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South Bend Redevelopment Commission <br />Regular Meeting — August 28, 2014 <br />6. NEW BUSINESS (CONT.) <br />B. Northeast Neighbohood Development Area <br />(1) continued <br />effect on the other local taxing units. This area will then be reincorporated into the expanded <br />AEDA. <br />Douglas Road Economic Development Area (DREDA) — We are looking to expedite the <br />retirement of this TIF by 2018, if not earlier, as we repay the debt service commitments from <br />the TIF area. <br />Northeast Neighborhood Development Area (NNDA) — Will expand to include a portion of <br />the SBCDA (Downtown TIF). That portion being the area east of the St. Joseph River as <br />well as an area between LaSalle and Wayne west of Eddy, and along Northside Boulevard <br />and along Mishawaka Avenue until Adams High School and IUSB (their western edge). <br />South Bend Central Development Area ( SBCDA or Downtown TIF) — Will retire and be <br />reallocated with those portions west of the St. Joseph River to join the AEDA and that which <br />is east of the River will be joined the NNDA. It will also include contraction of the <br />Studebaker Museum campus. <br />South Side Development Area (SSDA) — Expansion will include the Scottsdale Community <br />Center on York Road —the abandoned pool which we see as a future redevelopment <br />opportunity. We will retire the Erskine Village Association area when debt is fully repaid in <br />or about 2018. <br />West Washington Chapin Development Area (W WCDA) — We will realign a portion of the <br />south and east area into the AEDA and will seek to retire this area by 2018. <br />With the expected retirement of TIF areas as mentioned, in or about 2018, we would have <br />only 3 TIF areas remaining within the City: AEDA, NNDA, and SSDA. <br />The realignment process itself has presented an opportunity to improve the accuracy of our <br />information. Through a parcel by parcel analysis, DCI staff have been able to update the <br />records on over 1,120 parcels and eliminate discrepancies between City and County records <br />for over 890 properties. This information will enable more precise budgeting and improve <br />our collections. <br />4 <br />