Loading...
HomeMy WebLinkAbout5C1 Budget Request (Howard Park) Redevelopment Commission Agenda Item DATE: September 13, 2018 FROM: Aaron Perri, Executive Director – Venues Parks & Arts SUBJECT: Budget Request (Howard Park) Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington PURPOSE OF REQUEST: River East TIF Funding for Howard Park Specifics: In 2015, a plan was conceived to remove and replace the 50+ year old Howard Park ice skating rink, which had far exceeded its useful life expectancy. At that time, the strategy was a simple repair and replacement of the rink, without any other consideration for the entirety of Howard Park or the adjacent riverfront parks and trails. The estimate for the original basic project was $1.5 million, to be funded by the River East TIF. After a 9-month community visioning process and 12-month design process, we now have a more comprehensive framework for the shared community spaces along the river. The City of South Bend is also now the beneficiary of nearly $12 million worth of private grants and partnership funding to implement these plans. The request before you will leverage those private dollars in addition to $1.9 million from the River East TIF to be used specifically in the redevelopment of Howard Park. This is an $18 million-dollar construction project which includes a new ice skating and interactive water feature, a signature playground, a new community center, an event lawn, improved accessibility, and enhanced site amenities. In partnership with the Department of Community Investment as well the residents and stakeholders who have helped envision this project, we appreciate your support of this request. INTERNAL USE ONLY: Project Code: 17J031_________________________________________ ; Total Amount new/change (inc/dec) in budget: $1.9M___________; Break down: Costs: Engineering Amt: ______________________; Other Prof Serv Amt_________________; Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt ________________; Building Imp Amt_________; Sewers Amt_________; Other (specify) Amt: ________________ ___________________________________________. Going to BPW for Contracting? Y/N Is this item ready to encumber now? ____ Existing PO#__________ Inc/Dec $_____________