Liberty Twp TIF projects as presented

Liberty Twp.Economic Development Plan

(Hospital area / US-6 TIF)Tax Incremental Financing

Pre-Planning meeting for presentation to RDC on March 17th, 2016.

Only new business, commercial, or industrial development is affected.

But the opportunity for local revenue is within our grasp, withinfrastructure and schools the chief beneficiaries as well as local jobsand economic improvement.

Proposed TIF area

…basics from the plan…

Full plan is at http://www.porterco.org/DocumentCenter/View/2590

It is the goal of this Plan to address the underutilization of land and the barriers to itseconomic development and redevelopment. Planning requires a set of goals andobjectives, identification of economic development opportunities, strategic land useplanning, and interaction between the Commission, the County’s Plan Commission,County administrators and key policy makers.…The goals of the Plan are a combination of the Porter County, Indiana Corridor Plan,that was adopted on May 19, 2009, and the Porter County Land Use and ThoroughfarePlan, adopted in May of 2001.

What is a TIF?


Tax increment financing (TIF) is a public financing method that is used as a subsidy forredevelopment, infrastructure, and other community-improvement projects in manycountries, including the United States. Similar or related value capture strategies areused around the world. Through the use of TIF, municipalities can dedicate future taxrevenues of a "particular business or group of businesses toward an economicdevelopment project in the community.“

The value of ALL the properties inside the district is assessed or calculated and thetotal amount of property tax generated by all those properties is noted – let’s call thatnumber the BASE AMOUNT OF PROPERTY TAX REVENUES. The life span of a TIF districtis determined by need. For the life span all property revenue ABOVE this BASEAMOUNT is captured by the TIF district. This amount – the amount over the BASE iscalled the INCREMENTAL REVENUE.

What is a TIF?

Tax increment financing (TIF) subsidies are considered to be among the "most powerfuland important tools currently available to cities to promote redevelopment of blightedproperties.“To provide the needed subsidy, the urban renewal district, or TIF district, is essentiallyalways drawn around hundreds or thousands of acres of additional real estate (beyondthe project site) to provide the needed borrowing capacity for the project or projects.The borrowing capacity is established by committing all normal yearly future realestate tax increases from every parcel in the TIF district (for 10–25 years, or more)along with the anticipated new tax revenue eventually coming from the project orprojects themselves.The completion of a public or private project can at times result in an increase in thevalue of surrounding real estate, which generates additional tax revenue. Sales-taxrevenue may also increase, and jobs may be added



Goals identified as part of this Plan include:

• Creation of an environment within the Township which will contribute to the health,safety and general welfare of the County and enhance the value of properties in theTownship and adjacent to the Area;

• Provision for community and economic development initiatives to stimulate not onlyeconomic development and private investment in the Township;

• Implementation of projects and/or programs developed to stimulate economicdevelopment and private investment in the Township;

• Improvement of the quality of life for the County through the implementation ofeconomic development opportunities presented to the County for the Township;



Goals identified as part of this Plan, CONT’D.:

• Encouragement and facilitation of investment in the Township conducive to attractingquality private investment that sets the standard and the trend for the healthyeconomic growth serving local, regional and transient consumers;

• Objectives are specific and statements detailing how to achieve the Commission’sgoals for the Township. The following objectives of this Plan have been established toguide the economic development planning of the Township;

• Retain and promote permanent jobs and employment opportunities that are a publicutility and benefit to the Township, the County and the State of Indiana;

• Stimulate increases in assessed valuation (property tax base) in the Area as a publicutility and benefit to the County;




• Diversify the County’s economic base as a public utility and benefit to the Township,the County and the State of Indiana;

• Encourage private investment in the Township to the extent feasible under the Actand when within the goals and objectives of the Commission and the County for theTownship. Achieve economic development opportunities which are integrated bothfunctionally and aesthetically with adjacent land uses and development that currentlyexist and that are intended to continue to exist in the Township in order to benefit theCounty;




• Encourage high standards of development architectural design, improving theaesthetic appearance and economic welfare of the Township through theencouragement of special design and development standards to ensure that new orexpanded development complements the architecture, adjacent land uses, buildingscale and size, and overall character of the Area and adjacent areas including but notlimited to buffers for adjacent residential development, existing or planned fordevelopment;

• Provide for the orderly physical and economic growth of the Township throughclosely monitored economic development projects and programs;




• Provide a safe, efficient and attractive traffic circulation system for the Townshipwhich (i) is sensitive to adjacent land use developments; (ii) minimizes conflictsbetween different forms of traffic such as, but not limited to, pedestrians, bike paths,automobiles, transit, and service vehicles within the Area; and (iii) coordinates theefficient ingress and egress to and from the Township from the I-90 corridor;

• Implement this Plan as a catalyst for future private investment and economicdevelopment not only in the Township but also along the Porter County Corridor,resulting in increased private investment in the Township and the County fromeconomic development and the creation of new employment opportunities for Countyresidents.


Hospital area:Meridian Rd east to N Calumet Ave.;700N north to 900N

SR 149 east to Meridian Rd.one parcel deep north and south sides of US 6.


Current Zoning in Liberty Twp. TIF area

US-6 CorridorStudy Overlay Plan – Central area -- Analysis

This crucial plan was delayed indefinitely by the county commissioners

What do we need to do –

• -- decide, in order of priority, what projects would benefit Liberty Twp. most.

• -- be at the March 17th meeting of the RDC, 8:30 in the morning.

• -- demand positive action on the US Hwy 6 Overlay plan from the Commissioners.

• -- demand positive action on the Liberty / Hospital Area TIF.

• -- vote in the May Primary for the best person to replace John Evans on the Republican ticket.

• -- don’t stop there!

Jim Biggs, Republican

John Cannon, Republican

Jeff Trout, Republican

Jeff Chidester, Democrat

The Commissioner Race, north dist. –

Only one will win the Primary and go on to the November election.

Next year one of these four will be our North District Commissioner. Which one will represent Liberty Township’s interests? --which one will push forward for the US Hwy 6 Overlay Plan? --which one will push forward for the Liberty TIF?--which one will work for and with Liberty Twp. residents?

Projects that a TIF in Liberty Twp. can be used for:

No. 1:

$$$$--Extension of sewer and water lines under SR 49 from hospital node to N Calumet Ave and south to US Hwy 6 and N Calumet Ave intersection.

Extend sanitary sewer/water from Hospital under 49 east to Hwy 6 and N CalumetRoad (NCR) - $1,403,000 (Sizes assumed, no capacity/service analysis.) Assumenew lift station at Hwy 6/NCR ($400,000) and 8” force main/associated gravity($350,000 includes boring under Hwy 49), 12” water main ($400,000 includes boringunder Hwy 49).

--estimated by Matthew Keiser, engineer.

$$$$--Extension of sewer and water lines under SR 49 from hospital node to N Calumet Ave and south to US Hwy 6 and N Calumet Ave intersection.

Projects that a TIF in Liberty Twp. can be used for:

No. 2:

$$--sidewalks from Liberty schools, east and west, to residential areas (Rugeville, Saddlebrook and Timberland, Fox Chase).

6’ Sidewalk from Meridian to CR 100W - $170,800. 3/4 mile (a sidewalk alreadyexists in front of the schools). Assumes local project, not federal money, no landacquisition, wetlands, utility relocation, etc.


$$--sidewalks from Liberty schools, east and west, to residential areas (Rugeville, Saddlebrook and Timberland, Fox Chase).

Projects that a TIF in Liberty Twp. can be used for:No. 3:

$$$--Extension of sewer and water lines south along Meridian to DR 700N.

Extend sanitary sewer/water from Hwy 6/Meridian south to CR 700 N -$1,250,650. (Sizes assumed, no capacity/service analysis.) Assume new liftstation location unknown ($400,000) and 8” force main/associated gravity($340,000), 12” watermain ($285,120).

Extend sanitary sewer/water from Hwy 6/Meridian east to Hwy 49 - $1,100,000.(Sizes assumed, no capacity/service analysis.) Assume new lift station locationunknown ($400,000) and 8” force main/associated gravity ($500,000), wateralready along Hwy 6.


$$$--Extension of sewer and water lines south along Meridian to DR 700N.

$--Development of Mau-Me-Nas Hill (in Timberland Estates) into a passive, public area.

$$--Development of Brookdale Park into expansion of Liberty Rec fields and active recreational features.

$$--Development with other groups of Damon Run Watershed Protection Plan ~ four miles.

Liberty Twp TIF projects as presented

Economy & Finance

Transcript of Liberty Twp TIF projects as presented