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County-City Building Phone 311 inside City limits <br /> 227 W Jefferson Blvd,Suite 1400 S SOL3T R a� Email 311@southbendin.gov <br /> South Bend,IN 46601 :10�6 "1 Website Southbendin.gov <br /> A, <br /> James Mueller,Mayor C9,l'y <br /> 10 d <br /> •P„AC , e <br /> x +► x <br /> 1865 <br /> City of South Bend <br /> Department of Community Investment <br /> Filed in Clerk's Office <br /> November 19,2024 <br /> rwi 2 0 L._tom. <br /> Sharon McBride Bianca Tirado <br /> President, South Bend Common Council City Clerk, South Bend, IN <br /> 4`'' Floor, County-City Building <br /> South Bend, IN 46601 <br /> Re: Resolution to Approve of the Written Order of the Area Plan Commission Regarding the <br /> Proposed Tax Increment Finance("TIF")Area Expansion <br /> Dear President McBride: <br /> Enclosed for consideration by the Common Council is a resolution which approves of the written order of <br /> the South Bend Plan Commission(the"SBPC")evidenced by a resolution adopted by the SBPC on <br /> November 18 (the"SPBC Resolution"), in connection with the proposed expansion of the various TIF <br /> Areas located in the City of South Bend(the"City"). The APC Resolution approved of action taken by <br /> the South Bend Redevelopment Commission(the"Redevelopment Commission")on October 24, 2024 to <br /> adopt declaratory resolutions for the purpose of: <br /> • designating and declaring certain areas within the City to be redevelopment areas and an <br /> allocation area for purposes of tax increment financing to expand the existing River East <br /> Development Area(the"River East Area"); adding certain parcels of property to the River East <br /> Area property acquisition list;and approving an amended and restated development plan for the <br /> River East Area(the"River East Plan");and <br /> • designating and declaring certain areas within the City to be economic development areas and <br /> allocation areas for purposes of tax increment financing to expand the existing River West Area; <br /> adding certain parcels of property to the River West Area property acquisition list;and approving <br /> an amended and restated plan for the River West Area(the"River West Plan"); and <br /> • designating and declaring certain areas within the City to be redevelopment areas and allocation <br /> areas for purposes of tax increment financing to expand the existing South Side Area; adding <br /> certain parcels of property to the South Side Area property acquisition list;and approving an <br /> amended and restated plan for the South Side Area(the"South Side Plan") <br /> The purpose of the proposed TIF expansion is to more accurately reflect the boundaries of the <br /> redevelopment and economic development areas in the City in light of the ongoing development plans for <br /> the City. Moreover,the realignment serves the inter-related goals of fiscal stewardship, economic <br /> development, and neighborhood revitalization.Through this action, the City will be able to address <br /> infrastructure,grow community assets,and aid development projects to support a high quality of life, <br /> while also continuing a proactive approach to job creation and new investment. This resolution is part of <br />