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South Bend Redevelopment Commission
Staff Report
Airport Economic Development Area TIF Appropriation No. 2
Prepared June 9, 2011
The Appropriation Resolution is for an additional $8.5 million. Together with the
original appropriation of $13.745 million, the total appropriations will be $22.245
million. In the original appropriation about $4.4 million was for debt service, $4.5
million was for specific projects and another $4.8 million was available for a number of
other projects that might happen (sort of a Development Opportunity Reserve).
Since the original appropriation, $4.6 million of the Development Opportunity Reserve of
$4.8 million has been allocated to specific projects. The schedule attached to this Staff
Report shows in the first column the amounts of all projects currently allocated, including
this $4.6 million, and the remaining Development Opportunity Reserve of $177,225. The
second column shows the proposed Appropriation and how that would be initially
allocated. $4.9 million will be for specific projects as listed and $3.6 million would be
added to replenish the Development Opportunity Reserve to fund other projects listed in
the AEDA Strategy.
Brief descriptions of the specific projects being funded in this appropriation are noted
below.
Oliver Plow Site Improvements is the $200,000 committed for the development of a new
facility for ABC Supply Company. The Commission sold land at Oliver Plow Park for
this Project. Oliver Plow Partners, L.P. plans to construct an approximately 40,000 SF
building (of which 5,500 SF is office and showroom) at a cost of $1,750,000 for its tenant
ABC Supply Company. The project will retain 10 existing jobs and one part-time job
with a total annual payroll of $419,958, while adding two more positions totaling $65,000
per year.
The Mayflower Road Realignment & Improvements project is for $2.5 million. This
work will include the construction of a new roadway, all related drainage and utility
work, street lights and pedestrian trail. The work will also include a new traffic signal at
Mayflower Boulevard and Cleveland Road.
The Mayflower Trunk Sewer is for $2.0 million. This work will include the construction
of a new sewer force line that will intercept sewage at the intersection of Mayflower and
Brick and force the material to the Blackthorn Lift Station located on Nimtz Parkway.
There will be additional sewer network configuration that will be part of this project that
will free up capacity in the existing network on the northwest side of town.
LaSalle Square Acquisition for $200,000 is related to an elderly housing project which
the Commission has committed to acquiring land for. Sterling Development, LLC plans
to construct a 4 -story building with 72 units dedicated to low - income senior housing at
LaSalle Square. The project cost is estimated at approximately $8,000,000.
City of South Bend
Airport Economic Development Area
1st 2nd 2011
Appropriation Appropriation Total
Total Debt Service
4,434,575
4,434,575
Original Airport Economic Development Area
Airport Industrial Park - South Shore Trail
1,085
1,085
Blackthorn Capital Equipment
53,599
53,599
Blackthorn Corp. Park Marketing (33.03)
25,000
25,000
Blackthorn Golf Course Strategic Plan (31.06)
10,000
10,000
Blackthorn Miscellaneous Expense (36.01)
50,000
50,000
Blackthorn Owners Association Dues (36.01)
40,000
40,000
Bosch Facility Holding Costs
40,000
40,000
Criminal Correction Facility - Public Infrastructure (Trade Drive)
381,342
381,342
Commerce Drive Extension/ Sheridan (41.01) (39.82) (42.03)
108,290
108,290
Maplewood Acquisition
49,300
49,300
Olive Extension No. to Adams
425,874
425,874
Olive - LWW to Nimtz Engineering; ROW Acquisition & Construction
730,027
730,027
Voorde Park
22,000
22,000
Original Sample Ewing Development Area
Ignition Park - Acquisition /Relocation /Demolition - East
462,720
462,720
Ignition Park - Acquisition /Relocation /Demolition - South
584,068
584,068
Ignition Park - Acquisition /Relocation /Demolition - West
27,736
27,736
Ignition Park - Coordination (Hathaway 2 & rental space) (31.06)
104,165
104,165
Ignition Park - Infrastructure (MIND Commitment) (31.02) & (42.02)
1,608,434
1,608,434
Ignition Park - Marketing /Branding (Blue Waters) (31.06)
774,696
774,696
Ignition Park - Miscellaneous Acquisitions
9,465
9,465
Ignition Park - Overlay Zone (31.06)
43,361
43,361
Ignition Park - Planning (31.06)
440,500
440,500
Ivy Tech Expansion Acquisitions - East Sample
1,374,765
1,374,765
Oliver Plow Memorial
679,596
679,596
Oliver Plow Site Improvements
9,175
200,000
209,175
Studebaker /Oliver Project
6,368,256
6,368,256
Cotter Street Construction
50,000
50,000
Portage Prairie
Cleveland Road /Dylan /Brick Intersection
1,222
1,222
Interchange Design & Environmental Study
138,676
138,676
Mayflower Road Realignment & Improvements
46,087
2,500,000
2,546,087
Mayflower Trunk Sewer - East of bypass
88,820
2,000,000
2,088,820
LaSalle Square Area
Acquisition
12,000
200,000
212,000
Areawide
Animal Shelter
1,423,478
1,423,478
City Professional Services - Legal
75,000
75,000
Conduit - (Metronet)
60,000
60,000
Property Maintenance
45,000
45,000
Other
30,391
30,391
Total Projects
16,394,128
4,900,000
21,294,128
TOTAL PROJECTS & DEBT SERVICE COMMITTED 20,828,703 4,900,000 25,728,703
Available Development Opportunity Reserve 177,225 3,600,000 3,777,225
TOTAL BUDGETED 21,005,928 8,500,000 29,505,928
2/8/11 Appropriation (Resolution #2819) 13,745,000
Encumbrances carried forward from 2010 7.260.930
Total Appropriated for 2011 21,005,930
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