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HomeMy WebLinkAbout5B1 Budget Request (Rebuilding Our Streets 2025) RW, RE, SS, WW - SignedSouth Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Redevelopment Commission Agenda Item DATE : 5/6/2025 FROM: Kara M. Boyles, City Engineer SUBJECT: Budget Request #1 Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. * 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: 2025 Annual Paving Program Budget Request SPECIFICS: This is a first request for funding from the River West, West Washington, River East and South Side TIF Districts to support the City’s 2025 Annual Paving Program. These investments will directly support street resurfacing and reconstruction projects within each TIF boundary, improving road conditions, enhancing safety, and supporting continued neighborhood revitalization. TIF funding is a critical component of the City’s overall paving strategy and allows us to extend the impact of limited local resources while aligning with redevelopment goals. Funding is requested from each TIF District as follows: West Washington Development Area $400K River East Development Area $1.5M South Side Development Area $1.0M River West Development Area $1.0M _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION May 8, 2025 