Entire Resolution No. 3648 (Resi TIF Amendements to RWDA)

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