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CITY OF SOUTH BEND OFFICE OF THE CLERK you didn't know the complete history until today but TIF actually started in this county in those two (2) places. It was fought for here and it spread across the country. West Washington may be the baby but it is the only one (1) that is left that started TIF throughout the County. California started earlier but, in our area, and in the Midwest. That is the one (1) thing James knows and it is the one (1) that ends the soonest. All the others are 2035 and 2037 and that was a way of saving the downtown one (1) from ending. The Legislature has been very negative toward TIF, as James had said. We actually started it and here we are having a conversation about it. Committee Chair White then gave the floor to Dr. Mueller to continue the presentation. Sue Kesim, 4022 Kennedy Drive, interrupted, But Jim has to leave early and I had a financial question I wanted him to ask. Mr. Bognar replied, Let him finish. Dr. Mueller stated, So it depends on the given year but looking holistically over the past fourteen (14) or sixteen(16) years, these (referencing a slide in the presentation) are the categories of how they have been historically categorized. The number one (1) category is called Jobs. Thinking of different projects in the recent past, which ones would qualify for jobs? We see that a lot of them have some sort of jobs associated with it. Whether that be Mixed-Use or the Portage Prairie build- out, or even the Technology Resource Center, there are a lot of ways to get to that. But I will say, for one (1), in the political environment, jobs have historically been a marker of success for economic development. That is something people focus on. If they aren't higher wage jobs or jobs that will survive automation,jobs are not the only metric for economic success. In a world right now where we have an unemployment rate of a few percent, most economists would say we are close to full employment but it is not necessarily the number of jobs but the quality of jobs and how they all work together. He continued, There has always been a heavy portion of TIF on infrastructure, historically. It has been underground infrastructure, streets, or other needs for infrastructure. TIF is also used for, as we talked about, Police and Fire Stations as well as the Central Services Building and others. This is often where Administrations look to, if we need a facility,they use it. In recent past,River West has funded Fire Station Four (4) over on Olive Street. That was just last year. They didn't do Station Nine(9)because, as you may know,it is currently not in the development area. I think had it been, people would have been happy to use TIF money for that. Any time there is a need for a public facility, I think TIF almost always gets at least a hard look as a source for that. He went on, There are a lot of remediation costs. There have been some legacy funds that have covered remediation but if you look at converting the Ignition Park landscape from where it was to shovel-ready today, that took a lot of dollars over the years. So a lot of money has gone into remediation. Historically, TIF has gone about two percent (2%) to Parks. I think given the new infusion of the Bond and such, it is a little higher I think. The My SB Parks & Trails plan had the General Obligation Bond, the River West TIF Bond, but it also had TIF cash that followed. We put $1.5 million into the Charles Black Center. So there was $3 million from the 2015 Park Bond and then we supplemented that with $1.5 million River West because we would have had to cut the project back too much to make the$3 million budget. So we found resources to do that. There was money put into Howard Park, substantial sums. There has been money put into some of the parks facilities in the south area such as Erskine and O'Brien. I think Councilmember Teshka and EXCELLENCE ACCOUNTABILITY INNOVATION I INCLUSION EMPOWERMENT 455 County-City Building 227 W.Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 f574.235.9173 TTD 574.235.5567 www.southbendin.gov 7