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Angola redevelopment commission adopts amended TIF plan to expand district for infrastructure and incentives
Summary
After a public hearing, the Angola Redevelopment Commission adopted a confirmatory resolution expanding an existing I‑69/West Maumee Street tax‑increment financing (TIF) district; the commission said the fund holds about $1.14 million now and could generate roughly $248,000 annually as development occurs.
The Angola Redevelopment Commission voted to adopt a confirmatory resolution Thursday to expand an existing tax‑increment financing district that stretches from the I‑69/West Maumee Street area north along North Wayne Street and into parts of downtown.
Commission staff and consultants said the amendment widens the types of public projects and incentives the commission can fund so the city can pay for infrastructure improvements, streetscape work and development incentives intended to make aging downtown parcels more usable.
"The expansion of the area will not change the property tax applicable to your property, nor will it give the City of Angola Redevelopment Commission any planning, zoning or use authority over your property, and it will not authorize the commission to take any action to acquire your property," staff member Aretha said while reading an…
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