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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 />South Bend Central Development Area <br />ANTICIPATED TIF REVENUE - 2014 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />Downtown South Bend, Inc. <br />Downtown Street Improvement <br />East Bank Plan /2 Phases <br />Hall of Fame - Planning <br />LaSalle Hotel Holding Costs <br />Legal Fees <br />Main & Jefferson Parking Lot <br />Main & Western - Site Clean -up <br />Predevelopment <br />St. Joseph & Jefferson Parking Lot <br />Veteran's Clinic <br />Hill & Colfax Pre - development <br />East Jefferson Streetscape Improvements <br />Colfax Avenue Streetscape Improvements <br />7/2/2013 <br />Description <br />$4,392,328 <br />Debt Service payments of $2,881,966 due this year <br />Funds necessary to keep Debt Services Reserves at appropriate levels <br />On -going commitment to assist in streetscape enhancement <br />Various street improvements to enhance downtown <br />On -going planning for East Bank area <br />Planning for adaptive re -use of Hall of Fame building <br />Costs to hold building until new development project is underway <br />Legal fees to further downtown development <br />Expenses related to operation of parking lot <br />Curb, greenspace and striping improvements <br />Appraisal, title, survey, etc. <br />Management of parking lots <br />Annual payments for acquisition thru 2015 <br />Drainage, etc. improvements to development area <br />Various street improvements to enhance East Bank area <br />Various street improvements to enhance East Bank area <br />S: \Comminvest \Management \Financial Working Files \Finance \Budgets \Budget 2014 \Projected TIF need 2014..x15 <br />
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