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(a) <br /> II <br /> ya�s�u,IH/`4o�: <br /> _� �% Department of <br /> S U�\ ij 2 <br /> {iS \DA CE% <br /> _.- Community Investment <br /> Memorandum <br /> September 25, 2014 <br /> TO: South Bend Redevelopment Commission <br /> FROM: David Relos, Economic Resources 64- <br /> SUBJECT: TIF Realignment Analysis Professional Services Proposal <br /> H. J. Umbaugh Associates <br /> This professional services proposal from H. J. Umbaugh & Associates is to provide analytical <br /> services for the proposed TIF Realignment. <br /> These services include analyzing the assessed value and financial impact of the <br /> realignment. Included is a five year projection, per township, of the realigned development <br /> areas. <br /> The analysis will include macro level effects on tax rates, circuit breaker tax credits, <br /> projected income with tax abatement roll off and new projects coming on line, in addition to <br /> the micro level effect on individual and business tax bills. <br /> Also included is the preparation of an Impact Statement, analyzing effects on overlapping <br /> taxing units, and attending various meetings and public hearings. <br /> Staff requests approval of this professional services agreement, in a not-to-exceed amount <br /> of$17,500. <br /> 227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTHBENDIN.GOV <br />