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Plan Commission recommends creation of Tax Incremental District No. 14 to Common Council
Summary
The Plan Commission voted unanimously on June 8, 2026 to recommend that the Common Council create Tax Incremental District (TID) No. 14, following a staff presentation of maps and cash-flow projections showing the City well under statutory caps and projected increment over the TID life of about $41 million.
Chairperson Dennis J. Regan opened a public hearing June 8 on the proposed creation of Tax Incremental District No. 14 and City Planner Jacob Maas presented the staff report and maps.
City Planner Jacob Maas said the proposed TID would include several City-owned and vacant parcels, about 60 acres of HADC land and a DJS manufacturing and stamping project area. Maas told commissioners the City’s equalized value as of Jan. 1, 2024 was $2,342,784,500 and that the 12 percent statutory test would allow up to $281,134,140 in TID value; current TID coverage in the City is approximately 3.16 percent, well under the limit. Maas described Innovation Way extension as the largest City expense tied to the TID and estimated the DJS project’s direct expenditures at a little over $6 million; he said projected increment over the life of the TID would be roughly $41 million and that pay-as-you-go incentives to DJS were estimated now at $254,000 (the project plan allows up to $400,000 if an 80,000-square-foot expansion occurs). Maas also noted potential residential development by Winter Park Builders of roughly 600 units (with about 200 multifamily units north of West State Street), and that a 60/40 split of residential increment (60% to developer as incentive) was modeled in projections to be conservative based on precedent.
No members of the public registered opposition and the hearing record showed no formal appearances in opposition. Commissioners asked follow-up questions about exhibit maps and unit count assumptions; Maas said staff used Oriole Ponds as a comparison to calibrate multifamily assumptions. Member Scott Henke moved to recommend approval of creation of TID No. 14 to the Common Council; Member Dave Piquett seconded and the motion carried unanimously.
The commission’s recommendation is advisory; final approval and any developer agreements will be decided by the Common Council and are subject to future project-specific approvals and formal agreements. The hearing record and staff materials list the proposed project areas, cash-flow exhibits and the DJS and Innovation Way cost estimates presented to the commission.
