HomeMy WebLinkAbout2023 TIF Management Redevelopment Report Gateway TIF Management - Redevelopment Report
2024 submission for subject year 2023
Jeffersonville Civil City, Clark County
Jeffersonville Redevelopment Commission
Jeffersonville Redevelopment Authority
This unit has reported 8 TIF Districts
Personnel
Active Commissioners as of 12/31/2023
'Name Title Active at Active Start Active at Active End
Year Start Date Year End Date
Duard Avery member Yes Yes
Scott Hawkins President Yes Yes
Mike Moore member Yes Yes
Matt Owens Secretary Yes Yes
Teresa Perkins member Yes Yes
Jack Vissing Vice President Yes Yes
Commissioners Removed in Prior Year
None
Employees
Name Amount Salary/Compensation
DeLynn Rutherford $61,550.32 Salary
Theresa Threadway $42,217.77 Compensation
,Robert Waiz $101,501.76 Salary
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Finances
TIF District Expenditures & Revenues
TIF District Revenue Received Expenses Paid
T10300 - Falls Landing $3,365,522.40 $4,300,157.31
T10301 - Inner City Roads $14,694,941.05 $11,757,718.62
T10302 - Bethnova $347,260.46 $132,300.06
T10303 - Galvstar $1,066,417.44 $256,350.05
T10304 - Keystone $199,006.72 $143,452.50
T10305 -Vogt Valve $828,510.15 $355,590.06
T10306 -Jeff Boat Redevelopment Area $0.00 $0.00
T10307 - Riverview Lot Falls Landing $0.00 $0.00
Total: $20,501,658.22 $16,945,568.60
Gateway TIF Management - Redevelopment Report
Redevelopment Expenditures
Category Subcategory Expenditur Description Amount
e Code
Personal Services Salaries and D101 Wages $332,499.18
Wages
Supplies Office Supplies D201 Supplies $1,925.65
Services and Other Services D301 Services $244,425.28
Charges and Charges
Grants/Loans
None
Final Notes
None
Fund Balances Expand All , Collapse All
Fund Name TIF Name Notes Balance
4445 Total $27,281,676.89
4446 Total $5,497,336.94
4447 Total $989,556.54
4448 Total $199,489.63
4449 Total $5,965,495.94
4450 Total $3,449,451.08
4451 Total $0.00
4452 Total $0.00
Total $43,383,007.02
Gateway TIF Management - Redevelopment Report
T10300 - Falls Landing (1 of 8)
Original Establishment Area:
Falls Landing Riverfront Redevelopment Area
Gateway Redevelopment Area
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Economic redevelopment area
Establishment Date:
03/01/1982
Expiration Date:
02/01/2033
Description:
None
Expansion Areas:
None
Debts:
Debt Name Amount Owed Amount Paid
Tax Increment Revenue Bonds of 2005, Series A
Tax Increment Revenue Bonds of 2013, Series A $1,130,000.00 $155,694.00
Tax Increment Revenue Bonds of 2013, Series C $2,830,000.00 $399,382.00
Lease Rental Refunding Revenue Bonds, Series 2004
Taxable Tax Increment Revenue Bonds of 2005, Series B
Parcels:
Real Poperty: 724
Personal Property: 0
Other: 0
Total: 724
Total Gross AV: $201,981,000.00
Total Net AV: $153,318,295.00
Total Base AV: $16,476,563.00
Total Inc. AV: $136,841,732.00
Gateway TIF Management - Redevelopment Report
T10301 - Inner City Roads (2 of 8)
Original Establishment Area:
Inner City Road Economic Development Area
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Economic redevelopment area
Establishment Date:
12/22/1995
Expiration Date:
02/01/2032
Description:
None
Expansion Areas:
# Name Est. Date Exp. Date Description Status
01 Inner City Rds 01/27/2016 01/27/2041 Active
Expansion 2016
02 Inner City Rds 01/27/2021 Unknown adding parcels Active
Expansion 2021
Debts:
Debt Name Amount Owed Amount Paid
Redevelopment Lease Rental Refunding Revenue Bonds of 2009 $0.00 $0.00
State Infrastructure Bank Loan $0.00 $0.00
Redevelopment District Tax Increment Revenue Bonds of 2008 $585,000.00 $253,837.00
Tax Increment Revenue Bonds of 2013, Series B $2,555,000.00 $778,050.00
Tax Increment Revenue Bonds of 2013, Series D $1,080,000.00 $327,627.50
Tax Increment Revenue Bonds of 2013, Series E $1,750,000.00 $74,876.00
Taxable Tax Increment Revenue Bonds of 2005, Series B
Economic Development Lease Rental Bonds of 2017 $9,830,000.00 $2,950,800.00
Sewage Works Refunding Revenue Bonds, Series 2017A
Sewage Works Refunding Revenue Bonds, Series 2017B
Bond Anticipation Notes of 2012
Parcels:
Real Poperty: 3204
Personal Property: 0
Other: 0
Gateway TIF Management - Redevelopment Report
Total: 3204
Total Gross AV: $892,870,000.00
Total Net AV $722,077,338.00
Total Base AV: $163,380,600.00
Total Inc. AV: $558,696,738.00
Gateway TIF Management - Redevelopment Report
T10302 - Bethnova (3 of 8)
Original Establishment Area:
Beth-Nova Economic Development Area
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Economic redevelopment area
Establishment Date:
04/26/2000
Expiration Date:
01/01/2027
Description:
None
Expansion Areas:
None
Debts:
Debt Name Amount Owed Amount Paid
First Mortgage Bonds, Series 2006 A
First Mortgage Bonds, Series 2006B
Economic Development Lease Rental Refunding Bonds of 2016 $2,295,000.00 $132,300.06
Parcels:
Real Poperty: 4
Personal Property: 0
Other: 0
Total: 4
Total Gross AV: $14,147,500.00
Total Net AV: $12,066,873.00
Total Base AV: $0.00
Total Inc. AV: $12,066,873.00
Gateway TIF Management - Redevelopment Report
T10303 - Galvstar (4 of 8)
Original Establishment Area:
Galvstar Economic Development Ara
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Economic redevelopment area
Establishment Date:
05/04/1998
Expiration Date:
02/01/2030
Description:
None
Expansion Areas:
None
Debts:
Debt Name Amount Owed Amount Paid
First Mortgage Bonds, Series 2006 A
First Mortgage Bonds, Series 2006E
Economic Development Lease Rental Refunding Bonds of 2016 $2,295,000.00 $256,350.05
Parcels:
Real Poperty: 1
Personal Property: 1
Other: 0
Total: 2
Total Gross AV: $37,056,690.00
Total Net AV: $37,056,690.00
Total Base AV: $0.00
Total Inc. AV: $37,056,690.00
Gateway TIF Management - Redevelopment Report
T1 0304 - Keystone (5 of 8)
Original Establishment Area:
Keystone Industrial Park Project Economic Development Ara
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Economic redevelopment area
Establishment Date:
07/29/1998
Expiration Date:
01/01/2029
Description:
None
Expansion Areas:
None
Debts:
Debt Name Amount Owed Amount Paid
First Mortgage Bonds, Series 2006 A
Economic Development Lease Rental Refunding Bonds of 2016 $2,295,000.00 $66,160.00
Parcels:
Real Poperty: 15
Personal Property: 0
Other: 0
Total: 15
Total Gross AV: $6,925,600.00
Total Net AV: $6,925,600.00
Total Base AV: $9,887.00
Total Inc.AV: $6,915,713.00
Gateway TIF Management - Redevelopment Report
T10305 - Vogt Valve (6 of 8)
Original Establishment Area:
Vogt Valve Economic Development Area
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Economic redevelopment area
Establishment Date:
07/29/1998
Expiration Date:
07/30/2028
Description:
None
Expansion Areas:
None
Debts:
Debt Name Amount Owed Amount Paid
First Mortgage Bonds, Series 2006 A
First Mortgage Bonds, Series 2006B
First Mortgage Bonds, Series 2006C
Economic Development Lease Rental Refunding Bonds of 2016 $2,295,000.00 $355,590.06
Parcels:
Real Poperty: 13
Personal Property: 3
Other: 0
Total: 16
Total Gross AV: $126,644,720.00
Total Net AV: $126,644,720.00
Total Base AV: $0.00
Total Inc. AV: $126,644,720.00
Gateway TIF Management - Redevelopment Report
T10306 - Jeff Boat Redevelopment Area (7 of 8)
Original Establishment Area:
Jeff Boat Redevelopment Area
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Redevelopment project area
Establishment Date:
12/04/2023
Expiration Date:
12/04/2048
Description:
Allow for local public roads and sewer improvement, assist in the development of nearby land for recreational,
residential and commercial use. Provide public facilities for future residential and commercial development in
the area.
Expansion Areas:
None
Debts:
'Debt Name Amount Owed Amount Paid'
Parcels:
Real Poperty: 1
Personal Property: 0
Other: 0
Total: 1
Total Gross AV: $0.00
Total Net AV: $0.00
Total Base AV: $0.00
Total Inc. AV: $0.00
T10307 - Riverview Lot Falls Landing (8 of 8)
Original Establishment Area:
Riverview Lots Falls Landing
Indiana Code under which the TIF district is established:
IC 36-7-14
This TIF district is part of the following:
Redevelopment project area
Establishment Date:
12/04/2023
Expiration Date:
12/03/2048
Description:
Remove certain parcels from the original Falls Landing allocation area to designate removed area as a new
allocation area.
Expansion Areas:
None
Debts:
Debt Name Amount Owed Amount Paid
Parcels:
Real Poperty: 1
Personal Property: 0
Other: 0
Total: 1
Total Gross AV: $0.00
Total Net AV: $0.00
Total Base AV: $0.00
Total Inc. AV: $0.00