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No. 3160 Appropriating Tax Increment Financing Reveues from Allocation Area No. 1A Fund for the payment of Certain obligations and expenses to the South Bend Central Development Area
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No. 3160 Appropriating Tax Increment Financing Reveues from Allocation Area No. 1A Fund for the payment of Certain obligations and expenses to the South Bend Central Development Area
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EXHIBIT A <br />SOUTH BEND CENTRAL DEVELOPMENT AREA- FUND 420 <br />2014 BUDGET SUMMARY <br />2014 <br />Appropriation <br />Debt Service: <br />Debt Service Payments 2,881,966 <br />Total Debt Service 2,881,966 <br />Infrastructure Projects Underway, Not Completed: <br />Hill & Colfax 58,600 <br />Wayne Street Garage Facade 129,950 <br />Total Infrastructure Underway, Not Completed 188,550 <br />Other Activities: <br />Downtown South Bend, Inc. <br />250,000 <br />Legal & Professional Fees <br />77,500 <br />Main & Jefferson Parking Lot - Management <br />17,000 <br />St. Joseph & Jefferson Parking Lot - Management <br />17,000 <br />Miscellaneous fees for Real Estate Development (includes holding <br />75,000 <br />costs; prop. Maintenance, etc.) <br />Total Other Activities <br />436,500 <br />Development Opportunity Reserve: <br />2,160,695 <br />Infrastructure Planned: <br />(Could include the following projects) <br />Colfax Avenue Streetscape <br />East Jefferson Improvements <br />Hoffman Hotel <br />LaSalle Hotel <br />Total Infrastructure Planned <br />0 <br />Total Appropriation <br />5,667,711 <br />
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