Thursday, May 23, 2013

May 23, 2013 LeBel Questions James Craine on East End Food City TIF and Masengill Springs Food City TIF

On May 21, the Morristown City Council approved a $2.5 TIF (tax incremental financing) for the Masengill Springs Food City by a 4-3 vote. In favor were Alvis, Bivens, Chesney, and Thomas and opposed were Garrett, LeBel, and Senter.

These videos show what took place before the vote on the Masengill Springs TIF.

James Craine, vice-chairman of the IDB, stated that he performed the Masengill Springs economic impact study that is the basis for the IDB's recommendation of a TIF. Craine said that he was requested to perform the study by the IDB of which he is a member. He added that he was paid approximately $5,000.00 for his work. [Apologies for the poor video but the audio is clear]

LeBel then grilled Craine about the IDB's handling of the only currently active TIF--the east end Barton Springs Food City TIF.

LeBel also questioned Craine about the Masengill Springs TIF that was on the council's agenda and that was later approved by a 4-3 vote.


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