11-27-18 Personnel and Finance (TIF)

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CITY OFSOUTH BEND OFFICE OF THE CLERK Mr. Corcoran stated, We are signing contracts next week and we should be doing a kickoff either in January or February with the main workshop in March. Dr. Mueller stated, South Shore has gotten a lot of attention. I know Jitin sent an update a little bit ago. An announcement happened in August and there was talk of an additional study as there were unanswered questions about downtown as well as the airport. We had hoped to move quicker on getting that study commissioned but we are looking to commission that in the next few weeks and get that study underway so we have answers. I think Jitin sent a rough scope of what we are looking at so if there is anything else that Council Members are wanting to see, please reach out to Vice President Davis who has had a lot of issues and interest in that matter. Dr. Mueller continued, As we said at that time, there is a preference but it is a partnership and NICTD operates the rail.There are certain sites that we like,too,that they have taken off the table. Council President Tim Scott stated, I'm trying to get that set up with the County just like we did for the Food and Beverage Tax meeting. It looks we are trying for December 6th but I need to get with you,James. I can move it out to the start of next year,too. We are trying to get the Mishawaka Council, the St. Joseph County Council, NICTD and us all into one (1) room. It's like trying to catch Big Foot riding a unicorn. Dr. Mueller stated, Yeah, so obviously no imminent decision there. A lot of basic fact finding is yet to be done. I think once the study is commissioned, they estimate six (6) to eight (8) months. So we are looking at next summer before we get those answers back. Otherwise there is a lot of infrastructure. Like I said,there is water capital that is part of the River West obligations and other needs that arise. Dr. Mueller continued, The South Side Development Area had $7.8 million cash carried forward this year. We are expecting about $1.7 million of revenue, $1 million of which will be in December. The proportions and estimates of this is a bit of an art. Beth Leonard,our fiscal officer, has been doing it for many years. And we are never right and we can never project spot on as it is very volatile but this is the art of estimation. When it actually happens,we don't know. Sometimes we are surprised for the better, sometimes we are surprised for the worst. Earlier this year, we found that the revenue is projected to be about $1 million less in the River West TIF than we had expected. It fluctuates. There is about $7.3 million committed and $1 million pending, there are projects that are under discussion but there haven't been any formal commitments. One(1)of them is the Scottsdale Pool and,like I said,we don't have land control right now but is something people have wanted to see. Council Members and people in the south side area have been consistent in their advocacy for it. It is something we are working toward. This year, a lot of the spending in the South Side Development Area, and over the last few years, has been almost exclusive on public works and parks projects.There is nothing wrong with that but there are needs and desires to move the neighborhoods forward. One (1) of the ideas is a realignment of the South Side Development Area to include the longer-term plan of Calvert Boulevard to Riley High School in the South East Master Plan. We are going to bring a resolution forward to formally adopt that. Mr. Corcoran stated, It is going through the Legal Department right now. Dr. Mueller stated, The Miami Hills Apartments, I believe there were questions and discussion EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION I EMPOWERMENT 455 County-City Building 227 W.Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 f 574.235.9173 TTD574.235.5567 www.southbendin.gov 13