The Common Council for the City of New Albany will have an uncommon meeting this evening, beginning at 6 p.m. for an educational session on TIF districts. Then, at 7:30, the meeting postponed after last Thursday's snow shower/ice coating will convene.
R-08-08 is a resolution regarding the expansion of the State Street/GreenValley Road/West Street Vicinity Economic Development Area, a TIF district previously discussed on these pages. The tax revenues derived from increased development in these districts is sequestered for use only in those areas. TIF districts are a means by which the city can target public investment and induce private investment, with the new revenues going to specified (usually infrastructure) projects.
The discussions this evening should be lively and it will be instructive to see where the new council members come down, both philosophically and practically. And it's hard to believe we won't get some amusing quotes from the usual grandstanding suspects.
This is one meeting where missing the early educational session would be a mistake. The voting will be an anticlimax. The work session should be both enlightening and entertaining.
Also on the agenda are additional appropriations for the unsafe building fund and the animal control fund, set for final reading and approval.
Noticeably missing from the agenda for this last February meeting is the second monthly installment of appropriations for Haven House, the homeless outreach program that received a $5,000 appropriation in January with the promise of similar appropriations in each of the following months.
With the next meeting of council scheduled just four days later, it will be interesting to see if that agenda has already been set.
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