Batesville Herald Tribune, Batesville, Indiana

Business

March 5, 2013

Council moves forward with TIF plans

BATESVILLE — Batesville City Council members gave a nod Feb. 11 to move forward with plans to develop a proposed new Tax Increment Financing district.

In 2010, Batesville leaders created a 57-acre TIF allocation area located between Interstate 74 and State Road 46 from the eastern edge of Hillcrest Estates to the road leading to St. Mark’s Lutheran Church Cemetery. It also includes a portion of the interstate, McDonald’s and an adjacent lot plus the west side of  S.R. 229 from Frontage Road past Alpine Drive to land north of FCN Bank and Guys and Gals Quarters.

The proposed new 398-acre TIF district would include acreage north of S.R. 46 and east of Batesville High School (86 acres of this is the Hillcrest golf course on the east side of Mitchell Avenue to Tekulve); north of the existing district along S.R. 229 toward Oldenburg, such as the former drive-in, Nobbe estate property and new Margaret Mary Community Hospital Physicians Center; and the downtown area.

According to the Batesville Redevelopment Commission’s Economic Development Plan, “Batesville and the greater Ripley and Franklin county areas have experienced high unemployment rates over the past three to five years with business closings and downsizings.”

New investment and job creation are  top priorities for city officials and are the reason for the expansion of the Batesville I-74 Economic Development Area, which includes properties suitable for greenfield development, existing properties suitable for expansion and investment and the downtown business district.

The total estimated cost for infrastructure improvements in the expanded TIF area is $7.35 million. The principal road project will be the reconstruction of Frontage Road that currently provides access to four businesses on the southeast corner of I-74. The private drive is not built to current Batesville street standards.

The document lists other possible improvements: upgrades to the wastewater line capacity with a new pipe extended under the interstate; upgrades and enhancements to the entryway corridor; upgraded streetscape; construction of a gathering center, trail head and restrooms downtown; improvements to Walnut Street; connectivity of the I-74 interchange to downtown with improved sidewalks, signage and access for bicycles and pedestrians; improved pedestrian connectivity on the north side of I-74; improvements to S.R. 46 between S.R. 229 and Huntersville Road; and improvements to S.R. 46 with pedestrian access on the north side.

Declaratory Resolution 2-2013 was adopted by the Batesville Redevelopment Commission Jan. 21. The Batesville Advisory Plan Commission voted Feb. 7 that it fits within the city’s comprehensive plan. Mayor Rick Fledderman revealed that the existing TIF district has produced about $21,000 in property taxes for the city so far.    

The BRC will hold a public hearing Tuesday, Feb. 26, before voting on a final confirmatory resolution.

According to a timeline revealed by attorney John Gregg, a partner at Bingham Greenebaum Doll, Indianapolis, who is advising city officials on the process, the council will vote on whether to approve the final resolution March 11. If it is OK’d, it will be recorded by the county recorder and filed with the county auditor and Indiana Department of Local Government Finance.



• A public hearing was held on the sale of easements to Enterprise Pipeline. City attorney Lynn Fledderman said the price agreed upon by both parties was well above the required average of two appraisals. They included $8,000 for 0.18 acres; $14,000 for 0.26 acres; and $32,750 for 1.62 acres, all located on tracts of land near County Road 1400 between Coonhunters and Delaware roads. The fourth was for $87,500 for 0.33 acres by the industrial park area and Merkel Road.

1
Text Only
Business
  • Hillenbrand partners with produce delivery service Hillenbrand Inc. (NYSE: HI) has signed on as a corporate health and wellness partner with Green BEAN Delivery, an online home delivery service that provides organic produce and natural groceries to Midwest members, officials have announced. The Midwe

    August 1, 2014

  • Olde Iron Paint fills a niche The Southeast Indiana Small Business Development Center highlights a new client and business every week. “Chris Gill owns Olde Iron Paint LLC, Columbus (www.oldeironpaint.com/), a business that takes great pride in providing customers with authentic

    August 1, 2014

  • Marshal learns about rural law enforcement St. Leon Marshal Bill Wendt completed the Rural Executive Management Institute, an executive management education program, held June 8-12 in Cincinnati. The classes were presented by a faculty of experts brought together by the National Center for Ru

    August 1, 2014

  • biz - bv080114 - upland Nashville tour mixes cycling and beer The Tour de Upland, slated for Aug. 15-17 in Nashville, Indiana, and sponsored by Upland Brewing Co., encompasses “30 hours of cycling, beer, camping and music ... plus the toughest century in Indiana,” promises a news release.Options for road routes

    August 1, 2014 1 Photo

  • Could home sales be rebounding? Home sales within Batesville Community School Corp. boundaries in June were $2.98 million compared to June 2013 sales of $2.17 million, reports Jim Dreyer, Countryside Realty, Batesville, broker, who analyzed Southeastern Indiana Board of Realtors Mu

    July 29, 2014

  • LEADS nominations accepted Southeast Indiana Small Business Development Center officials are now accepting nominations for the third annual Leadership & Entrepreneurial Awards Day of Southern Indiana, or LEADS Indiana. Area residents may nominate a small business owner or grow

    July 29, 2014

  • biz - bv072914 - bacon fest Bacon, Blues and Brew fest at local farm The second annual Bacon, Blues and Brew Music and Arts Festival will be held Aug.15-17 at Walhill Farm, Batesville. “The festival will feature both nationally-recognized and local musicians and artists along with delicious Walhill Farm food offerings

    July 29, 2014 2 Photos

  • biz - 072914 - safety business Business promotes modern safety practices Chett Budd, Elizabeth, Indiana, owns 2msnh.com (2 much safety never hurts), a business he created to teach safety professionals the how-tos of Occupational Safety and Health Administration-favored safety incentive and recognition program development,

    July 29, 2014 1 Photo

  • Best Places to Work competition underway Indiana Chamber of Commerce officials are now accepting applications for the state’s annual “Best Places to Work in Indiana” competition. In its 10th year, this program honors top Hoosier companies as determined through employer reports and comprehe

    July 29, 2014

  • biz bv072514 - BTD fledderman honor Fledderman leads national association Jody Fledderman, Batesville Tool & Die president and chief executive officer, has been selected as chairman of the board of the Precision Metalforming Association, which represents more than 900 companies supplying the $113 billion metal forming indu

    July 25, 2014 1 Photo