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Hobart redevelopment commission approves declaratory resolution to create I‑65 and 37th Avenue economic development area
Summary
The Redevelopment Commission voted 3-0 to approve a declaratory resolution initiating the creation of the I‑65 and 37th Avenue Economic Development Area, a preliminary step toward forming a tax increment financing district that will undergo Plan Commission review and tax‑impact analysis.
The City of Hobart Redevelopment Commission voted unanimously on Jan. 12 to approve Resolution No. 2026‑01, a declaratory resolution to establish the I‑65 and 37th Avenue Economic Development Area, a step toward forming a tax increment financing (TIF) district. The motion to approve was made by Ms. Kelly Clemens and seconded by President Matthew Claussen; the vote was recorded as all ayes (3‑0).
Marcos Rodriquez, the city’s director of development, described the resolution as a continuation of work to designate a redevelopment area. Matt Reardon of consulting firm MCR Partners presented plan documents and said the proposed area includes roughly 410 parcels and faces development challenges related to land use and tax base dynamics. Rodriquez said the next steps include Plan Commission review and distribution of a tax‑impact analysis to overlapping taxing units.
Redevelopment Commission attorney Ryan Cook explained the resolution is declaratory and summarized the statutory process the commission must follow: Plan Commission consideration, public notice to affected units, and a future confirmatory resolution. No public comments or objections were recorded in the provided excerpt.
The declaratory resolution does not itself create the TIF; it initiates the legal and administrative steps required under statute. The commission did not set an effective date in the discussion excerpt; staff said a tax‑impact analysis will be prepared and shared with overlapping taxing units as part of the process.
