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Staff briefs commission on TIF name change, neutralization progress and tax-reform sensitivity
Summary
Staff recommended the commission adopt a resolution to rename a parcel-specific TIF (formerly 'PrideOne' / Bridal Run) and reported progress on statewide TIF neutralization and modeling to assess property tax reform impacts on some TIF areas.
Commission staff briefed the Greenwood Redevelopment Commission on several tax-increment financing matters: a recommended TIF district name change, progress on the TIF neutralization process, upcoming boundary amendments, and sensitivity analysis related to recent property tax reform.
Staff said a parcel-specific TIF currently referenced as "Bridal Run" or "Pride One" should be retitled because the original PrideOne relationship is no longer associated with that parcel. The auditor’s office and Johnson County staff told…
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