Links to documents/articles:
One North Washington Project
Final RDA revision, approved 9/6/16
Tax Increment Financing (TIF) Plan and Program
City’s web page with traffic, parking, economic impact studies
General TIF Information
Does Tax Increment Financing (TIF) generate economic development?
Tax Increment Financing: A Bad Bargain for Taxpayers
Tax-Increment Financing–The Need for Increased Transparency and Accountability in Local Economic Development Subsidies
Tax Increment Financing–Opportunities and Concerns
For a rosier view of TIFs, visit the City’s Redevelopment Plan page
Financial Information for TIFs 1 and 3
Accounting for 2016 through July (statement from City Finance Director: “The current year status is not an accurate account of where the TIF’s will end the year because expenses that we know we will incur have not hit yet and we have not received all property taxes. The City Council authorized a loan to TIF 1 from the General Fund to finish Houston Street. Those funds will be repaid to the GF with interest over a period of 4 years. I have attached a trial balance through July of this year that shows current state of TIF 1 & TIF 3. The loan shows as due to General Fund.”): TIF TB July 2016
TIF 1 history: Revenue; Expenses
Baptist Church Purchase History
July 18, 2005, Item 28, straight out of Executive Session, City Council passes Resolution Authorizing Execution of Contract to Purchase Real Estate [Baptist church] for Public Roadway Purposes . Baptist Church to be bought by City for $715,000.
June 5, 2006 revised Resolution Reauthorizing Execution of Contract to Purchase Real Estate for Public Roadway Purposes passed, initial closing date changed to Oct 30-Dec 31, 2006 (church members would rent the church from the City till after they had moved into their new church)
October 24, 2006–before closing date–Community Development Committee: Discussion of the Rt. 25 Jog Project–Recommendation to abandon Project.
November 6, 2006, within closing time frame, Presentation recommending abandoning Rt 25 jog project
December 4, 2006, still withing closing time frame, unanimous vote, Approval: Termination of Rt 25 “Jog” Project
December 15, 2006, church property is closed on and deed is transferred. Note the purchase occurs under the Resolution “for Public Roadway Purposes” though it is clearly not for public roadway purposes at this point.
2009 — There was an offer to buy the church, which was later turned down: http://www.kcchronicle.com/2009/07/16/batavia-church-offers-to-buy-former-first-baptist-building/aahds0m/?page=1
Dated November 30, 2009, a plan for development of the downtown church property was issued that includes preservation of the church, mixed use buildings on Wilson St., town homes on Washington St., and a condominium/retail complex that steps down to River St. (much like the Plan Commission has suggested for the proposed Shodeen project to diminish the size): http://www.cityofbatavia.net/documentcenter/view/211
List of companies receiving Request for Qualifications in 2013, from which there were no responses (including Shodeen). Shodeen was then approached by City Administrator Bill McGrath and Economic Development Consultant, Chris Aiston, and the 1 N. Washington Project was born.