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Moorefield Township negotiated $1.03 million cap in Liberty Place talks; trustee says township will be paid before developer
Summary
Moorefield Township negotiated a compensation arrangement that would provide roughly $1,028,028 (total cap) for the township from the Liberty Place TIF revenue stream; Trustee Jack McKee said the township will receive payments before developer reimbursements and credited commissioners for protecting township interests.
Jack McKee, Moorefield Township Trustee, told the meeting that the township originally opposed the TIF but negotiated a compensation package after discussions with the developer. McKee said the township currently receives about $88 per year per property and that the negotiated compensation amount for this development was set at approximately $1,028,028 (about $34,000 per year over the term cited in discussion).
McKee emphasized that, under the negotiated structure, the township payment is prioritized to be paid before developer reimbursements. "Opposing the TIF allowed the township to negotiate with the developer," he said, and thanked the commissioners for supporting the township during negotiations. Commissioners noted Moorefield Township would receive roughly 50% of what it would otherwise have received up to the stated cap, while the county would receive 25% and protected levies and schools would be preserved under the proposal.
Township residents in the audience expressed concerns about long-term service demands, police coverage and road maintenance. Commissioners responded that the township payment and school compensation were core negotiation points and that any final TIF agreement would be evaluated on whether it protects the township’s fiscal interests.
