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Evansville Redevelopment Commission approves $500,000 Jacobsville TIF appropriation, economic-development deal for Franklin Street Lofts
Summary
At its Dec. 3 meeting the Evansville Redevelopment Commission approved Resolution 24 ERC 39, authorizing a $500,000 Jacobsville TIF appropriation; adopted Resolution 24 ERC 40 approving an economic development agreement with Franklin Street Lofts LLC (address set to 1501 W. Franklin St.); and approved Resolution 24 ERC 41 to authorize up to $50,000 for appraisal services contracts.
The Evansville Redevelopment Commission on Dec. 3 approved three year-end actions related to downtown redevelopment, voting to increase Jacobsville TIF appropriations, approve an economic-development agreement for a Franklin Street project and authorize appraisal-service contracts.
The commission voted to adopt Resolution 24 ERC 39, authorizing an additional appropriation of $500,000 from Jacobsville tax-increment finance (TIF) funds to cover possible year-end needs. "This is we're just doing kind of a, cover your bases at the end of the year, appropriating some funds out of Jacobsville TIF in case there's anything that comes up that we might need to spend funds on," Lana (staff) said during the public hearing…
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