Batesville Herald Tribune, Batesville, Indiana

Business

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
Business
  • biz - bv041814 - Kranz, Eric Kranz named new director Eric Kranz has been appointed the new Dearborn County Chamber of Commerce executive director, according board chairman Mark Banschbach. Kranz brings a renewed emphasis to professionally serve the needs of the chamber's nearly 350 members through a v

    April 18, 2014 1 Photo

  • biz - bv041814 - ETC DOTY ETC employees vote on top department At the end of each calendar year, Enhanced Telecommunications Corp. employees select a Department of the Year. There are no specific criteria that a department must meet in order to be nominated. However, departments are typically selected because of

    April 18, 2014 1 Photo

  • Scarves given away at MTV Movie Awards night Andrea Wagner, owner of Andrea Designs, Batesville, in association with The Artisan Group, participated in an invitation-only luxury celebrity gift lounge hosted by GBK Productions April 11-12 at an exclusive location in Beverly Hills, Calif., in hon

    April 18, 2014

  • Local salon helps with clean water efforts

    Guys & Gals Quarters Salon & Day Spa’s eco chic model will be featured on Fox 59 News, reports salon owner Tamara Lamping.

    April 17, 2014

  • nws - bv041114 - Transforming economy (speaker) Entrepreneurs must be nurtured Purdue University leaders have a theory. If Indiana has more entrepreneurs, its economy will be healthier. In the April 3 workshop "Transforming Your Local and Regional Economy" at the Batesville library, Dr. Michael Wilcox, Purdue Extension Economic

    April 11, 2014 1 Photo

  • nws - bv040814 - Transforming economy (group) Intriguing economic numbers offered About a dozen attendees had to guess the answers to four tough questions during "Transforming Your Local and Regional Economy," an April 3 workshop at the Batesville library presented by Lionel "Bo" Beaulieu, Purdue Center for Regional Development di

    April 8, 2014 2 Photos

  • biz - bv040114 - shopko donation to imagination library Imagination Library receives grant The Shopko Foundation Community Grant Program recently awarded a grant to the Imagination Library of Franklin County for the purpose of purchasing quality books for preschool-aged children from birth until age 5, thus providing each child enrolled w

    April 1, 2014 1 Photo

  • Dearborn County Hospital adds nocturnists Dearborn County Hospital will expand its Hospitalist program in April to provide seven-day-a-week, around-the-clock, in-hospital physician care for hospitalized patients, according to a press release. Hospitalists (hospital medicine physicians) and n

    March 25, 2014

  • Indiana chamber officials examine academic standards Indiana Chamber of Commerce officials have taken a comprehensive look at academic standards in the state and beyond, producing suggestions to help elevate Indiana's well-regarded standards to an even higher level, said Rebecca Patrick, public relatio

    March 25, 2014

  • Advisers praise Edward Jones For the 19th time, the financial services firm Edward Jones ranked No. 1 in the WealthManagement.com./REP.magazine annual survey of the nation's six largest financial services firms, said spokesperson Regina DeLuca-Imral. There are four financial ad

    March 25, 2014

Featured Ads
AP Video
Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest
Seasonal Content
Hyperlocal Search
Premier Guide
Find a business

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

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.
Facebook