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Law director: MGM tax settlement could add about $450,000 to Northfield's TIF; council adopts short-term fiscal measures
Summary
Village Law Director Brad Bryan said a MGM–school board property tax settlement could increase Northfield's TIF receipts by roughly $450,000; council unanimously adopted a resolution to request a tax-advance from the Summit County Fiscal Officer and approved temporary appropriations for Jan.–Mar. 2023.
Village of Northfield Law Director Brad Bryan told council on Nov. 9 that a settlement between MGM and the local school board will generate an additional payment for tax years 2018 and 2019 that should include a portion payable to the Village's TIF fund. Based on the settlement and information from school board counsel, Bryan estimated the Village’s share at about $450,000 but said the County Fiscal Office has not yet issued the billing and the exact figure is pending; he said the Village should receive its portion in spring 2023.
Because the timing and final amount remain uncertain, council moved on short-term budgeting steps at the same meeting. Council read and unanimously adopted Resolution No. 2022-59, requesting that the Summit County Fiscal Officer advance to the Village monies to which the Village is entitled from proceeds of tax levies in 2023. Council also read and unanimously adopted Resolution No. 2022-60 to make temporary appropriations for current expenses and other expenditures for the period Jan. 1–Mar. 31, 2023.
Alan Hipps moved and Gary Vojtush seconded the motion to suspend the three-reading rule on Resolution 2022-59; the motion passed on a roll-call vote with all members recorded as voting yes. Hipps then moved to adopt the resolution; Vojtush seconded and the adoption passed on a unanimous roll call. For Resolution 2022-60, Renell Noack moved to suspend the three-reading rule and Alan Hipps seconded; the motion passed. Hipps moved to adopt Res. 2022-60, seconded by Kevin Lewis, and the adoption passed by unanimous roll call.
Bryan also noted the County Fiscal Office had not yet billed for the additional payment and that the Village’s earlier estimate could change once the county issues the bill. Council did not set specific uses for any anticipated settlement funds during the meeting; Bryan said more accurate figures will be provided when available.
The council then moved to other agenda items. The meeting minutes record no formal vote allocating the estimated settlement money to a particular project or fund at this session.
