• Brownsburg RDC votes for amended TIF pass through

    July 03, 2013 No comments

    As part of a plan to minimize the impact of the proposed annexation on the Brownsburg School Corporation’s budget, the Redevelopment Commission (RDC) voted Tuesday night to increase the TIF pass through amount for 2014 and 2015.

    At the recommendation of Town Manager Grant Kleinhenz, Commission members unanimously voted to adopt a resolution that would increase the amount of excess incremental assessed value that can be allocated to other taxing units for 2014 from $6 million to $14.5 million.

    The resolution also makes a recommendation for the 2015 pass through to be maintained at $14.5 million and considers a guaranteed pass through in the Ronald Reagan Parkway TIF expansion area that could mean the addition of hundreds of millions of dollars in assessed value over time to the other taxing bodies.

    The RDC’s action addresses public input from citizens and other community leaders regarding the financial impact that the Brownsburg North, Magee, Hart-Anderson, Northfield at Wynne Farms, and Ward annexations could have on other taxing units, due to the State of Indiana’s property tax caps.

    Kleinhenz said, “Throughout the annexation process, we have sincerely considered the issues raised by citizens and other governmental units, and taken many steps to address those. While the Town is not legally required to address any financial impact on other taxing units, we hope the RDC’s action demonstrates the Town’s intent for these annexations to have long-term benefit for the entire community.”

    This amendment to the TIF pass through will require the Town and Redevelopment Commission to re-prioritize and delay some of its planned projects for the next five years, but will still allow for many needed improvements to move forward including Northfield Drive east and west, the southside drainage and sewer separation on Tilden Avenue, and improvements to SR 267.

    Brownsburg Town Council approved the Magee, Hart-Anderson, and Northfield at Wynne Farms annexations at its June 27 meeting. It will hear the ordinances relating to the Brownsburg North and Ward annexation territories on third reading and consider final adoption at its July 11 meeting.

    Redevelopment Commission and Town Council meetings are open to the public. For those who cannot attend in person, the Town provides a video feed. Visit www.brownsburg.org and click “Live Video and Archives.”

    Interested citizens can also stay informed about the annexation process through the Town of Brownsburg’s e-newsletters or Twitter and Facebook pages, links to which can be found on the Town’s website home page.

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