HomeMy WebLinkAbout5A3_RDC Budget Request TIF Expansion Funding [Legal Description Services] - Signeda� South Bend
:= Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Redevelopment Commission Agenda Item Pres/V-Pres
DATE: September9, 2024 ATTEST: _ �retary
FROM: Chris Dressel, Staff Date:
SUBJECT: Funding Request — Professional Services (legal 7APPROVED ❑ Not Approved
description) for Forthcoming TIF expansion SOUTH BEND REDEVELOPMENT COMMISSION
Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; DC Genera Riv. East Res.
* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by ntroIler, then the
authorization of the expenditure of such funds shall be void and of no effect.
PURPOSE OF REQUEST: Request for funds in the amount of $6,450 to support amendment of TIF boundary legal
description for forthcoming TIF expansion process
SPECIFICS: The City of South Bend plans to expand its TIF districts in the Fall of 2024. The expansion is expected
to add approximately 200 property parcels within 3 TIF districts (River East, River West and South Side). Legal
Description services are required to accompany and document the process. These services are expected to
include the following:
• Creation of updated legal descriptions for the various TIF Districts of the City of South Bend reflecting
the proposed boundary changes.
• Legal descriptions will be amendments to the existing TIF District boundaries and to include full parcels
and adjacent rights -of -way.
The request breakdown is as follows:
Cost $2,150 per TIF Area: $2,150 — River East
$2,150 — River West
$2,150 — South Side
$6,450 - TOTAL
EXCELLENCE ! ACCOUNTABILITY INNOVATION INCLUSION i EMPOWERMENT
1400S County -City Building 227 W. Jefferson Bvld. South Bend, Indiana 46601 p 574.235.9371 vvvwv.southbendin.gov