Laserfiche WebLink
<br />South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br /> <br /> <br /> <br />Redevelopment Commission Agenda Item <br /> <br />DATE : September 9, 2024 <br /> <br />FROM: Chris Dressel, Staff <br /> <br />SUBJECT: Funding Request – Professional Services (legal <br />description) for Forthcoming TIF expansion <br /> <br /> <br />Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. <br />* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the <br />authorization of the expenditure of such funds shall be void and of no effect. <br /> <br />PURPOSE OF REQUEST: Request for funds in the amount of $6,450 to support amendment of TIF boundary legal <br />description for forthcoming TIF expansion process <br /> <br />SPECIFICS: The City of South Bend plans to expand its TIF districts in the Fall of 2024. The expansion is expected <br />to add approximately 200 property parcels within 3 TIF districts (River East, River West and South Side). Legal <br />Description services are required to accompany and document the process. These services are expected to <br />include the following: <br /> <br />• Creation of updated legal descriptions for the various TIF Districts of the City of South Bend reflecting <br />the proposed boundary changes. <br />• Legal descriptions will be amendments to the existing TIF District boundaries and to include full parcels <br />and adjacent rights-of-way. <br /> <br />The request breakdown is as follows: <br /> <br />Cost $2,150 per TIF Area: $2,150 – River East <br /> $2,150 – River West <br /> $2,150 – South Side <br /> $6,450 - TOTAL <br /> <br /> <br /> _________________________Pres/V-Pres <br /> <br />ATTEST: __________________Secretary <br /> <br />Date: ____________________ <br /> <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION