City Continues Process Of Creating New TIF Districts
November 5, 2019 at 12:53 a.m.
By David [email protected]
The Plan Commission will be asked to approve the two resolutions Nov. 12, with the Warsaw School Board and Warsaw Common Council then to follow suit. After those boards’ approvals, the Redevelopment Commission will then need to approve a declaratory resolution at its December meeting for the residential tax increment finance districts.
One resolution was for a northern residential TIF district, and the other was for a southern district.
City Planner Jeremy Skinner told the board the process was started about a month ago and there were four public meetings – two at Harrison Elementary School and two at Eisenhower Elementary School. That was the first step in the process.
“We’ve completed an application. We submitted that to the state for approval,” he said. “All of this is coming out of the state allowing for the creation of residential TIF districts, which is new. The intent is to be able to help communities generate new housing.”
He said the city has targeted two areas – the north and the south of the city.
The northern residential TIF is about 600 acres and encompasses the Menards area, down Husky Trail, out to CR 225E, Shadow Lakes and Bella Gusta area. Skinner said there’s about 102 developable acres out there.
“The intent is to promote residential development,” Skinner said, adding later that the focus will be on workforce single-family homes.
The southern district is a little larger area, Skinner said. It runs from CR 200S north to Warsaw Community High School. Shady Crest is the westbound boundary, with Winona Lake being the eastbound boundary.
The life term of the residential districts is 20 years.
The city, county and Kosciusko County Community Foundation are having a housing study completed that is expected to be finished by year’s end.
The Redevelopment Commission also approved the replatting of the mixed-use portion of the Buffalo Street project. The Board of Public Works and Safety approved the replat at its meeting Friday.
Lot 1 will be the primary area of the mixed-used building, with lot 2 being Canal Street, lot 3 being the maintenance building of the Parks and Recreation Department and lot 4 is the additional lot that the city bought to the south.
The replatting will go before the Plan Commission at its Nov. 12 meeting.
The Plan Commission will be asked to approve the two resolutions Nov. 12, with the Warsaw School Board and Warsaw Common Council then to follow suit. After those boards’ approvals, the Redevelopment Commission will then need to approve a declaratory resolution at its December meeting for the residential tax increment finance districts.
One resolution was for a northern residential TIF district, and the other was for a southern district.
City Planner Jeremy Skinner told the board the process was started about a month ago and there were four public meetings – two at Harrison Elementary School and two at Eisenhower Elementary School. That was the first step in the process.
“We’ve completed an application. We submitted that to the state for approval,” he said. “All of this is coming out of the state allowing for the creation of residential TIF districts, which is new. The intent is to be able to help communities generate new housing.”
He said the city has targeted two areas – the north and the south of the city.
The northern residential TIF is about 600 acres and encompasses the Menards area, down Husky Trail, out to CR 225E, Shadow Lakes and Bella Gusta area. Skinner said there’s about 102 developable acres out there.
“The intent is to promote residential development,” Skinner said, adding later that the focus will be on workforce single-family homes.
The southern district is a little larger area, Skinner said. It runs from CR 200S north to Warsaw Community High School. Shady Crest is the westbound boundary, with Winona Lake being the eastbound boundary.
The life term of the residential districts is 20 years.
The city, county and Kosciusko County Community Foundation are having a housing study completed that is expected to be finished by year’s end.
The Redevelopment Commission also approved the replatting of the mixed-use portion of the Buffalo Street project. The Board of Public Works and Safety approved the replat at its meeting Friday.
Lot 1 will be the primary area of the mixed-used building, with lot 2 being Canal Street, lot 3 being the maintenance building of the Parks and Recreation Department and lot 4 is the additional lot that the city bought to the south.
The replatting will go before the Plan Commission at its Nov. 12 meeting.
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