Laserfiche WebLink
South Bend Redevelopment Commission <br /> Regular Meeting–August 28, 2014 <br /> • 5. OLD BUSINESS <br /> There was no Old Business. However, Ms. Schey wanted to thank both Lawrence Meteiver, <br /> Commission Attorney and Cheryl Phipps, Commission Recording Secretary for their years of <br /> service to the City. Both of them are retiring as of August 29, 2014. They were honored with a <br /> round of applause from those in attendance. <br /> 6. NEW BUSINESS <br /> A. South Bend Central Development Area <br /> There was no business in the South Bend Central Development Area. <br /> B. Northeast Neighborhood Development Area <br /> (1) Resolution 3228 designating and declaring certain areas as redevelopment areas and <br /> adding certain territory from the South Bend Central Development Area for the <br /> purpose of amending the boundaries of the Northeast Neighborhood Development Area <br /> and the Northeast Neighborhood Development Area Allocation Area No. 1 and <br /> approving an amendment to the Development Plan for said area <br /> Mr. Relos asked that the presentations on item 6B(1), 6C(1)and 6 E(1)be made together as <br /> • they are inter-related. The Commission approved the combined presentation. <br /> Mr. Ford explained the resolutions being considered initiate the process for re-aligning <br /> several of our TIF districts. This is an opportunity for fiscal stewardship, economic <br /> development and following through with the plan-driven redevelopment agenda. By <br /> amending these area's plans to realign their boundaries,the Commission will be able to <br /> strategically focus its resources on current priorities while also retiring those TIF districts <br /> that have successfully served their purpose. It is important to note,with these proposed <br /> changes,the percentage of current assessed value of the TIF areas will go from 30.6%to <br /> 30.8%--roughly a flat amount. By changing the boundaries we are able to capture the <br /> locations of several of the City's current priorities. <br /> Key aspects of the proposed realignment include: <br /> Airport Economic Development Area (AEDA)–Expansion to include targeted areas along <br /> Lincolnway West and Western Avenue that are the focus of the 2014 Main Streets <br /> Revitalization Plan—also referred to as"the Corridor Plan", as well as a portion of the <br /> SBCDA(Downtown TIF) and the Central Medical Development Area that are west of the St. <br /> Joseph River. <br /> Central Medical Development Area(CMDA)–Will retire one year early, at the end of 2014, <br /> which will release that increment and reset the base. That will have a positive <br /> • <br /> 3 <br />