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No. 3148 Determining that the tax increment which may be collected in the year 2014 is needed to satisfy obligations of the Commission and that no excess assessed value may be allocated to the respective taxing units and other related matters
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No. 3148 Determining that the tax increment which may be collected in the year 2014 is needed to satisfy obligations of the Commission and that no excess assessed value may be allocated to the respective taxing units and other related matters
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CITY OF SOUTH BEND, INDIANA <br />Department of Community Investment <br />Determination of TIF Need by Reviewing Potential Projects <br />for Calendar Year 2014 <br />Airport Economic Development Area <br />ANTICIPATED TIF REVENUE - 2014 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />LaSalle Square <br />Ignition Park <br />Blackthom Corporate Park Marketing <br />Blackthorn Owners Association Dues <br />Commerce Drive Extension <br />Progress Drive <br />Cleveland Road /Dylan Drive /Brick Road Intersection <br />Trade Drive <br />Olive Road Extension <br />Cotter Street Construction <br />Oliver Industrial Houses <br />Ivy Tech Expansion Acquisitions <br />Portage Prairie <br />Legal Fees <br />Conduit Construction <br />Property Management <br />Job Training <br />Mayflower Trunk Sewer & Road Re- alignment <br />Bendix Drive - Cleveland to Lathrop <br />Commercial Corridors <br />Vacant & Abandoned Demolitions <br />Auten Road Construction <br />Eagle Way <br />Description <br />$13,470,000 <br />Debt Service payments totalling $3,561,979 due this year <br />Funds necessary to keep Debt Services Reserves at appropriate levels <br />Planning, acquisition, and infrastructure improvements to redevelop area <br />Site assemblage, planning & infrastructure to promote new development <br />Marketing costs for Corporate Park <br />Dues to support work of Owners Association <br />Extend Commerce Drive to Sheridan <br />Improve Progress Drive from Sheridan to Airport <br />Improvements to intersection to improve tragic flow <br />Road construction to support new development <br />Engineering and road construction to promote new development <br />Engineering and road construction to promote new development <br />Support development of Oliver Industrial Park <br />Acquisitions to facilitate expansion of Ivy Tech campus <br />Engineering and road construction to promote new development <br />Legal fees to further downtown development <br />Expansion of conduit to support development throughout the area <br />Maintenance of Redevelopment owned property <br />Job training services to increase resident's skill sets <br />Sewer and road construction to support new development <br />Upgrade /improve roadway <br />Upgrades to Lincolnway West and Western Avenue Corridors <br />Demolitions of unsafe structures in neighborhoods <br />Engineering and road construction to promote new Development <br />Engineering and road construction to promote new development <br />S: \Comminvest \Management \Financial Working Files \Finance \Budgets \Budget 2014 \Projected TIF need 2014..xis <br />
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