Showing posts with label TIF. Show all posts
Showing posts with label TIF. Show all posts

Monday, August 25, 2014

August 25, 2014 Morristown City Council Spends Taxpayer Dollars for 2-day Workshop Get-Away in Gatlinburg

The Morristown City Council met at the Edgewater Hotel and Convention Center in Gatlinburg on Friday, August 22 and Saturday, August 23.


Lots of interesting discussions and comments from the Mayor and councilmembers.


Zero "press" present.


For some reason, the local "news"paper chooses to give the councilmembers privacy in these retreat meetings--even though these meetings, called strategic planning workshops, are public meetings in which public business is discussed.


It is a shame that the council often chooses to meet away from Morristown for these workshops. Mr. Cox has previously scheduled overnight workshops at the Carnegie Hotel in Johnson City and at the Meadowview Resort Center in Kingsport.


There will be more on the "retreat," but here is a starter video where the council--that has been condemning and demolishing substandard houses for several years now--discusses two downtown eyesores that have been ignored.  


Click on the link for the video of LeBel discusses giving TIFs (tax increment financing) to the owners as an economic incentive; Chesney proposes new city "Belk and Bradley's" city ordinances; and Garrett mentions the city condemning and tearing the buildings down.


 https://www.youtube.com/watch?v=68-1HR9vyZk&list=UUC_cDe1XLFQo1ytNNoF1nxg

Wednesday, August 20, 2014

August 20, 2014 Industrial Board Elects Officers Today

At the Morristown Industrial Development Board meeting this morning, the IDB will be electing "officers."


The current officers are Chairman Jack Fishman, Vice-chairman James Craine, and Secretary Marshall Ramsey.


It appears that the IDB is holding an election right now because one of its current officers (Marshall Ramsey) has been serving on the Board and has been signing legal documents for the Board for nearly two years without even being qualified to serve on the Board.


The most basic qualification for IDB membership is that an individual has to be a city voter--i. e. they reside in the City or they live outside the city but own property in the city. [This came from a discussion I had with IDB Attorney Bill Foutch about IDB qualifications several months ago]


Another requirement is that an IDB member can't serve on any other city board.

Ramsey lives in the county.


When questions about Ramsey not meeting IDB qualifications were raised recently, George McGuffin (of MUS and McGuffin Law fame), Don "TIF" Bunch, and Wayman Skelton came to Ramsey's rescue. They deeded a city lot in Hampton West to Ramsey on July 1, 2014, which made Ramsey a city property owner. With that freshly-signed July 1, 2014, deed in hand, Ramsey was re-appointed by city council to the IDB on---yep---July 1, 2014.


Now to tidy things up, the IDB is electing officers so its newly-qualified member Marshall Ramsey can be officially elected as secretary to the Board and can legally sign IDB documents.


And, yes, it is possible that someone else could be elected secretary or to any of the other offices today.


Another item of interest for future posts: Ramsey was not the only member of the 16-person Industrial Board who had been serving without being qualified to serve on the Board...more on the others later.

Monday, August 18, 2014

August 18, 2014 Industrial Board Meets This Wednesday (8/20/14)

This week, the Industrial Board holds a special meeting on Wednesday, August 20, at 7:30, in the basement of the Chamber building.


On the City website, it says the meeting is for the election of officers, more action on the TIF at Popkin Center (the Food City on part of the Berkline site), and any other business that may properly come before the Board.


In addition to placing notice of this meeting on the City website, the Industrial Board put notice of this meeting in the "news"paper owned by the Industrial Board Chair Jack Fishman.


Let's see if the "news"paper changes its practice and sends one of Jack's reporters to cover this meeting.

More on the Industrial Board later---what you don't see in the "news"paper that is controlled by the IDB Chair Jack Fishman.


It was interesting to read the "news"paper's report on the special MUS meeting last week. The meeting was described as being the "second revision" of the third list of nominees for the Board seat currently held by Gene Jolley last week. Why an original list followed  by two revisions?


Because the MUS Board with five members with over 80 years experience apparently didn't know that MUS Board members can't serve on any other city board and/or didn't bother to check (TWICE) whether its nominees were on other Boards.


Scroll down for the two posts on the MUS nominees. The second revision of the third list goes to the Mayor and council tomorrow.



Tuesday, June 11, 2013

June 11, 2013 Industrial Development Board Meeting Tomorrow

The Industrial Development Board (IDB) of the City of Morristown meets tomorrow at 1 PM for a called meeting at the Chamber of Commerce building at 825 West First North Street.

The meetings are typically in the basement of the Chamber building.

Notice of IDB meetings is not usually found in the public notice section of the local "news"paper."

To find out about these meetings, you have to go to the Chamber building and check the bulletin board every day or you have to go to City Hall to see if notice of an IDB meeting has been posted on the city bulletin board or you can check the city website to see if a meeting is listed on the city calendar of events.

IDB meetings are open to the public.
Tomorrow's meeting begins at 1 PM.
[Most recent IDB "public meetings" have begun at 7:30 AM or 8:00 AM.]

According to the City website, the IDB agenda is as follows:

Approval of summarization of May 8, 2013, meeting.
Consider approval of grading in ETPC (East Tennessee Progress Center).
ETPC property agreement discussion.
Consider request for TIF exclusions.
"Any and all other business that may properly come before the Board."

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.


 




Friday, November 13, 2009

November 13, 2009 City upset at WATE-TV questions regarding finances

Yesterday's City Finance Committee meeting was long.  I will go into more detail this weekend.

Although it was not on the agenda, there were several comments about calls that councilmembers had received from WATE-TV in Knoxville about the financial condition of the city.  The WATE website report is here.  I heard that WATE also discussed the city's financial situation during its evening news report yesterday.

Apparently, the WATE reporter had been told of the city's financial situation (not good at all) and was planning to come to the Finance Committee meeting if cuts were to be discussed. 

Mr. Wampler spoke to the reporter and told her that proposed cuts had not been prepared and would not be discussed at yesterday's meeting, so WATE didn't come.

While the Mayor and councilmembers are trying to calm everybody down about the city's finances, they are also considering selling some city property (off Sulphur Springs Road) to raise money for the general fund.

Yesterday, there was also discussion about a TIF agreement (tax increment financing) in which the City will more or less give up collecting real and personal property taxes for a lengthy period of time and instead will allow tax money to be used for development of property along E. Morris Boulevard between S. Liberty Hill Road and Montvue.  The Industrial Board is working this out and the proposal to give up taxes for a period of time will be pitched to the city and to the county. 

The owner or developer of the property, according to Finance Chair Frank McGuffin, is All Star Construction. McGuffin expects that city sales tax revenue would increase with the proposed largely retail development. And after the TIF ends (maybe 15 years or so), the real estate and personal property taxes on the land and equipment would then be available to the city for the general fund.

[Tax Increment Financing typically dedicates tax increments (increased tax revenues) within a certain defined district to finance the debt that was issued to pay for infrastructure and other improvements.]