2011 CAFR Executive Summary - Laserfiche WebLink

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Management Discussion & Analysis adjacent to the University of Notre Dame campus, just outside of the City limits, and is expected to be open in time for the 2012/2013 academic year. • Bike The Bend — Continuation of the 'Bike the Bend" non-competitive event, 30 mile bicycle race occurred on May 20, 2012 in downtown South Bend. The race highlights over 60 miles of bicycle lanes established in the City since 2007. • East Bank Townhouses—the development of 12 townhouse-style condominiums along the East Bank of the Saint Joseph River was completed in 2011. • Energy Efficiency and Conservation — supported by a $1.046 million federal stimulus grant, the City has unveiled a new energy efficiency and conservation strategy which included the energy audit of 30 municipal buildings, synchronized timing of traffic signals at the 100 busiest intersections in the City and a feasibility study for generating hydroelectric power from the Saint Joseph River at the Century Center dam. A Municipal Energy Office was established in the Central Services Fund and a source of funding was identified to allow for continuing energy projects. • Memorial Hospital — a variety of City infrastructure and streetscape improvements totaling more than $3 million, in connection with hospital investment, including a new fagade for the Bartlett Street parking garage and reconstruction of four streets on the hospital campus. + Existing Business Expansions — the City continues to work with private sector business concerns to enable expansion of their business operations in the City, adding new employment opportunities and tax base to the City. Several local private sector business concerns have announced facility expansion plans, upon success will create new employment and tax base opportunities for the City. Requests for Information This Management Discussion & Analysis as contained within the City of South Bend Comprehensive Annual Financial Report is intended to provide readers with a general overview of the financial condition of the City of South Bend as of December 31, 2011. Questions concerning any of the information provided in this report, or requests for additional information, should be addressed to: Mark W. Neal, Controller City of South Bend Department of Administration and Finance 227 W. Jefferson Boulevard, 12`" Floor South Bend, Indiana 46601 Telephone 574-235-9216 Facsimile 574-235-9928 Email mneal@southbendin.gov City of South Bend May 25, 2012 36