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HomeMy WebLinkAbout5B2 Budget Request (Potawatomi Park, Phase I) - SignedSouth Bend W = Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE: February 13, 2025 FROM: Tim Corcoran SUBJECT: Greenlawn and Wall Street Improvements Funding Source* (circle) River Wes River East; outh Side; Dc Pres/V-Pres ATTEST: Secretary Date: oo0- E APPROVED ❑ Not Approved SOUTH BEND REDEVELOPMENT COMMISSION ]as Road; West Washington; RDC General; Riv. East Res. * Funds are subject to the City Controller's deter an 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 RE UEST: The purpose of this request is twofold. The primary purpose is to add pedestrian safety elements, traffic calming and additional parking on both Green Lawn Avenue and Wall Street to accommodate the increasing popularity of Potawatomi Park and Zoo. Secondly, the demolition of the pool is included in this request. cpFrlrlrc• The current construction estimate for Greenlawn and Wall Street is $4,048,155 which includes a contingency. The pool demo estimate is $379,210. Both combined are an estimated are $4,427,365. We are asking for $4,500,000 from the River East TIF to cover the costs of both projects. EXCELLENCE ACCOUNTABILITY INNOVATION 1 INCLUSION EMPOWERMENT 1400S County -City Building 227 W. Jefferson Bvld. South Bend, Indiana 46601 p 574235.9371 vnvw.southbendin.gov