Batesville Herald Tribune, Batesville, Indiana

Local News

November 16, 2012

Efforts to boost FC economy eyed

(Continued)

BATESVILLE —

A company within a TIF area still must pay taxes.

The attorney emphasized, “TIF does not take money from the overlapping taxing units.

“It doesn’t create an appointed board with no oversight.” Three redevelopment commission members would be appointed by commissioners and two by the county council. “The body that appointed them can remove them at will at any time.” A sixth member has to be a school board trustee, who does not have voting rights.

“Creating a TIF area does not give a redevelopment commission any more rights to the land in the area you draw. If you’re a property owner and you saw  ... my property’s in there.” You  get nervous ... they would have to acquire it like any other citizen. They can’t change your land use. They can’t change your zoning.”

A TIF area must be approved by redevelopment commission, planning commission and commissioners.

Some redevelopment commissions get involved in buying or selling land. Land might be sold at a lower price to make the acreage more attractive to a company bringing jobs. “You may be in a situation where land is the incentive they're looking for. You pay for that land with the taxes they generate.”

If a city has its own redevelopment commission and TIF areas, such as Brookville and Batesville, those areas wouldn’t be a part of the county TIF district. Two redevelopment commissions would have to cooperate if an annexation occurs. 

Then it was time for questions and comments. Ken Konradi, Salt Creek Township, observed, “We’ve got several boards already that have taxation powers. If this board is appointed, that’s taxation without representation.” According to Lee, “The redevelopment commission is not going to levy a tax on you. They don’t have the power to levy taxes except in the situation” of a potential bond issue, which has to be approved by commissioners and the council.

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