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HomeMy WebLinkAbout5A2 Budget Request (Property acquisition for future Coal Line Multiuse Trail)CITY OF SOUTH BEND REDEVELOPMENT COMMISSION Redevelopment Commission Agenda Item DATE: November 12, 2019 FROM: Chris Dressel 0-0 SUBJECT: Budget Request (Property acquisition for future Coal Line Multiuse Trail) 07 Which TIF? (circle one _iver West; River East; South Side; Douglas Road; West Washington PURPOSE OF REQUEST: Staff requests the Redevelopment Commission's approval of $221,765 budgeted for acquisition of partial properties necessary for the future Coal Line Multiuse Trail. Property acquisition will entail purchase of 9 vacant parcels from 8 different property owners. Project construction is expected to commence in Spring 2021 and be completed by end of 2022. If you should have any questions or need more information, please feel free to contact me at either cdressel@southbendin.gov or 235-5847. INTERNAL USE ONLY: Project Code: Total Amoun ew hange (inc/dec) in budget: $221,765 ; Break down: Costs: En !nee ring Amt: ; Other Prof Sery Anit lui Bldg (circle one) Amt' 221 74 S ;Street Const AmtB;Sewers Amt ; Other (specify) Amt: Is this item ready to encumber now? Going to BPW for Contracting< J Existing PO#. Inc/Dec $ EXCELLENCE ACCOUNTABILITY! INNOVATION I INCLUSION 1 EMPOWERMENT 1400S County -City Building 227W. Jefferson Blvd. South Bend, Indiana 46601 I p 574.235.9371 f 574.235.9021 ; www.southbendin.gov