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Home My WebLink About6E 2020 TIF Management ReportCITY OF SOUTH BEND, INDIANA Department of Community Investment Review of TIF Funds - Report to Common Council from Redevelopment Commission As required under IC 36-7-14-13 4/15/2021 Page 1 River East River West*West Washington River East*South Side #1 Douglas Road Residential* Items Fund 324 Fund 422 Fund 429 Fund 430 Fund 435 Fund 436 Total Revenue received in 2020 (all sources)22,045,151 246,422 3,059,362 3,171,100 1,154 5,324,035 33,847,224 Expenses paid in 2020 (less D/S)13,854,544 152,721 5,501,295 217,025 96,143 0 19,821,727 Amount paid on debt service in 2020 10,165,573 0 0 0 0 4,358,953 14,524,526 Encumbrances @ 12/31/2020 4,145,155 250,822 2,382,187 664,940 16,108 0 7,459,212 Cash Balance as of December 31, 2020 29,039,261 1,127,293 5,864,278 12,586,134 93,140 4,678,334 53,388,440 Outstanding Debt @ 12/31/2020 61,809,617 0 0 0 0 51,289,519 113,099,136 Maturity Dates and Principal Amounts of Outstanding Debt: AEDA 2003 (refinanced 2011) - 8/1/2024 DS-006 3,905,000.00 Police & Fire Bond 2003 (refi 2012) - 1/15/2023 DS-039 3,670,000.00 TJX Bond - 12/31/2021 (refinanced 2014)DS-012 470,000.00 Main/Colfax Garage - 9/15/2025 DS-013 875,207.00 Public Works Service Building - 2/1/2021 DS-036 289,410.00 Century Center 2008 (refinanced 2013) - 5/1/2026**DS-062 1,920,000.00 Downtown 2003 (refinanced 2011) - 8/1/2024 DS-005 6,855,000.00 Smart Streets Bond of 2015 - 1/15/2037 DS-135 21,630,000.00 TIF Parks Bond of 2018 - 2/1/2033 DS-169 10,255,000.00 South Shore Double Tracking Bonds DS-200 7,715,000.00 2020 TIF Library Bonds DS-210 4,225,000.00 Eddy Street Commons Bond - 2/1/2033 DS-054 24,530,000.00 Major Moves (ESC) - 2/15/2026***DS-085 1,040,537.17 Major Moves (Triangle) - 2/15/2029***DS-084 938,982.27 Eddy Street Commons Bond, Phase II - 2/15/2037 DS-163 24,780,000.00 Also attached are lists of all parcels in each TIF district allocation area--showing the base and increment amounts by parcel. **Debt is backed by Hotel/Motel Taxes which are paid to Fund 324 each year. Fund 324 then pays debt. ***Interfund debt, not shown in State's Gateway. S:\CommInvest\Business Development\Commissions & Committees\Redevelopment Commission Admin\2021\04.08.21\2020 TIF Management Report CITY OF SOUTH BEND, INDIANA Department of Community Investment Review of TIF Funds - Report to Common Council from Redevelopment Commission As required under IC36-7-14-13 4/15/2021 Page 2 River East River West*West Washington River East*South Side #1 Douglas Road Residential* Expenditures by Account Category Fund 324 Fund 422 Fund 429 Fund 430 Fund 435 Fund 436 Total Services & Charges - Professional Services (31)1,082,199.71 54.53 82,783.76 140,498.35 96,142.50 - 1,401,678.85 Services & Charges - Communication & Transportation (32)- - - - - - - Services & Charges - Printing & Advertising (33)- - - - - - - Services & Charges - Insurance (34)- - - - - - - Services & Charges - Utility Services (35)- - - - - - - Services & Charges - Repairs & Maintenance (36)- - - - - - - Services & Charges - Rentals (37) (except for Capital Lease pymts--show under D/S)500,000.00 - - - - - 500,000.00 Services & Charges - Other (39)119,952.92 - - - - - 119,952.92 Capital - Land (acquisition)- - - - - - - Capital - Buildings (acquisition plus improvements)6,276,473.62 78,413.72 4,643,676.00 23,471.51 - - 11,022,034.85 Capital - Improvements other than Building 2,040,558.33 - 340,083.92 44,496.50 - - 2,425,138.75 Capital - Machinery, Equipment & Vehicles - - - - - - - Capital - Other - - - - - - - Capital - Infrastructure (42.03 Street & Alleys & 42.04 Sewers)3,835,359.27 74,252.25 434,751.11 8,558.75 - - 4,352,921.38 Capital - Construction - - - - - - - Capital - Books & Other Media - - - - - - - Interfund Transfer - - - - - - Debt Service - Tax Anticipation Warrrants - Principal - - - - - - - Debt Service - Tax Anticipation Warrrants - Interest - - - - - - - Debt Service - Bonds & Other Debt - Principal (incl. bond pymts via interfund transfer) 7,276,850.00 - - - - 2,019,383.00 9,296,233.00 Debt Service - Bonds & Other Debt - Interest (incl. bond fees & pymts via interfund transfer)2,888,722.70 - - - - 2,339,570.00 5,228,292.70 Total 24,020,116.55 152,720.50 5,501,294.79 217,025.11 96,142.50 4,358,953.00 34,346,252.45 Grants given to entities as reported in State's Gateway: 2020 Expended 2020 Entity Name (Project, if different)Project # Description Amount Budget Comments Area Bald Mountain LLC PROJ00000007 Building Imp.- 120,324 RW Block and Landscape Concept Plans - Jon Hunt Plaza PROJ00000120 Engineering 31,120 31,120 RW Catalyst III / Press Ganey PROJ00000010 Building Imp.810,149 925,000 RW Gemini Permanent Supportive Housing - South Bend Heritage Foundation PROJ00000035 Building Imp.894,562 1,000,000 RW Greenleaf Holdco LLC PROJ00000211 Building Imp.- 508,672 RW Liberty Tower Exterior PROJ00000044 Building Imp.87,478 167,085 RW South Bend Chocolate (Chocolate Factory Sewer)PROJ00000012 Engineering 609,848 823,207 RW Wells Fargo Parking Garage PROJ00000092 Building Imp.451,398 451,398 RW Vested Interest PROJ00000088 Building Imp.108,039 122,586 RW 315/319 W. Jefferson PROJ00000004 Building Imp.116,472 116,472 RW Commerce Center PROJ00000019 Building Imp.4,643,676 4,999,923 RE Wharf Development PROJ00000087 Building Imp.432,660 443,055 RE Kizer Mansion - 803 W. Washington PROJ00000041 Building Imp.- 218,800 WW Washington/Colfax Apartments - South Bend Heritage Foundation PROJ00000036 Building Imp.78,414 152,323 WW CITY OF SOUTH BEND, INDIANA Department of Community Investment Review of TIF Funds - Report to Common Council from Redevelopment Commission As required under IC36-7-14-13 4/15/2021 Page 3 Current Members @ 12/31/20 Title Marcia I. Jones President Donald E. Inks Vice President Quentin Phillips Secretary Troy Warner Member Jake Teshka Member Leslie Wesley Member-School Board Appointee Employees Redevelopment Commission uses staff from the Department of Community Investment as budgeted under Council approved Fund 211. Commission does not have separate employees.