Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
Show All Answers
In addition, certain types of vacant land can be designated for TIF. They include land that was blighted before becoming vacant; unused quarries, mines, or strip mine ponds; unused rail yards, rail tracks or railroad right-of-way; chronic flooding that adversely impacts on property in the area and is caused by improvements recently constructed in the area; unused or illegal disposal sites; and large areas that have been previously designated as a town center and meet other requirements.To be designated as an industrial park conservation area, a municipality must have a high unemployment rate and the area to be designated must be located within the municipality or within 1.5 miles of the municipal boundaries and be annexed to the municipality; be zoned industrial prior to the establishment of the TIF and contain vacant land suitable for an industrial park and a blighted or conservation area contiguous to the vacant land. To be designated as a conservation area, at least 50% of the structures in the improved area must be 35 years old; andThree of the 14 factors for designation of a blighted area and another factor entitled “excessive vacancies” must be present.
However, major changes such as adding parcels of property, changing land use, changing the nature of or extending the life of a TIF, increasing the number of low income households to be displaced, add new redevelopment costs to the budget, or increasing the budget by more than 5% after adjustments for inflation, require another public hearing, and all the opportunities for public input that were available during the initial establishment of the TIF district.