Warsaw Redevelopment Commissions Approves Claims, Notice In Short Meeting
May 20, 2024 at 9:47 p.m.
Claims and a notice concerning the Warsaw Redevelopment Commission’s tax allocation areas were unanimously approved during a short commission meeting Monday.
Claims included $950 from Huntington National Bank for administration fees; $7,500 from Animal House Glass for the first payment for the “Reflection” sculpture, which the commission previously approved a contract with, with the money to be used for materials; $4,000 from Prince Land Surveying for work done in regards to the consolidation of the North and Central tax increment financing districts; $3,000 each from Verne V. Mitchell & Associates Inc. and Griffin Real Estate Service Inc. for appraisals for the Danco property on Executive Drive; and $76,480.25 from Huntington National Bank for the first payment and administration fees for the Marketplace of Warsaw bond.
Whitney Shilling, Warsaw Community and Economic Development administrative assistant, said the average of both of the appraisals of the Danco property is $1,662,500.
Danco is expanding, and they have also extended a gas line out by the Warsaw Tech Park. The Redevelopment Commission is contributing half a million dollars toward that gas line extension as it also will serve the Tech Park. The Commission plans to acquire the Danco property on Executive Drive and then dispose of it back to Danco, which is why the appraisals were required.
On the excess assessed value notice on the agenda, Shilling said, “This is done every year. It has to be done prior to June 15. We just have to make the county aware if we’re passing through any excess TIF and this is letting them know we are not.”
The letter, to the Kosciusko County auditor, Warsaw City Council and all overlapping taxing units, states, “In accordance with Indiana Code 36-7-14-39(b)(4)(B) (the ‘Act’), the Warsaw Redevelopment Commission (the ‘Commission’) is hereby notifying you of the following determination that it has made concerning its tax allocation area(s) for 2024 taxes payable 2025. The Commission has determined that there is no ‘excess assessed value’ that may be allocated to the overlapping taxing units in the manner prescribed in subdivision (1) of the Act.”
After the commission approved it, Shilling said she will send it to all the overlapping taxing units.
Claims and a notice concerning the Warsaw Redevelopment Commission’s tax allocation areas were unanimously approved during a short commission meeting Monday.
Claims included $950 from Huntington National Bank for administration fees; $7,500 from Animal House Glass for the first payment for the “Reflection” sculpture, which the commission previously approved a contract with, with the money to be used for materials; $4,000 from Prince Land Surveying for work done in regards to the consolidation of the North and Central tax increment financing districts; $3,000 each from Verne V. Mitchell & Associates Inc. and Griffin Real Estate Service Inc. for appraisals for the Danco property on Executive Drive; and $76,480.25 from Huntington National Bank for the first payment and administration fees for the Marketplace of Warsaw bond.
Whitney Shilling, Warsaw Community and Economic Development administrative assistant, said the average of both of the appraisals of the Danco property is $1,662,500.
Danco is expanding, and they have also extended a gas line out by the Warsaw Tech Park. The Redevelopment Commission is contributing half a million dollars toward that gas line extension as it also will serve the Tech Park. The Commission plans to acquire the Danco property on Executive Drive and then dispose of it back to Danco, which is why the appraisals were required.
On the excess assessed value notice on the agenda, Shilling said, “This is done every year. It has to be done prior to June 15. We just have to make the county aware if we’re passing through any excess TIF and this is letting them know we are not.”
The letter, to the Kosciusko County auditor, Warsaw City Council and all overlapping taxing units, states, “In accordance with Indiana Code 36-7-14-39(b)(4)(B) (the ‘Act’), the Warsaw Redevelopment Commission (the ‘Commission’) is hereby notifying you of the following determination that it has made concerning its tax allocation area(s) for 2024 taxes payable 2025. The Commission has determined that there is no ‘excess assessed value’ that may be allocated to the overlapping taxing units in the manner prescribed in subdivision (1) of the Act.”
After the commission approved it, Shilling said she will send it to all the overlapping taxing units.