Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tif Expansion topic
No spam. Unsubscribe anytime.
Redevelopment commission approves amended TIF plan to expand economic development area
Summary
The Angola Redevelopment Commission approved an amended economic development (TIF) plan that expands the district, removes low-value residential parcels and sets the public-notice, plan-commission and city-council steps required by state law. The amendment includes a detailed legal description and parcel list to reduce future amendments.
The Angola Redevelopment Commission voted on Oct. 8 to approve an amended economic development area plan that expands the city’s tax-increment financing (TIF) district and sets in motion required reviews and a public hearing.
Attorney Tom Pittman, who led the legal overview, told commissioners the amendment follows a four-step process: the redevelopment commission’s initial approval, review and a finding of consistency by the planning commission, city-council approval and a final redevelopment-commission public hearing and confirming resolution. “We want to expand the TIF District. We want to expand the underlying economic development area. The third thing, we want to remove some of the parcels. And fourth, we want to approve an amended economic development plan,” Pittman summarized.
The plan includes a long legal description and a parcel list that staff said were cross-checked with GIS and CAD to avoid repeated amendments when parcel ID numbers change. “The legal description really is kind of establishing the boundary,” staff member Crystal said, explaining why the exhibit is preferable to relying on parcel numbers alone.
Commission staff and Baker Tilly consultant Jason Semler will provide the financial reports and the municipal-adviser study required for notifying taxing units. Pittman warned that Indiana law requires personal notice to property owners in an expanded area, and commissioners were counseled to expect calls and attendance at the hearing.
Commissioners described which parcels were taken out (single-family residential lots, unbuildable wetlands and some nonprofit properties that do not pay property taxes) and which were added to foster shovel-ready commercial and industrial development, including areas tied to the Saranova subdivision and downtown blocks that lack infrastructure.
Art moved to approve the written resolution as submitted; Carrie seconded and the motion carried. The next steps are plan-commission review on Oct. 13, city-council action on Oct. 20 and a redevelopment-commission public hearing and final resolution afterward. Staff will follow the statutory notice and reporting requirements to taxing units and the auditor.
The commission’s approval begins the formal review process but does not itself finalize construction projects or funding commitments; any use of TIF revenue for specific projects would require later authorizing actions and, where applicable, compliance with statutory eligibility rules.
