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City of South Bend
<br />Community Economic Development
<br />2006 Capital Budget Expenditures
<br />!'~oJ. c[ T;tle Proj~~tii?aa.N14NSe 2WU Reitueit. 2066C4uactl 2'606 Citq" 20060ther Fund[n(t 20060ther .2006^C1trPf` '200G Ptojeet *2fMG Hrrpe nded '2066"C. ay Fo r. aid Uvdv )C)re ri
<br /> Approved Source oC -8ourcc flame Fundla¢.g porvardAmt AdJuatments Amt - Eap.~d. d.
<br /> '-Fonda 0aureeAmt. ~ -
<br />TJX Bonds Repayment o(bond financing for TJX/AJ Wright $ 508,515 $ 391,970 40 414 $ 116,545 $ - $ 391,970 $ - $ -
<br /> Distribution Center Project
<br />Gateway (Point of Entry) Project seeks to replace City Gateway entry signs into $ - $ - 404 $ 67,000 $ 29,370 $ 37,630 -
<br />Signage -Design end South Bend. Ten signs have bcen [abricated and
<br />Installation installation will begin in 2006 to erect the signs. Project
<br /> also to develop a Tourism Point-o(-Interest signage program '
<br />. for the City.
<br />Button Retail Study The Buxton Retail Study is a citywide retail analysis to $ - $ - 404 $ 15,000 $ 3,000 $ 12,000 $ -
<br /> determine the commercial retail viability of certain areas
<br /> within the City. The project studied 4 areas within the City
<br />' and the downtown will also be a major focus study area.
<br />Ireland Rd. Project coordinated with Public Works & Park Depts to $ - $ 404 Main & Lafayette $ 350,000 $ 775,836 $ 197,282 $ 928,554 $ (350,000)
<br />Design/Spec/Streetsca develop long-term stotvtwater drainage solution for Miami Crossover Project
<br />pe Improvements & Ireland area. Changes to Erskine Golf Course and
<br /> provide new development sites as well.
<br />Commercial Corridors Mayors Initiative to provide funding for various gateway $ 1,104,377 $ 1,104,377 404 $ 502,649 $ - $ 774,829 $ 688,243 $ 143,954
<br /> corridors into the City. Lincolnway West; Western Avenue;
<br /> Miami Street-, Portage Avenue; end South Gateway (i.e. S.
<br /> Main and S. Michigan Streets) are the Cocus o[ these eRorLs.
<br /> Activities ere est
<br />TJX - VRP Participation The City is required to pay a.portion of these environmental $ 87,796 $ 87,800 404 1 $ - $ 54,366 33,434 -
<br /> casts up to $200,000. Expect all these funds to be used
<br /> eventually, but the timing is not within our control '
<br />South Bend Stamping - $ 1,589,965 $ 780,472 $ 658,974 $ 150,519
<br />Anchor Debt Service Repayment of dcbt related to Anchor project $- 81,250 $ 81,250 404 $ - $ 81,250 $ - $ -
<br />$ 3,288,289 $ 3,171,748 Z 966,545 53,920,777 S 480,627 $ 3,330,508 S 2,816,858 $ 1,425,786
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<br />West Ireland Road Allow (or major improvement of Ireland Road including $ 4,720 $ 4,720 408 New TIF Bond $ 1,970,000 $ 91,039 $ - $ 95,334 $ 240 185
<br />Improvement Project additional lanes and new utilities. Required as pert oC the
<br /> commitment package to the development team and must be
<br /> completed by 10/31 /06
<br />Ford Property Demo & Demolition of 3 properties City acquired in 2005. The City $ 46,280 $ 46,280 408 404 $ 3,550 $ 9,631 $ 40,275 $ (76)
<br />Site Prep acquired as part oC a blight reduction program. All 3
<br /> properties are located on S. Michigan Street end need to be
<br />- - demolished and prepaze site in anticipation of future site
<br /> redevelopoment.
<br />United Drive Relocation $ 299,513 $ 298,161 1,353 $ (1)
<br />$ 51,000 S 51,000 S 1,970,000 S 394,102 $ - $ 403,126 >< 41,868 108
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