ANNUAL 2016 REPORT FOR DC REDEVELOPMENT COMMISSION

ANNUAL 2016 REPORT FOR DC REDEVELOPMENT COMMISSION

DEARBORN COUNTY, INDIANA

REDEVELOPMENT COMMISSION REPORT PURSUANT TO I.C. 36-7-14-13

DATE:  April 15, 2017

FROM:  DEARBORN COUNTY REDEVELOPMENT COMMISSION

NAME OF REDEVELOPMENT COMMISSION

MEMBER SUBMITTING FORM: James Deaton, President

TO:  INDIANA DEPARTMENT OF LOCAL GOVERNMENT FINANCE

DEARBORN COUNTY REDEVELOPMENT COMMISSION

DEARBORN COUNTY COUNCIL

CC:  Executive of Unit: Dearborn County Board of Commissioners

Shane McHenry, President of BOC

Kevin Lynch, Commissioner

Art Little, Commissioner

A:  2016 REDEVELOPMENT COMMISSION MEMBERS AND OFFICERS

President:  James (Jim) Deaton

Vice President:  Dave Deddens

Secretary:  James (Jim) Helms

Member:  John Rahe

Member:  Allen Goodman

Additional Redevelopment Commission Members, if applicable:  

Jamie Graf –School Board Member  

Names of Commission Members appointed during 2016:  Jamie Graf (replacing Dusty Burress)

Names of Commission Members removed during 2016:  None

B.  REGULAR EMPLOYEES (IF ANY) OF REDEVELOPMENT COMMISSION

Terri Randall – Lead Economic Development Officer

Sue Hayden – Part time clerical

C.  EXPENDITURES MADE DURING 2016 AND GENERAL PURPOSE

See attached report of expenditures by TIF District.

D.  RECIPIENTS OF LOAN OR GRANT OF 

     TAX INCREMENT REVENUES DURING 2016:  None

Dearborn County Redevelopment Commission Annual Report (Page 2)

E.  AMOUNT OF FUNDS ON HAND AT CLOSE OF CALENDAR YEAR 2016

Name of Fund 2016 Ending Balance

Fund 4301 (T15231)West Aurora/Washington Twp. $ 240,094.15

Fund 4302 (T15101) St. Leon Kelso/Harrison Twp. $ 177,620.68

Fund 4304 (T15602) West Harrison $   66,898.39

Fund 5603 (T15605) Whitewater Mill $   19,312.21

T15605 Skally’s Bakery $            0.00  

TIF Funds – Total: $ 503,925.43

F.  SUMMARY OF REDEVELOPMENT COMMISSION ACTIVITIES DURING 2016

The commission worked on a project to bring Skally’s Old World Bakery to a 36 acre parcel owned by the DCRC along I-74 in the West Harrison TIF District. The proposed project was a $20M real property investment with a 350,000 square foot food manufacturing facility. Additionally, the company would invest an additional $20M in capital equipment. The company parted ways with their initial financial partner and developer and began seeking financing independently. Much work was done to prepare appropriate resolutions, establish a new TIF district (to facilitate a TIF Bond as incentive) and facilitate economic development agreements. 

Activity in the West Aurora/Washington Township TIF District included recruitment and negotiation of incentives for a pickle manufacturer who purchased a site in the TIF district. They later purchased another site outside the TIF district. In 2016 much research and negotiation was performed around signage at the entrance of the Aurora Industrial Park. This included various options around ownership, easement, sign management, etc. The sign has been in disrepair and companies have been unable to add, remove or change their signage for many years. DCRC negotiated the possible purchase of two parcels located at the entrance where improved signage to serve the businesses located in the park will continue to be pursued into 2017. 

DCRC continues to work with Genesee & Wyoming short line railroad (that services Whitewater Mill, LLC) to develop long term strategies for growing business along the rail line. Additionally, other parcels in the West Harrison TIF District were evaluated for possible purchase and/or development.

Several “Requests for Information” were fielded through state, regional and local leads interested in sites in the Dearborn County TIF districts.