Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting – August 28, 2014 <br />6. NEW BUSINESS (CONT.) <br />B. Northeast Neighborhood Development Area <br />(1) continued... <br />The proposed schedule to implement the boundary change process is: <br />8/25/14 – Redevelopment Commission Declaratory Resolutions passed <br />9/16/14 – Area Plan Commission to review for alignment with the City's development <br />plan and adopt an approving order <br />9/22/14 – Common Council Declaratory Resolution for approval <br />9/23/14 – Upon approval by Area Plan Commission and Common Council, notices will <br />be mailed and published for a public hearing at the Commission's October 16' meeting <br />10/16/14 – Redevelopment Commission Confirming Resolution presented for <br />consideration <br />Staff requests approval of Resolution No. 3227, 3228, and 3229, to begin the process of <br />amending the plans for the AEDA, NNDA, and SSDA, and to authorize the publication of a <br />notice of public hearing. <br />Mr. Wruble asked what the plan was for the Scottsdale Pool. Mr. Ford answered there are no <br />plans, but we consider it an opportunity and this is the first step in enabling us to do something. <br />Dr. Varner noted that it is a problem which has been ignored for about 25 years and the City will <br />ultimately have to address it so he asked Mr. Ford to include it in the boundary change. <br />Dr. Vamer noted he had read in the 8/28/14 newspaper that this boundary change would result in <br />an increase in acreage and was somewhat surprised by that. He would like to see staff prepare <br />information for the public on the expected revenues for the TIF districts, as modified, over the <br />next 3 -4 years. It would also be helpful to note how this affects the City's General Fund. <br />Mr. Ford responded that we have received a draft of the financial information from Umbaugh <br />and anticipate that information to be a key part of the on -going presentations on this matter. <br />Initial indications are that these changes will help to alleviate the impact of the circuit breaker <br />law on the City's finances because we are increasing a larger denominator —you have more <br />assessed value —which reduces the pressure of the circuit breaker which enables the City levy to <br />capture more of its anticipated levy. It will also have a direct cash benefit as it will increase the <br />funds going to the other taxing units. <br />5 <br />