HomeMy WebLinkAbout5C1 Budget Request (Douglas Road Reimbursement)
Redevelopment Commission Agenda Item
DATE: 09/23/21
FROM: Amanda Pietsch – Director of Finance DCI
SUBJECT: Douglas Road Request – Resolution 3530
Funding Source* (circle one) River West; River East; South Side; Douglas Road; West Washington; RDC General
*Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller,
then the authorization of the expenditure of such funds shall be void and of no effect.
Purpose of Request:
Pursuant to Resolution 3530 passed March 11, 2021, staff would like to report on Douglas Road
TIF revenue collections and request budget of $91,370 to repay a portion of the obligation to the
Sewer Rehab Capital Account for the relocation and replacement of the Douglas Road Lift
Station.
June 2021 collections were received in the amount of $91,369.17. The total obligation of the
interfund loan is $300,517.13, leaving $209,147.96 after this repayment. Assuming this level of
TIF collections remains constant, staff anticipates satisfying the obligation with the December
2022 collections.
Staff will provide another report when December 2021 collections are received.
INTERNAL USE ONLY: Project ID: PROJ ;
Total Amount – New Project Budget Appropriation $_______________;
Total Amount – Existing Project Budget Change (increase or decrease) $_______________;
Funding Limits: Engineering: $_____________________; Other Prof Serv Amt $_______________;
Acquisition of Land/Bldg (circle one) Amt: $___________; Street Const Amt $________________;
Building Imp Amt $_________; Sewers Amt $_________; Other (specify) Amt $ ________________
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
RESOLUTION NO. 3530 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION COMMITTING FUNDS FROM THE DOUGLAS ROAD ECONOMIC DEVELOPMENT AREA TO REIMBURSE EXPENDITURES RELATED TO THE RELOCATION AND
REPLACEMENT OF THE DOUGLAS ROAD LIFT STATION WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the governing body of the South Bend, Indiana, Department of Redevelopment (the "Department") and of the Redevelopment District of the City of South Bend, Indiana, exists and operates under
the provisions of IC 36-7-14, as amended from time to time (the "Act"); and
WHEREAS, the Douglas Road Economic Development Area was established by the Commission in February 2006 through Declaratory Resolution No. 2199 and Confirming Resolution No. 2206; and
WHEREAS, in late 2018, the City of South Bend (the "City") was advised by St. Joseph County (the "County") that the City's existing thirty-two (32) year old lift station on Douglas Road near S.R. 23, which serves the Douglas Road Economic Development Area, was in the County's right of way and would need to be moved at the City's expense in order to accommodate
the County's Douglas Road widening project; and
WHEREAS, in September 2020, the City, acting by and through its Board of Public Works, entered into an agreement with the St. Joseph County Board of Commissioners to reimburse the County for twenty percent (20%) of the cost of relocating and replacing the lift
station, subject to the County's federal reimbursement of eighty percent (80%) of the remaining
cost (the "Agreement"); and WHEREAS, the City's portion of the winning bid for the relocation and replacement of the aging lift station amounted to Three Hundred Thousand Five Hundred Seventeen and 13/100
Dollars ($300,517.13) (the "City's Portion"), payable upon invoice, which invoice was received and paid per the Agreement; and WHEREAS, the City, having paid the City's Portion to the County from the City's Sewer Rehab Capital Account, desires to reimburse the Sewer Rehab Capital Account from the tax
increment financing amounts collected from the Douglas Road Economic Development Area; and WHEREAS, pursuant to Section 39(b)(2)(G) of the Act and Resolution No. 2206, funds from the Douglas Road Economic Development Area may be used to reimburse the City for
expenditures for local public improvements, such as infrastructure serving the area; and WHEREAS, the relocation and replacement of the lift station will benefit the Douglas Road Economic Development Area.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1.That tax increment funds collected from the Douglas Road EconomicDevelopment Area shall be used to reimburse the City for expenditures, including change orders, related to the relocation and replacement of the Douglas Road lift station as set forth in the
Agreement.
2.That, at the next regular meeting of the Commission after the collection of taxincrement funds from the Douglas Road Economic Development Area, the Department Staff shall report to the Commission the following information:
A. the amount collected;B. the amount to be reimbursed to the Sewer Rehab Capital Account;C. the amount remaining due and owing to the Sewer Rehab Capital Account; andD. the approximate date on which the Sewer Rehab Capital Account shall be paidin full.
3. This Resolution shall be in full force and effect after its adoption.
ADOPTED at a meeting of the South Bend Redevelopment Commission held electronically on March 11, 2021, as authorized by the Governor's Executive Order 20-09, as
subsequently renewed by Executive Orders 20-17, 20-25, 20-30, 20-34, 20-38, 20-41, 20-44, 20-
47, 20-49, 20-52, 21-03, and 21-05.
SOUTH BEND REDEVELOPMENT COMMISSION
________________________________ Marcia I. Jones, President
ATTEST:
________________________________
Quentin M. Phillips, Secretary