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<br /> <br />5 <br /> <br />e. Support the development of projects that promote the health of city residents. <br /> <br />7. Placemaking and the Built Environment: Promote an attractive public realm that <br />preserves and enhances the City’s history and built environment. <br />a. Support walkable urban development. <br />b. Encourage urban design that creates or enhances a sense of place, provides <br />vibrancy, incorporates arts and culture, and fosters safety. <br />c. Integrate parks and trails into the city using urban design principles. <br />d. Prioritize projects that preserve and rehabilitate existing buildings over ones of <br />new construction. <br />e. Support development that is context sensitive and conserves the historical, <br />architectural, and social fabric of the City. <br /> <br />8. Education & Training: Provide educational and training opportunities that support people <br />of all ages to participate successfully in the economy. <br />a. Ensure a strong match between job skills among the population and present and <br />future needs of employers. <br />b. Partner with organizations and institutions to enhance educational opportunities <br />for youth from early childhood, pre-K to Grade 12, post-secondary and higher <br />education. <br />c. Partner with organizations that offer internships, co-ops, apprenticeships, <br />continuing education, lifelong learning, and other job training programs. <br /> <br />9. All other projects and purposes permitted by law. <br /> <br />Tax Increment Financing (“TIF”) District <br /> <br />The South Bend Redevelopment Commission may implement the use of TIF within a <br />redevelopment area or economic development area pursuant to state law (I.C. 36-7-14). <br /> <br />TIF allocation areas target areas needing redevelopment and economic development areas in <br />order to transform them into viable areas making the community more appealing and attractive <br />for economic development, which creates a better quality of life for the districts’ residents. TIF <br />allocation areas are powerful and effective tools that may provide financing for infrastructure <br />improvements within redevelopment projects which may, in turn, entice market dollars back <br />into economic development areas and areas needing redevelopment, including abandoned and <br />dilapidated areas. The lifespan of a TIF allocation area varies based upon the time of its creation. <br /> <br />TIF creates revenues for improvements without raising taxes, offers incentives for businesses <br />and developers, and builds communities. TIF works by capturing additional property tax revenue <br />due to the revitalization of a designated area. The base assessed value of the year in which the <br />TIF allocation area is established is used as the base year, and tax revenues generated due to the <br />increase in assessed value over the base year assessment of properties within the TIF allocation