Carroll County to begin residential TIF process in effort to stem predicted population losses over the next 24 years

Debbie Lowe, Staff Writer, Carroll County Comet

Wednesday, August 11, 2021 6:14 PM

The Carroll County Economic Development Corp. (EDC) Director Jake Adams reported to the Carroll County Redevelopment Commission that economists have predicted the population of Carroll County is expected to continue to decline for the next 24 years. He said a plan is needed to stave off the increasing gap of the populations between Tippecanoe and Howard counties and Carroll County. Adams said information from Indiana Packers Corporation (IPC) indicates of the roughly 2,900 employees at the plant, only 371 of them reside in the county.

Adams said developing residential tax incremental financing districts is a tool to leverage assets, support and upgrade infrastructure and compound growth. He said by making four areas in the county Residential Tax Incremental Financing (R-TIF) districts – near West Delphi at the top of the Pittsburg Hill, south Delphi near the Delphi Airport, which would include the newly developed Pond View Acres but no land north of SR25, east Camden which includes areas both north and south of SR218, east of Bringhurst and property southwest of Burlington.

Adams said conservatively the goal is to build a total of 771 homes in the next 25 years in those areas, which is approximately 1,745 acres. He said it is estimated about 25% of the families in the new homes, or 193 homes, would have children who could attend local schools.

Adams said the RDC is scheduled to hold a special meeting on Aug. 16 at 1 p.m. in the courthouse to adopt a Declaratory Resolution to establish the four Residential Tax Incremental Financing Districts. He said the Carroll Consolidated School Corporation is scheduled to adopt the Declaratory Resolution at its Aug. 17 meeting and the Carroll County Area Plan Commission (APC) is scheduled to review and adopt the document on Aug. 24. The Delphi Community School Corporation, which has wants cl a Memorandum of Understanding (MOU) before adoption is considered, is scheduled to discuss the RTIF “ at its September meeting.

Adams further stated the boundaries as established in the Declaratory Resolution can be modified to include other areas near the R-TIF districts. He said any taxing entity can also develop an MOU for their group.

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