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a TIF district if it is not within the town limits. None of this land is inside the town limits. Mr. <br />Currens said it would need to be in the town-taxing district, because you are controlling monies <br />that go to your taxing district under your control. He said the annexation of the Adams property <br />is in the process and by the time they have a plan ready the annexation should be completed. <br />Mrs. Humes said the Wayne Merriman farm on the South side of Merfiman Road is available <br />and he would like to see that developed for industrial use. There is a commercial development <br />along State Road 67, which is between the Merriman property and St. Rd. 67 and that <br />commercial development would need to be annexed into town to be able to annex the Merriman <br />property, because it does not have continuity for annexation. She said it is getting very hard to <br />find industrial sites, particularly something of hundred acres The Martha Haught property is <br />eight-five acres they will consider selling project by project. They will not sell to developers or <br />to owners of Flagstaff Park. They want to know company and what they do that goes on that <br />property, which is their prerogative. If we had a project they would be willing to sell, the next <br />thing would be to bring that land into the town limits. She said she has talked to the family <br />several time and they do not see any reason to annex their farmland into the town. She said they <br />have been very cooperative and she can show the property anytime she wants, but they want the <br />final review on what goes on that site. The site is now being recommended instead of the Adams <br />property. The drainage is very poor and was formally an airfield and it had a water drainage <br />problem at that time. She has engineers come and look at the eighty-five acres to see if it would <br />be suitable for the project they want to get. They have said for site preparation it would need to <br />be totally tiled or you would always have problems. This cost greatly increases site preparation <br />cost. <br /> <br /> Next was Michael R Shaver, Wabash Scientific, Inc. He was asked about two kinds of <br /> amendments to the plan. First one was to include new territory to be developed that might add to <br /> the increment and conversely there might be areas that need to be deleted. He said in the original <br /> plan the reason for including the old part of town was to benefit the residential areas, like the <br /> improvement to the streets and sidewalks. The second part was to be able to add new projects. <br /> They had described those in a general way, because it is impossible, at the planning level, to <br /> know what the different town departments might need when it comes time to pay for that. So <br /> the issue is what kind of projects are needed or wanted. He said that the project that Mr. <br /> Warthen brought up at the last meeting could be funded by TIF revenue if the plan is constructed <br /> in the right way to make the community comfortable. He said the purpose of the amendments <br /> was to set down with the Redevelopment Commission, Town Council, Department Heads and <br /> talk about what kind of things they have on the agenda that they might need. Then try to match <br /> those needs with the TIF revenue to the best of their ability considering what' s legitimate and <br /> what's not. Then put that before the Town Attorney and the bond council to make sure <br /> everybody feel comfortable with that. The overall idea is to save the people of the town as <br /> much money as you can and how you use this revenue. Mr. Bryant ask if the storm sewer <br /> system in the old part of town is practically non existent so could this be included in the <br /> redevelopment plan to improve this situation? Mr. Shaver said infrastructure was included in <br /> the original plan and the storm sewer could be added to the new plan. Mr. Currens said the plan <br /> needed to be clarified to include the storm sewer system. Mr. Nelson asked how the process <br /> should go in defining the projects? Mr. Shaver said sometime you need an economic analysis <br /> and sometime you can get to the same point by good heads getting together. He said his only <br /> suggestion was to have a public discussion on the project, put it out to the public and if no one <br /> <br /> 4 <br /> <br /> <br />