Goshen News, Goshen, IN

Local News

March 1, 2013

Money starts to come in for Benton TIF

GOSHEN — Its been about seven years now, but the South Benton Tax Increment Finance district is finally generating some income for the town of Syracuse.

Such was the news announced during a meeting of the Elkhart County Redevelopment Commission Thursday evening. During the meeting, County Plan Director Chris Godlewski described the origins of the South Benton TIF and why it has taken so long to generate any revenue for the town.

“This was actually created around 2006-2007, and it’s located immediately north of the town of Syracuse but in Elkhart County on Ind. 13 and south of U.S. 6,” Godlewski said of the TIF district. “It was started as part of a plan for an extension of development north of Syracuse, and its just taken that long (to generate any revenue). There has only been one addition to a manufacturing building which has slowly earned TIF revenue, and we’re just now ready to do a payment.”

To date, Godlewski indicated that the South Benton TIF currently contains approximately $66,700. Through an interlocal agreement established between the commission and the town, the commission will receive 15 percent of revenue generated through the TIF, while the town will receive 85 percent.

“We would get $9,859.37, which would all go to pay reimbursement for legal expenses,” Godlewski said. “Then the remainder, which is about $55,000, would go to the town of Syracuse.”

While revenue is finally beginning to trickle in through the long-running TIF, Godlewski noted that it could take some time for that TIF revenue to make any kind of significant dent in the more than $1 million the town has spent to date to extend water and sewer lines to the town’s north side.

“Over the last seven years they’ve spent approximately $1 million to put in water and sewer up to Ind. 13 and up to these existing manufacturing buildings, and the thought is that new buildings will be built to tap into those lines.”

Due to the uncertain nature of the TIF’s revenue-generating ability moving forward, Godlewski recommended that the board look at handling the payment agreement on a yearly basis for the time being.

“Next year, we would come up with either a different amount or try to figure out more of a long-term payment,” Godlewski said. “Coming up with a long-term agreement may be tough, because we don’t know how much revenue we’ll continue to raise. We might just have to continue to do it on a yearly basis and see how it goes.”

With the TIF appropriation approved by the Redevelopment Commission, the appropriation is now set to go before the Elkhart County Council during their upcoming April meeting for final review and possible passage.

1
Text Only
Local News
  • NAPPANEE BOARD OF WORKS: Refurbished home brings less than cost NAPPANEE — A house that was refurbished through a grant program has been sold by city officials.On Monday, Scott Hughes of Hughes and Associates, brought an offer to Nappanee Board of Works members for the house at 151 Van Buren St. The city purchase

    July 30, 2014

  • BIZ GN0730 Growing kids daycare image New day care center will open in August GOSHEN — There’s a Main Street in downtown Goshen and now there’s another, shorter Main Street in Goshen. The new road is located inside the new Growing Kids Learning Center.The newly-built center is located at Elkhart Road and C.R. 17. The day care

    July 30, 2014 1 Photo

  • GN140730 Spore mug Child's death prompts carbon monoxide awareness SYRACUSE — In the wake of the carbon monoxide poisoning death of 12-year-old Skyler Spore, the Syracuse community is raising awareness about the dangers of the deadly gas.

    July 30, 2014 1 Photo

  • NWS GN140730 stormwater board Orchard annexation gets $500,000 boost Stormwater board increases contribution toward $7.5 million project

    July 30, 2014 1 Photo

  • GN140730 city council summit 01 Street chief says more money needed to avoid cutting services GOSHEN — The last year has been a particularly rough one for the Goshen Street Department, and the budget for 2015 is likely going to reflect much of that pain in the form of a significant increase in funding requests.

    July 29, 2014 2 Photos

  • Jace Michael Mast TOPEKA — Jace Michael Mast, infant son of Earl and Esther (Lambright) Mast of Topeka, was stillborn at 9:40 p.m. Monday at Dupont Hospital, Fort Wayne. In addition to his parents, he is survived by a brother, Evan Wade Mast, at home; grandparents, Ri

    July 29, 2014

  • nipsco property Construction to close N. Fifth St. for most of a year

    GOSHEN — Motorists who use North Fifth Street should plan to find a new route for the coming year. Monday the Goshen Board of Works and Safety members accepted bids for a North Fifth Street reconstruction project from Clinton Street to Crescent Stree

    July 29, 2014 1 Photo

  • SLIDESHOW: Pets of the Week Cats and dogs looking for loving homes at the Humane Society of Elkhart County. These are the final days of the HSEC's July special: adopt in July and receive 25 percent off your adoption fee for dogs and cats under 5 years old or 50 percent off those 5-years-old or better.

    July 29, 2014 11 Photos

  • SLIDESHOW: The week in photos

    July 29, 2014

  • School board All Chandler students to get free lunches

    July 28, 2014 1 Photo

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Poll

With military action and tensions escalating between Russia and Ukraine, as well as Israel and Palestine, are you worried that the U.S. and other nations may get drawn into these conflicts?

Yes, it is a great concern of mine
I’m a little worried, but not too much
No, I’m not worried at all
     View Results
AP Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue