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For the record two pieces of written testimony have been received; one is a petition filed <br /> with the county auditor and another is a written request from the school corporation to <br /> include the property along Indianapolis Road the school owns into the plan in the <br /> property acquisition section of the plan. <br /> Next on the agenda is for the commission to review the comments made and submitted it <br /> and go through some of the issues brought up during the public hearing. <br /> I <br /> Chairman Gutzwiller stated he appreciates those attending this evening. The comments <br /> he wants to address and expand on some. Should the commission choose to use eminent <br /> domain they would have to come before another hearing. The commission can't do any <br /> in this plan they would have to do another amendment. The plan does not include any <br /> plans with the town for improvements to buildings. Ivy Tech is a non for profit <br /> university and a tax abatement cannot be granted. Loss of revenue; the redevelopment <br /> commission is charging payment in lieu of taxes to cover loss of revenue to the <br /> commission. This is a very narrow plan that provides activities only, a road map only. <br /> No return on investment; interesting comment from a direct financial aspect. The <br /> commission took an opportunity to bring a school of higher education to the community. <br /> They didn't look at financial investment. The return won't be immediate but will come <br /> in years. This will have a far reaching long term impact on the community. The plan i, <br /> does not create new TIF districts but just adding property to the districts. The other <br /> properties in front of the big building at Southbridge are suffering because there is not a <br /> big draw. Ivy Tech will draw more businesses in. <br /> A skill gap and workforce development is highlighted as a critical issue. The <br /> commission looked at communities to see what attracted Ivy Tech to them. The only way <br /> Ivy Tech can expand in most cases is to have the community invest in them. The <br /> comment about Brown Bark paying taxes and now no taxes would come in. Brown bark <br /> recently appealed the taxes and the amount dropped dramatically. The Redevelopment <br /> Commission lost that revenue. In the process of purchasing it is not the intent to hold <br /> onto the property solely to bring Ivy Tech here,the intent is to put the property back on <br /> the market and sell to a private owner. With leases there is hope to turn a profit on the <br /> sale of the property. Commissioner Stultz said his interest was to see children of <br /> Mooresville have a chance to go to college. Commissioner Watkins stated this endeavor <br /> was never started to make a profit but it might do that. Ivy Tech's long term plan was not <br /> to stay in the Mooresville High School. They were going to end up in the county <br /> somewhere. They want to have daytime classes. The loss of revenue to the school is a <br /> reality. Ivy Tech has said they would develop the curriculum around the local business. <br /> Chairman Gutzwiller suggestion for changes in the plan document: On page 2 expansion <br /> areas 2nd bullet delete Adams property because it is already included in a previous plan. <br /> Due to a technical issue J&J needs to be deleted at this time there was an error in the <br /> name during annexation. The property has not been annexed. On page 5 top first bullet <br /> delete offering tax abatement. On page 10 the end bullet on neighborhoods after word <br /> projects and does not anticipate use of eminent domain in this amendment. Changes in <br />