districts, some of them will have an ending time regardless. EXCELLENCE ACCOUNTABILITY INNOVATION I INCLUSION I EMPOWERMENT 455 County-City Building 227 W.Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 f 574.235.9173 TTD 574.235.5567 www.southbendin.gov 5