Mt. Vernon Register-News

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February 1, 2014

TIF district gets funds

MT. VERNON — The city council will discuss adding $250,000 to the Downtown Tax Increment Finance district.

“The council feels we’ve had great success with the Downtown TIF,” said City Manager Ron Neibert. “At this time, there is $85,000 available in new funds. The council wants to continue the positive momentum with the district and allocate funds to help with TIF projects.”

The $250,000 would be a loan from the General Corporate Fund of the city.

At this time, there are several outstanding TIF inducements, and Neibert said 12 TIF applications are slated to be reviewed for possible allocations by the TIF Review Board on Feb. 18.

During fiscal year 2012-13, the Downtown TIF showed $180,403 in improvements, according to the city audit.

The board will consider the move during its regular council meeting on Monday night. In addition, the council will:

n Hear a request to bid construction at South 34th Street and Samaritan Way;

n Hear a capital projects report;

n Receive official “Tank of the Year” designation from Tnemec for the Times Square Mall water tower;

n Hold a second reading on a rezoning request by Martin & Bayley for its property at 1801 S. 10th Street from B2 to P-PL to allow for expansion of the Hucks store;

n Hold a second reading on a conditional use for a day care center and church for the former Franklin Early Childhood Center on Harrison Street requested by Antioch International Assembly; and

n Discuss a resolution approving a contract addendum regarding South 34th Street work.

The council will meet 7 p.m. Monday at the Rolland W. Lewis Community Building at Veterans Park.

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