Batesville Herald Tribune, Batesville, Indiana


March 5, 2013

TIF area may triple in size

BATESVILLE — With Steak ’n Shake, O’Reilly Auto Parts and Batesville Urgent Care all planning to open near the I-74 Batesville interchange in 2013, Mayor Rick Fledderman wants to take advantage of extra property tax dollars they and other future businesses will generate.

In 2010, Batesville leaders created a 57-acre Tax Increment Financing allocation area located between I-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 State Road 229 from the Frontage Road past Alpine Drive to land north of FCN Bank and Guys and Gals Quarters.

The Batesville Redevelopment Commission met Jan. 21 (newly-elected President Andy Saner, Secretary Dennis Harmeyer, members Beth Meyers and Darrick Cox; member Mark Fledderman was absent) to explore expanding that district at Fledderman’s suggestion.

The new proposed area will at least triple the existing district’s size. It would include acreage north of S.R. 46 and east of Batesville High School; 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. The larger district also would incorporate the downtown area. A map of the proposed TIF district expansion is available in the mayor’s office.

Attorney Sue Beesley, a partner at Bingham Greenebaum Doll, Indianapolis, who is advising city officials on the process, reminded members that designating a larger TIF area won’t benefit the city unless there’s commercial development. Taxes of new residences and nonprofits are not captured.

She added that taxes of personal equipment could be captured by the city if certain taxpayers are named during the process. Fledderman thought that the industrial Batesville Tool and Die might be designated that way. “We’ll try to put our thinking caps on” to list more.

TIF revenues that would be generated in the larger allocation area would not be property taxes that would be available to taxing units because the current system of property tax controls limits the growth of each taxing unit’s general fund property tax levy, according to a 2003 document written by the Indiana Association of Cities and Towns and the Indianapolis law firm Ice Miller. “The primary effect of additional assessed value would be to lower the property tax rates in those units ... (which) is a very positive step and should occur when TIF areas expire ...”

Beesley pointed out, “You don’t want the whole city to be TIF’d because everybody needs some funds to operate with.”

Declaratory Resolution 2-2013 was adopted by BRC.

The lengthy process to designate a bigger TIF district will continue Feb. 7, when the Batesville Advisory Plan Commission will meet to decide if the initiative conforms with Batesville’s comprehensive plan. The city council will consider the declaratory resolution Feb. 11, then tax impact statements for all taxing units (including the city, Batesville Memorial Public Library and Batesville Community School Corp.) will be prepared.

BRC will hold a public hearing, tentatively scheduled for Feb. 26, before voting on a final, confirmatory resolution.

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 the county recorder and filed with the county auditor and Indiana Department of Local Government Finance.

Text Only
  • 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 (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

  • biz - bv072514 - Burcham, Doug Three RBSK employees added Leaders at RBSK Partners PC are pleased to announce three additions to the staff. Amanda Kruthaupt, Barbara Bohman, CPA, and Doug Burcham have been hired for several key positions.Kruthaupt joined the firm upon her graduation from Franklin College wi

    July 25, 2014 3 Photos

  • August seminars in four cities Various Indiana cities, chambers and the Southeast Indiana Small Business Development Center are sponsoring national speaker Marc Willson to return to southeast Indiana to present a series of seminars.Willson brings 35 years of experience to bear hel

    July 25, 2014

  • Old National earnings reported Old National Bancorp (Nasdaq: ONB) will release details of its second quarter earnings before the market opens Monday, July 28, and will hold a conference call with the financial community at 11 a.m. to discuss results, strategic developments and the

    July 25, 2014

  • Great Clips donates school supplies Great Clips, the world’s largest salon brand, has teamed up with for the 2014 school year to provide teachers, students and parents with access to much needed school supplies.According to a news release, more than 15 million child

    July 25, 2014

Featured Ads
AP Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue
Seasonal Content
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.