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Pike County RDC authorized to begin planning TIF districts for solar and battery projects
Summary
The Pike County Redevelopment Commission voted 5-0 Oct. 6 to pursue declaratory resolutions to create tax increment financing districts tied to the Petersburg Energy Center solar project and an AES battery storage facility, pending legal review and a confirmatory vote later.
The Pike County Redevelopment Commission voted 5-0 on Oct. 6 to move forward with planning declaratory resolutions for new tax increment financing (TIF) districts tied to two energy projects.
Ashley Willis, speaking for the Economic Development Corporation, said the EDC proposes creating up to three TIF districts and recommended starting with two: one for the Petersburg Energy Center solar project and one for the AES battery storage facility. Charlie Joyce of Financial Services Group, the consultant on the analysis, explained the draft numbers and the rationale for prioritizing two districts now.
"If the declaratory resolutions for the TIF Districts are passed prior to December 31, 2025, the assessed value or partial assessed value from 1/1/2025 would be used as the base rate," Joyce said, underscoring the schedule implications for the board. He added that the figures in the analysis "are all estimates, conservative in their opinion."
Board members asked questions about practical impacts and next steps. Kristi Dischinger moved to reach out to law firms and proceed with the declaratory resolution process; Eric Smith seconded and the motion carried 5-0. The commission agreed to consult counsel (Ms. Dischinger said she would contact Ice Miller for an estimate) and to return for a confirmatory resolution later, which FSG said would be the binding step.
The board’s action authorizes staff to begin legal outreach and preparatory work; no confirmatory vote was taken at this meeting. The commission will schedule a future meeting after obtaining counsel advice and a timeline for completing the TIF process.
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