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r4513THii,4,° Filed in Clerk's Office <br /> ( i. : <br /> w, , a <br /> x ; FRAGE MAY 20 2019 <br /> '186' x KAREEMAH FOWLER <br /> CITYCLERK,SOUTH BEND,IN <br /> CITY OF SOUTH BEND <br /> COQ/ V UNITY INVESTMENT <br /> May 16, 2019 <br /> Mr. Tim Scott, President <br /> South Bend Common Council <br /> 4th Floor County-City Building <br /> 227 W Jefferson Blvd <br /> South Bend, IN 46601 <br /> RE: Releasing Assessed Value from Douglas Road TIF Area for 2019 pay 2020 <br /> Dear Council President Scott: <br /> At a public meeting held on May 9, 2019 the South Bend Redevelopment Commission made the <br /> necessary findings under Indiana Code 36-7-14 determining that all the assessed value in Allocation Area <br /> No. 1 of the Douglas Road Economic Development Area May be allocated to the respective taxing units. <br /> Notice of the Commission's action was sent to South Bend Common Council members that date. <br /> Attached is a resolution formally approving release of the TIF increment to be collected from the <br /> Douglas Road TIF Area for tax pay year 2020. This TIF is close to finishing the projects originally <br /> expected from it. Once the last project is completed, we will close this TIF area. <br /> I will present this resolution at your May 28th meeting. Please let me know if you have any questions. <br /> Thank you. <br /> Sincerely, <br /> , 41,-., oil , IOW L.--- - <br /> zabe0Leonard Inks <br /> Director, Redevelopment Finance <br /> V <br /> fl xIEIJ BECK EN.\IEV R AL:EYN.\ALDRIDGE ['ANIMA MEYER IM CoR(()R.\ <br /> 14 <br /> BUSINESS DFVELOIINmNr 1 <br /> ENGAGE 1.NT&ECONOMIC EMI'onSEMENI- NEIGHBORHOOD D VELOI'MENT PLANNING&COSISI LAITY RESOURCES I/4, <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />