09-12-18 Personnel and Finance (#8)

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CITY OF SOUTH BEND OFFICE OF THE CLERK He went on, Coming out of the Portage/Elwood Visioning Session earlier this year, there were a lot of different recommendations,one(1)of them was the area on the Portage/Elwood node where we're hoping to do some tree scape work next year. There's $800,000 for the Sherman/Harrison infrastructure public place envisioned in the West Side Main Streets Plan. This is also envisioned to be the new housing construction pilot that we're looking to do. We can point you to the West Side Main Streets Plan, some of the ideas for public space to build out this neighborhood. There is $500,000 for the City Cemetery entrance out of the West Washington TIF. There is also a half million dollars for the engineering design of the 2020 streetscapes and other projects of the West Side Main Streets plan implementation. The Western streetscapes have substantial design and engineering costs the year before the construction is actually completed.The costs of construction are higher than what we'd like, it is usually about ten percent (10%) of the project. If you see roughly $500,000 of engineering and design, you could anticipate between $4 to $5 million in construction investment the following year. There are also funds used for professional services that keep the Redevelopment Commission going such as legal, engineering and TIF financial management. There is $500,000 that is half of the million-dollar commitment of the West Washington TIF area for the Washington Colfax apartments that South Bend Heritage has rebranded as Gemini Apartments, and work will start shortly. Then there is $400,000 in West Washington area improvements which haven't all been defined yet, but we've been in active conversations with neighborhood associations and other residents in the area. He continued, The economic empowerment funding, Fund #433, are new funds that we're receiving TIF to spend, and this comes out of the Pokagon agreement. If you recall, there was a revenue sharing agreement with the Pokagon Band for one percent (1%) of net win going to the General Fund, and one percent(1%) of net win going to the Redevelopment Fund, or a minimum of $1 million, whichever is greater for each of those. It was broadly envisioned to go toward education, alleviating poverty and promoting small business. These are programs that we think fit within that broad scope and things that are underway. First (1St), we're looking to work with Goodwill on a youth and community development program out of the U.S. Department of Labor called Youth Build, so that would be a $250,000 match to roughly a million-dollar external fund. That would be a four to one (4:1) leverage on that grant. The Lifelong Learning Initiative in partnership with Google and Walmart that was announced earlier was $500,000 earlier this year, and potentially more longer term. We're looking to put in some monies for that. The $135,000 match is part of the Mayor's Challenge grant application. This was the $100,000 pilot that we worked on with Innovation to try to figure out transportation on that last mile with the Rideshare program, and we've submitted the final application and hope to hear back later this year. The awards could be anywhere from$1 to$4 million, so that would be a high leverage ratio if we were to receive that grant. He went on, One (1) of the things that we're looking to pilot next year is a microloan for small businesses for lower income households. There is a program in Louisville that we've been talking to that's been successful. There is also $100,000 to continue the past few building measures for early childhood education, and this is trying to move daycare centers up a level of quality. There's also $80,000 to help with housing financing gaps where there are financing issues on low value homes or mortgages where the transaction costs are too high relative to the banks, so it makes it harder to finance those. There is $75,000 to try to attract more CDFI investment. This is based off a model in Bloomington, and so this would be part matched with other local partners, one to one (1:1). We would start the attraction program and then we hope to leverage a lot more investment from that. Finally, $75,000 for the resident legal assistance program and eviction legal support EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION EMPOWERMENT 455 County-City Building 1227 W.Jefferson Bvld I South Bend,Indiana 466011 p 574.235.92211f574.235.9173 jTTD574.235.5567Iwww.southbendin.gov 7