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Lebanon Redevelopment Commission approves resolution to retain TIF capture
Summary
The Lebanon Redevelopment Commission adopted Resolution 2025-03, formally determining it will continue capturing tax increment for its allocation areas and authorizing notification letters to taxing units; the body noted recent legislation could affect taxing-unit shares but said impacts are still unclear.
The Lebanon Redevelopment Commission voted to approve Resolution 2025-03, a statutory determination to continue capturing tax increment financing (TIF) for its allocation areas, and authorized template letters to notify affected taxing units.
The vote followed a staff summary explaining the resolution is a routine, statutory step. Rob, a staff member, told the commission, "this is, as you know, a statutory requirement for this body to, look through and see, the various commitments that are made within this commission's budget, as well as, the various allocation areas." He added that Baker Tilly provided a TIF report update and that the resolution authorizes the commission's intent to keep the TIF "due to the budgets and other commitments of this body."
Commission discussion emphasized that approving the resolution does not irrevocably prevent future changes. One commissioner asked whether approving the resolution would bar the commission from passing through increment to other taxing units later, noting a possible request from the schools. A staff speaker responded that signing or approving the resolution "doesn't prohibit us from being able to possibly give some to other taxing entities if requested," and later reiterated that the resolution expresses intent but "that can always change in the future if necessary."
Staff and commissioners also discussed recent state-level changes affecting taxing-unit shares. Rob said recent legislation has reduced the proportionate share taxing units receive from the baseline and that the commission and its financial advisor, Baker Tilly, are still assessing the full impact. "They still don't have, you know, an understanding of what impact that's gonna have on this body as well," Rob said, and the commission said it expects to learn more in the coming months.
The resolution includes an exhibit listing allocation areas and a set of template letters (Exhibit B) to notify the respective taxing units of the commission's decision. After discussion, a commissioner moved to approve Resolution 2025-03; the motion was seconded and the commission chair called the vote. The transcript records ayes and the chair declared, "That motion does carry." The transcript does not list individual roll-call votes.
The commission then approved payment of claims and adjourned; the chair indicated the next meeting will be in July.
Why it matters: The commission's decision maintains the capture of TIF revenue to meet the body's current budgetary commitments and planned projects. Any change to pass through increment to other taxing units would require future commission action and may be affected by recent state legislative changes that staff and the commission are still evaluating.
