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Redevelopment commission approves Pendleton Pike allocation-area amendment after TIF update
Summary
After a Baker Tilly presentation on TIF forecasts and the impact of Senate Bill 1, the Lawrence Redevelopment Commission approved a confirmatory resolution removing two parcels from the Pendleton Pike allocation area to improve future TIF revenues.
The Lawrence Redevelopment Commission on Nov. 20 approved Resolution 4-20-25, a confirmatory second amending declaratory resolution that removes two parcels from the Pendleton Pike allocation area. The action followed a detailed presentation on tax-increment financing by Andy Mauser of Baker Tilly and a brief public hearing that drew no speakers.
Mauser told the commission the presentation was intended to meet a state requirement for an annual public meeting about redevelopment budgets, long-term plans and the impact of TIF areas on overlapping taxing units. He explained that TIF captures only…
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