By Leah Sander
InkFreeNews

WARSAW — The process is moving along to establish two residential tax increment financing districts in Kosciusko County.

At its meeting on Thursday, Sept. 8, the Kosciusko County Redevelopment Commission heard that news from Kosciusko Economic Development Corp. CEO Alan Tio.

Tio said that initial studies done by Baker Tilly for proposed residential TIF districts at Etna Green and at the site of the former South Shore golf course at Syracuse have found that the areas are “eligible” for those TIFs.

TIF districts allow new property taxes generated within the district to be set aside for economic development projects including (but not limited) to infrastructure.

He also detailed next steps.

“The next step would be really then to focus in on beginning to estimate the TIF increment, I believe, that would be generated and do that analysis, look at the impacts of creating the TIF areas and then work with the commission of course through identifying — if you decide to proceed — what are the steps involved, the timelines for approvals and make sure those are well-aligned,” he said.

The commission’s next meeting is 1:30 p.m. Thursday, Nov. 10, at the Kosciusko County Courthouse’s Old Courtroom.