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HomeMy WebLinkAbout6A3 Budget Request (Rebuilding Our Streets Funding) - SignedSouth Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Redevelopment Commission Agenda Item DAT E : January 8, 2025 FROM: Leslie Biek, Assistant City Engineer SUBJECT: 2026 Rebuilding our Streets Budget Request 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: 2026 Annual Paving Program Budget Request SPECIFICS: This is a request for funding from the River West, River East and South Side TIF Districts to support the City’s 2026 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: River West Development Area $2.5M River East Development Area $1.0M South Side Development Area $1.0M ______________ ___________Pres/V-Pres ATTEST: __________ ________Secretary Date: _____________ _______ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION January 8, 2026 