KOSCIUSKO COUNTY — During yesterday’s Kosciusko County Redevelopment Commission meeting, Michelle Puckett, Kosciusko County Auditor, approached the board with updates on two tif districts.
According to Puckett, excess funds have been amassed from both the Van Buren Tif, which is near Maple Leaf, as well as the Dreyfus Tif. Puckett explained these tifs have paid their respective bonds, leaving excess funds to accrue.
Currently the Van Buren tif has a total of $120,008.85 raised with the Dreyfus tif holding $65,866.72. Puckett explained these funds are first used to pay on any bonds the tif may have and are then saved for infrastructure work, including road repaving and patching.
Puckett noted two years ago, the county repaved approximately two miles of road near CR 700S. These repairs cost the county $132,000. With funds where they currently stand, Puckett explained it may be a few years before balances are high enough to pave a larger section of road in respective tif districts.
Once balances are high enough, Puckett explained roads will be assessed to determine the degree of repairs necessary. She noted these repairs are a big bonus for the community as they are typically well traveled — especially by heavy semis that cause more stress to roads.