Hendricks County Flyer, Avon, IN

Local News

April 26, 2013

Council approves grant letter, talks TIF

BROWNSBURG — The town council here presided over a few hot button issues Thursday night at its bi-monthly meeting, both from a concrete and philosophical perspective.

In what Town Manager Grant Kleinhenz called an “exciting” development, the council approved a joint grant letter to the Metropolitan Planning Organization requesting $9.2 million for the construction of Ronald Reagan Parkway from U.S. 136 South to County Road 300 North. The total cost of the project is estimated at $18.4 million.

Of the remainder of the funding, $6.7 million would come from the Town of Brownsburg and $2.5 million from the county in what Kleinhenz  said was a “great partnership.” A decision for the funding could come as early as October of this year, meaning construction could get started in 2014.

“This is a great opportunity for us to partner with the county to get a project done that everyone feels will be a huge benefit to not only our economic development, but that of the county as well,” Kleinhenz said.

If the grant is approved, funds would likely be disbursed in 2016. Kleinhenz said the design engineering for that section of the road is already done. The right of way was obtained by the county and is nearly complete.

 

Kleinhenz said they had only requested 50 percent of the funding, which is somewhat unusual.

“Usually those are 80/20 requests, but we are being told by those in the know that competition is going to be great and if we can do a 50 percent project, that will score some extra points for us,” he said, noting that a portion of the funding would come from a cash balance in the tax increment financing district (TIF).

 

That statement led into a discussion of the TIF pass through funds as usage is determined by the Redevelopment Commission (RDC).

Councilman Dave Richardson called for a discussion on the matter even though the council has no ability to direct the RDC to make a decision. Councilmen Rob Kendall and Gary Hood are both a part of the RDC.

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