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Wednesday, September 19, 2018

News & Updates

Economic Redevelopment Commission

The Attica Redevelopment Commission was founded in 2017 as part of a statutory requirement when Tax Increment Financing (TIF) districts are formed. The commission consists of five members; 3 appointed by the Mayor and 2 by the City Council. Current members are Amber Sundt, Emily Harrison, Cindy Mason, Val Maus and Larry Askren.

In 2018, a TIF district was established in the City of Attica.  Property taxes from these areas (business only-not residential) will be distributed directly into the Attica Economic Redevelopment Commission Fund.

It is a redevelopment commission’s mission to address the conditions associated with areas in need of redevelopment and underutilization of land and/or barriers to development (economic development areas). Generally, bonds payable from TIF may be used to finance the cost of redevelopment and the construction of public improvements in the redevelopment project area or projects that directly serve or benefit that area. For example, the proceeds of TIF bonds may be used for redevelopment activities including the construction of local public improvements such as public ways, sidewalks, sewer, waterlines, parking facilities and park or recreational areas.

Economic Redevelopment Meetings are publicized and are open to the public.