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Redevelopment Commission Minutes
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Chairman Kollmeyer asked attorney Currens if they added just the Adams property, <br /> would they have to go thru all the steps and then a year later Mr. Hall says we want to <br /> come in to Town do we have to go thru the whole process again. Attorney Currens <br /> answered if we were not increasing by more than twenty percent we would not have to go <br /> thru all the steps. He said it had been a long time since the original plan that to run this <br /> all thru and renew it was not a bad idea and the focus will be changed in the original area <br /> and the focus you are changing is far pure of what the original intent was. <br /> <br />Mike Shaver, Wabash Scientific, told the commission he had written the original plan <br />and the amendments to the plan. He said one important thing to remember in a <br />generalized way was the legislature has basically mettled with the entire taxing process to <br />the point that people are pulling their hair out. There is an ongoing issue in the <br />Legislature they are trying to dodge the fact things were messed up in reassessment. It <br />has thrown everything into a huge mess. The one thing they haven't been able to mess <br />with too much is the fact that TIF bonds are out there, even though you guys have more <br />revenue than you have obligations, other T1F areas are barely able to cover them so they <br />have not been messing with this too much because if they do they mess up bond ratings <br />in New York and the entire state could end up in huge lawsuits for bonds that were <br />defaulted upon. How that comes back to your commission, as Lauren was saying the <br />school funding formula has been mettled with and now basically if the commission gives <br />to the schools, then the State is going to take it away and spend it someplace else. What <br />has happened here is seven of the eight cents you would be able to save by passing <br />money thru comes to Town and schools is distributed $100 here and $100 there, not that <br />this isn't significant but if they need to build a transportation facility, that gets kind of <br />difficult to do. As Lauren pointed out, Carmel has nine economic development areas and <br />one redevelopment area. When they began in 1995 each of those areas were separated by <br />large areas of undeveloped land and over the course of seven to nine years, those areas <br />which had each accomplished a purpose and had expanded they have now grown <br />together. On one side of a street it is Area A and on the other side of the street it is Area <br />B, but a common person could not just look there and tell, they are both TIF areas, even <br />though they are separately identified. In Carmel's case in 2000 when it became clear <br />these areas were going to grow together they created something called an integrated <br />economic development plan where we reminded everybody of all the goals in which they <br />had begun on each of these separate areas and looked at each of these goals again and <br />integrated them into one comprehensive set of goals and projects so everybody <br />understood that even though legally one was created in 1997 and one in 1998, they no <br />longer functioned as separate districts and we created a plan that said here is the <br />umbrella, we have accomplished all that we were trying to accomplish and now we are <br />putting the community on notice that this is the way the redevelopment commission is <br />trying to do the stuff the plan commission said was appropriate to do when they did the <br />new comprehensive plan. We have to be very careful about the primary impact. So you <br />need to make sure you put a specific proposal on the table and then run the impact thru so <br />you understand what has happened to you and that the legislature hasn't somewhere <br />inadvertently side swiped your whole intent. In Carmel when we did this integrated plan, <br />we are now doing an amendment for 2004, and what we are specifically putting on the <br /> <br /> <br />
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