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Joy Sessing asked Jason about the new statute that goes in to effect on July 1, 2011. <br /> Jason explained that before 2008 the Town just had to approve expansion of the TIF <br /> areas and amend. After 2008 the only way is to prove your Tll stream isn't enough to <br /> handle TIF commitments and then go thru four or five steps to expand or set up a new <br /> TIE District. The statute also gives the council more flexibility. If a company requests , <br /> ten year abatement and they qualify, they can request for no taxes to be paid for the full <br /> ten years. If the Town Council chooses not to grant the company's request, that company <br /> could go elsewhere to get the request granted. <br /> Chairman Gutzwiller reported the commission had a number of projects pending and <br /> have offers extended on the projects so his opinion is to retain the increment allocation <br /> for 2012 payable. <br /> A motion was made by Commissioner Corman with a second by Commissioner Haskins <br /> to retain the increment allocation for 2012 payable. Motion carried 4-0. <br /> A motion was made by Commissioner Watkins with a second by Commissioner Colman <br /> to approve Harold Gutzwiller as signatory. Motion carried 4-0. • <br /> Chairman Gutzwiller reported the Indy Tractor issue is still outstanding. <br /> 'There being no further business to come before the commission at this time a motion was <br /> made by Commissioner Haskins to adjourn. / <br /> hairman j <br /> ATTEST: <br /> / <br /> Sccret e ' <br />