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Councilors, county representatives press developer counsel on drainage and assessed valuations during TIF hearing
Summary
During the June 25 hearing on TID 2, Council members Harold Bickner and Dayle Blasius questioned drainage statements in the project plan and Brule County representatives sought clarification on assessed-valuation calculations; Micayla Bamberg said taxing jurisdictions would receive any assessment overage beyond the TIF-projected amount.
Council members raised technical concerns about the TIF Project Plan during the public hearing portion of the June 25 special session. Council member Harold Bickner and Council member Dayle Blasius questioned language in the plan regarding drainage, saying portions of the plan’s statements appeared incorrect; the minutes record those concerns but do not list any correction to the plan text.
Representatives from the Brule County Commission, Sharman Swanson and Don DeBoer, asked for clarification about how assessed valuations would be treated in the TIF calculations. Micayla Bamberg, counsel for Shannon Capital Inc., replied that if the assessed value after certification of costs is higher than the TIF base value, "taxing jurisdictions would receive taxes on the base plus overage on assessment over the TIF projected amount." The minutes do not record detailed valuation schedules or drainage engineering reports; the council adopted the project plan and resolution after these clarifications.
