Harrison hearing set
Jefferson Pointe in tax area
http://www.fortwayne.com/mld/fortwayne/news/local/17251218.htm
"Residents will have one more chance to speak out about the Harrison Square project, but the decision is likely made.
The Fort Wayne Redevelopment Commission will conduct a public hearing at 4:30 p.m. Monday regarding its final vote on expanding a special tax district to finance the downtown project.
Because the City Council chambers are under construction, the meeting will take place in the subbasement auditorium in the downtown Allen County Public Library, 900 Library Plaza."
"The City Council approved the project, but the commission has the last vote on expanding a tax increment finance district necessary for Harrison Square to exist."
"The city has planned to begin construction on the Harrison Square this fall and hopes to host the Wizards’ opening day downtown in 2009."
Saturday, May 19, 2007
Another Day, Another Hearing
Posted by scott spaulding at 5/19/2007 08:31:00 AM
Labels: Harrison Square, Redevelopment Commission, TIF
Subscribe to:
Post Comments (Atom)
3 comments:
All who feel that extension of this EDA for another 30 years and extending it to include the unrelated, 3 miles away, Harrison Square area, please attend this meeting - There is no way that the Redevelopment Commission can win the court battle that will result in turning down our remonstrance. The distance from Jefferson Pointe, the promise by them in 2005 when they passed Amendment I to this EDA (to use the excess TIF money to correct the the problems on the Jefferson corridor between Calhoun St. downtown and the intersection of Illinois & Jefferson), the illegal purchase of the Harrison Square property PRIOR to the passage of thus Amendment II, and the lack of the two appraisals required by the applicable Indiana Code prior to these purchases.
The other item that will be presented by owners and managers of retail business in Jefferson Pointe and along the Jefferson corridor is the unfairness of using TIF dollars earned from their real estate to fund the infrastructure for an area to be occupied by their competitors. Since the original EDA involving Apple Glen in 1992 and Jefferson Pointe later, almost all excess TIF income from there has been used to pay the bonds for the impovements at the Jefferson Illinois EDA. Harrison Square should do the same and not"steal" from the existing EDA!
Another item they cannnot defend is the part of the controlling Indiana Code that says, "when the TIF fund reaches an amount that will pay the principle and interest on bonds and other obligations of the EDA, then the balance of revenue collected for the life of the EDA will revert to the General Property Tax fund" - to enable funding our public schools, our city salaries, and including the presently unfunded fire and police pensions (our Common Council can, by resolution, accomplish this !).
PLEASE HELP US OUT ON THIS We know this amendment is without "public utility" and "benefit".
Thanks John B. Kalb
Thanks for the invitation to the meeting John, but I think I'll pass.
Tim
Get over it John B.
Post a Comment