HomeMy WebLinkAbout5B5 Budget Request (2023 Non-Project Budget (Redevelopment Commission)
Redevelopment Commission Agenda Item
DATE: 11/8/22
FROM: Caleb Bauer, Executive Director of DCI
SUBJECT: 2023 Non-Project Budgets
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:
This request is for the 2023 non-project budgets for Redevelopment Controlled Funds. This only covers
necessary professional services, debt services, and interfund transfers out for debt service and interest
earnings. All other budget requests will be requested as needed in 2022 for project / development
agreement items.
River West TIF $8,872,314
• $431,253 professional services
• $3,874,615 debt service principal
• $641,946 debt service interest & fees
• $3,924,500 interfund transfers out for debt service
River East Residential $4,929,204
• $30,000 professional services
• $464,883 debt service principal
• $30,446 debt service interest & fees
• $4,403,875 interfund transfers out for debt service
South Shore Double Tracking Debt Service $1,030,125
• $720,000 debt service principal
• $310,125 debt service interest & fees
Redevelopment General $767,500
• $4,500 professional services
• $763,000 interfund transfers out for debt service
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION