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oath ~~~ I~.edc~c~lo~.ent an~zss~o~~ <br />en~ar 14~cetin -Aprz} ~, X07 <br />5. OLD BUSINESS (CONT.) <br />A. ~~n~~~~ued... <br />is i~~ t}~e statt~tc to alla~v the arnisio~~ to capt~~re <br />a~~ e~cl~~de certai~~ proe~'ty teat's co~n~ng an dine. <br />The assessment date ~na~ be ~~sl~ed r~~ or ~~no~ed <br />~ac~c to a~~n~ ~ni~lor adj~~~tn~er~ts, hn.t resetting the <br />aet~~a} assessed ~a}~~e itse~~` is not ~th~n the <br />a~~~~~lissian's pauper. fir. Pee~~~v~ski as}~ed v~hat <br />t~7.at ~Ctl.On does ~-ffeCt. <br />NI~~. I~e~1~e repo~~ded that at the tine a Tip area is <br />sec}a~•ed, basc ascss~ne~~t date is estab~~shed aid <br />~~ s~~a~~s~~ot is taken o~`the assessed ~alt~c afthe T~F <br />~~e~~, I~~ futrtre dears ~~~ ~nc~ree~} assessed ~a~~~e, <br />o~e~, t}~e I~ae assss~~~e~at~ is a~ai}ah}e ~ T~~ <br />re~e~~~~~;. I there ar~~d be some be~~eft to the <br />an~~nission to change t~~.at base assessment dear, <br />it ~~as t}~e a~~th.or~ty to da tha.t. <br />fir, Pec~kou~s}~~ asked ~f r~ve have been ~oi~~g that <br />~1-. Deane didn't think sa. fir. ~'ecz}~o~vs~~ felt <br />teat tic tax laid co~~id be lou~e~-ed by selecting a <br />c}~~te l~flt}~ }over assessed ~ral«e. <br />fir. Iii ng responded that the a~~~~r reason the <br />~"~n~n~issiar~ v~auid reset the base assessn~ent date <br />of a TIF is to tnax~~~.~e the increment. <br />1V~.r. I~ca~e noted that it's a tool tl~at vie can laal~ at <br />as projects came ~'orv~ard, i~`it v~ouid be <br />adva~~tageou to do that. <br />Nor . Peczkol~~ noted that this any came p <br />bec~~se o~ the habitat tax abatement. If that base <br />asscss~nent vas ~ov~er to ber~~ ~v~tll, we a~idn't <br />have to ~~ave abatements ~~~ that area, e au~d <br />1~;~t~fe tl~e assess~ne~~t as a~ne~~abie as passible gar <br />the i~~'gal~l"lat~Un that its to do pro~eet ~n that <br />area. <br /> <br />