HomeMy WebLinkAboutRIVER RIDGE RIVER RIDGE
COMMERCE CENTER
July 14, 2017
Ms. Vicki Conlin
Clerk Treasurer
500 Quartermaster Court
Jeffersonville, IN 47130
RE: Capture of Incremental Assessed Value for the River Ridge Development
Authority
Dear Ms. Conlin:
In accordance with the provisions of IC 36-7-30-25, the River Ridge Development
Authority has determined that there is no excess assessed value that may be allocated to
the respective taxing units in the manner prescribed in subdivision (1) of IC 36-7-14-39
(b) (1). All funds being collected are required to fund infrastructure improvements
necessary to facilitate redevelopment inside the "Indiana Army Ammunition Plant
Reuse Authority Allocation Area."
Over the next several years, the total cost of on-site improvements is projected to exceed
$250 Million. These improvements include construction of new road ways, new utility
facilities and associated demolition/site preparation.
If you have any questions or need additional information, please do not hesitate to call.
Sincerely,
Je7r . Ac EcD
Executive irector
River Ridge Development Authority
6200 E.Highway 62, J. Mark Robinson,President
Building 2501, Suite 600 Norman E."Ned"Pfau, Vice President
Jeffersonville, IN 47130 Kim Matthews, Secretary/Treasurer
[T]812-285-8979 Patrick J. Glotzbach, Member
[F]812-285-8983 Philip W. "Phil'McCauley, Il, Member
www.riverridgecc.com
RIVER RIDGE DEVELOPMENT AUTHORITY