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Councilmember Rouse expressed concern about the city losing focus by tapping pools of funds <br />for purposes beyond the funds original intent. For example, the "major moves" dollars totaling <br />over $12.8 million, generating $600,000 a year in interest originally intended for.neighborhood <br />infrastructure were, in fact, being diverted for other purposes. <br />Councilmember Henry Davis opened the door to discussion of the appropriate use of TIF funds. <br />How much is in the various funds and what can it be used for? <br />Councilmember Kirsits echoed the same query. Don Inks, in response, had a spiral bound report <br />answering all such questions. (see attached) It includes a summary of all revenues and <br />expenditures along with a history of both, maps, and 3-year projections. In an effort to develop <br />full understanding of TIF from its earliest days, former City Attorney Rich Hill supplemented Inks' <br />handout with one of his own. (see attached) <br />Councilmember Varner cautioned the advisability of taking along-view when looking at TIF areas <br />and use of dollars they generate. <br />With must to digest, Council President Dieter adjourned the meeting at 8:00 p.m. <br />Respectfully Submitted, <br />Derek D. Dieter, President <br />South Bend Common Council <br />