Central to that annexation request is a plan by Lippert to use the property as the location of a new $20 million facility focused on light manufacturing, research and development with the potential for multiple facilities at the site. The company builds components for the recreational vehicle industry.
PROJECTS
As part of the approved annexation, the city has agreed to extend water and sewer lines to the C.R. 36 property, which can then be utilized by the proposed Lippert development. The city will also construct new curbs and gutters and a 10-foot-wide sidewalk along C.R. 36 from the railroad tracks to C.R. 31.
For its part, Lippert will be responsible for the initial cost of all necessary right of way acquisition, design, field investigation, geotechnical work, permitting and construction of the proposed infrastructure. The city will then reimburse Lippert for those expenses through the use of revenues generated through the new TIF district.
THE TIF
Tuesday’s meeting marked the third time the request had come before the council in as many months, as some on the council members had requested more time to research the implications of TIF usage and consider all the pros and cons of the proposal before making their final decision.
The new Lippert/Dierdorff Economic Development Area TIF as approved Tuesday includes the following real estate:
• Part of the real estate located east of the railroad tracks, west of C.R. 31, and north of College Avenue/C.R. 36, now referred to as the Lippert parcels
• Four parcels of real estate located north of College Avenue/C.R. 36, including the railroad parcels and two parcels southwest of the railroad tracks and east of the Springbrook Subdivision, now referred to as the Lippert Manufacturing parcels. These four parcels will be carved out of the existing Southeast Economic Development Area and added to the Lippert/Dierdorff Economic Development Area.
• Eight residential parcels of real estate north of College Avenue, west of Horn Ditch including two parcels on either side of the entrance into Springbrook Subdivision, now referred to as the residential parcels.
• Parcels of real estate east of Dierdorff Road, south of College Avenue and north of Eisenhower Drive North, but also including five parcels west and immediately adjacent to Dierdorff Road and two parcels east and immediately adjacent to Dierdorff Road north of College Avenue, now referred to as the Dierdorff Road Parcels.
TIF PLAN
A total of $15 million in construction and maintenance projects have been identified within the boundaries of the new TIF district and will receive funding support from that TIF district, according to the resolution.
A sampling of those planned projects includes: