From the Batesville Herald-Tribune:
Batesville’s proposed 398-acre Tax Increment Financing district that is north, south and east of the existing 57-acre TIF area is moving forward.
After the Batesville Redevelopment Commission, Batesville Advisory Plan Commission and Batesville City Council each approved a declaratory resolution in January and February, on Feb. 26 BRC adopted a confirmatory resolution 4-0. Members Andy Saner, Darrick Cox, Beth Meyers and Dennis Harmeyer were present and Mark Fledderman was absent.
In the document, two designated taxpayers were named, Batesville Tool and Die and Hill-Rom Holdings. If they purchase additional pieces of costly equipment, personal property taxes could be captured as well as real estate taxes, explained attorney Sue Beesley, a partner at Bingham Greenebaum Doll, Indianapolis, who is advising city officials on the process.
Before the vote, a public hearing was conducted. Three citizens attended, but only Darrell Hoyer spoke.
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According to the timeline proposed by Beesley, the council will vote on whether to approve the final resolution March 11. If it is OK’d, the resolution will be recorded by recorders in Ripley and Franklin counties and filed with county auditors and Indiana Department of Local Government Finance.
http://batesvilleheraldtribune.com/local/x564670262/One-more-step-in-TIF-processT
