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Commission affirms annual TIF determinations for seven allocation areas, finds no excess assessed value
Summary
The commission approved seven resolutions (O2–O8) confirming annual determinations of excess assessed value across tax‑increment financing allocation areas and authorized required notifications after a Baker Tilly analysis found no excess value in any area.
The Goshen Redevelopment Commission unanimously approved resolutions O2 through O8 on June 9, completing the annual statutory review of tax‑increment financing (TIF) allocation areas.
Becky (redevelopment staff) summarized the Baker Tilly‑assisted review of assessed values, tax rates and outstanding obligations across seven TIF allocation areas and said the analysis determined no area currently has excess incremental assessed value that would require redistribution to overlapping taxing units. The resolutions authorizing required notification to the county auditor and affected units were moved and approved individually; each passed by voice vote recorded as 5–0.
Staff said the reviews are statutory requirements and that the approvals confirm existing TIF revenues remain allocated to support current and anticipated obligations in each area.
