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<br />'--- <br /> <br />'--- <br /> <br />'--- <br /> <br />does Mooresville need with a TIF district." He further stated <br />that he was not present this evening to speak against TIF in <br />general for the reason that it is a tool that can be used to build <br />a city up or one which can tear it down if improperly used. He <br />stated that TIF districts were created to take a parcel of <br />underdeveloped ground and use the new buildings and development to <br />help pay for itself. It was his opinion that the TIF district was <br />not meant for things such as sewer repair. He did feel the new <br />development of the Caperton project would be ideal for a TIF <br />district to put in the sewer line and infrastructure. Mr. <br />Moldthan used the example of a new housing addition with 1,000 <br />homes being used for a TIF district. The new homes create <br />additional taxes for the TIF district; however, the new residents <br />create needs that the Town must serve, such as school, police and <br />fire protection, all of which would have to be made up by the <br />other taxpayers. He stated that the Food & Beverage Tax could be <br />used for the sewer repairs and money would still be left over. He <br /> <br /> <br />felt that the idea behind TIF was that if it were not for the TIF <br /> <br /> <br />district being used, that development would not take place. From <br /> <br /> <br />his observations, the Caperton project would certainly go forward <br /> <br />with or without the TIF district. Mr. Moldthan stated that this <br />was not the way to resolve problems in Mooresville and that <br />Mooresville was not different from any other community. He <br /> <br />further stated that the Indiana Department of Environmental <br />Management would not shut down Mooresville for its sewer problems <br /> <br /> <br />and that it was no different than any other community with <br /> <br /> <br />infiltration problems. He also raised the issue of default. In <br /> <br />-3- <br />