Redevelopment commission approves Pendleton Pike allocation-area amendment after TIF update
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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 incremental assessed value growth and is not an additional property tax, saying, "If their tax base grows, that doesn't always mean additional property tax dollars coming to that unit of local government." He showed that, under one scenario, removing two "negative" parcels (about $2.9 million of assessed value in the model) would materially improve projected TIF receipts in later years.
The presentation reviewed the city’s three allocation areas — Pendleton Pike, Monarch and Meyer Plastics — their lifespans (many expiring in the late 2030s), outstanding bond obligations and projected receipts. Mauser cautioned that Senate Bill 1 will introduce deductions and credits that affect rental and residential properties in TIF areas and could depress receipts from about 2027 through 2031 unless new growth offsets those changes.
Commission counsel and staff said the resolution will be recorded and the Department of Local Government Finance (DLGF) notified as required by statute. A commission member asked whether the impact-statement language that some planned projects ‘‘may not fully occur without amending the area’’ was typical; Mauser replied that such scenario language appears in impact statements and that removing decrement parcels can clear a drag on revenues.
The commission voted by voice to approve Resolution 4-20-25. The chair said the resolution was approved and that staff will sign and record the instrument and notify DLGF. The confirmatory action concludes the local steps needed to amend the Pendleton Pike allocation area unless the commission later modifies the plan based on public comment or council action.
What’s next: staff will record the amendment and notify DLGF. The commission has ongoing monitoring responsibilities as the state-phase changes from Senate Bill 1 are phased in.
