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Delaware County commissioners declare intent to consider Rose Rock Lakeside TIF, form review committee
Summary
The Delaware County Board of Commissioners unanimously declared intent to consider a Rose Rock Lakeside tax‑increment financing project, approved an engagement letter with a TIF legal team to be paid by the developer and authorized up to $50,000 in project planning costs to be advanced and reimbursed by Rose Rock.
The Delaware County Board of Commissioners voted April 28 to declare its intent to consider creation of a tax‑increment financing (TIF) district for the Rose Rock Lakeside project and to form a review committee to evaluate the proposal.
Chairman David Poindexter said the county will use the Center for Economic Development Law as counsel on the project and that Rose Rock agreed to pay the legal fees. Poindexter moved, and Commissioners Jake Callihan and David Beck seconded, motions to approve the engagement letter and to authorize advancement of project plan costs not to exceed $50,000, with the developer responsible for payment. Both motions passed unanimously.
Realtor and developer Brooke Fuser told the board that one at‑large member of the committee must represent retail and that designated committee members will choose the three at‑large members. Assessor Larena Cook asked who would pay fees if the county chose not to set up the TIF; Fuser replied Rose Rock would pay the fees regardless of outcome. Poindexter said he will assemble a list of prospective committee members.
Poindexter also said the committee will be chaired by him, include designated members and three at‑large members, and that public hearings will follow the committee’s work. Poindexter stated the committee meetings "will not be public," and that public hearings will occur after the committee makes recommendations.
The board’s actions establish the procedural steps needed to begin TIF consideration, including legal engagement, funding of plan preparation, and committee selection. The county did not adopt a TIF ordinance at the meeting; next steps include selecting committee members and scheduling public hearings if the committee recommends proceeding.
