Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tif Redevelopment Groundwater topic
No spam. Unsubscribe anytime.
MDC records no TIF pass-through, authorizes conveyances and establishes groundwater fund
Summary
The commission declared there is no excess assessed value to pass through from TIF areas by the June 15 statutory deadline, authorized property conveyances to IndyGo and the Land Bank, and approved a new Groundwater Protection Fund budget and related assessments.
The Metropolitan Development Commission on June 4 made several policy determinations tied to tax increment financing (TIF) and local redevelopment, and approved a new groundwater protection fund budget.
Abby Hansen, comptroller, explained the commission must declare the amount of excess assessed value for TIF areas by June 15 per state statute and presented Resolution 2025 E‑015, which "states that there is no excess assessed value to pass through to the base and provides myself, as the treasurer of the MDC, the ability to modify this original determination," Hansen said. She noted final assessed values are certified June 30, final determinations come in July and are used during the city's 2026 budget process; the final determinations will be made by August 1, she said.
Nancy (the clerk) read a set of resolutions the department placed on the agenda. Resolution 2025 R‑023 authorizes the Department of Metropolitan Development to convey a portion of the former Pearl Street (between Maryland and Washington streets) to the Indianapolis Public Transportation Corporation (IndyGo) for transit-related uses. Resolution 2025 R‑024 authorizes DMD to convey nine properties for redevelopment based on a recommendation from the Indianapolis Land Bank Vacant to Vibrant Review Committee.
The commission also approved Resolution 2025 E‑014 to allow use of Fall Creek East TIF allocation funds for infrastructure improvements (signage, seating, trash receptacles and landscaping) within the TIF allocation area, and Resolution 2025 P‑005 to establish a new road to be named Innovator Way as part of redevelopment of the Alango Animal Health property.
On groundwater protection, the commission approved Resolution 2025 P‑007, which "establishes and approves a budget of $275,000 for the Groundwater Protection Fund and authorizes the Department of Metropolitan Development to administer the fund for the purposes of developing and operating education and voluntary business registration programs through the Marion County Wellfield Education Corporation (MCWEC) and administering the Wellfield Protection Secondary Zoning Districts," Nancy read into the record. Resolution 2025 P‑008 authorizes the Department to assess the public water supply systems of Marion County for the purpose of funding the Groundwater Protection Fund; the assessment amount was read in the meeting as "2 Hundred And 70 5 Thousand Dollars" (transcribed phrase; amount not specified in the record). The clerk concluded the reading of the resolutions.
Why it matters: The E‑015 TIF declaration affects whether taxable increment will pass to overlapping taxing units; a finding of no pass-through preserves tax increment in TIF areas for redevelopment and debt service. The conveyances to IndyGo and land-bank conveyances enable specific redevelopment and transit projects; the groundwater fund creates a locally administered program to fund education and voluntary registration tied to wellfield protection.
The resolutions were approved as presented; the clerk recorded a roll call for the package of nine policy resolutions. DMD staff and the comptroller noted the statutory timing constraints tied to assessor certification and the city's budget cycle.
