Luxury rental housing project in New Albany gets another blessing, by Daniel Suddeath (N and T)
NEW ALBANY — The city is moving a 154-unit downtown apartment project along at a swift pace after the development garnered a $3.3 million commitment from the state.
The New Albany City Council voted 8-0 Thursday to place the planned apartment project site — the former Coyle auto property along East Spring Street — into a tax-increment financing district.
“This is a big project that could not be done without a perfect marriage between the state, the city and Flaherty Collins,” said David Duggins, director of economic development and redevelopment for the city.
As part of the deal, Flaherty Collins signed-off on a minimum assessment agreement stating the developer will be responsible for paying the TIF tax ...
... The city is expected to foot some infrastructure improvements near the apartments, which could be under construction by late summer, and the New Albany Sewer Board may be asked to waive tap-in fees. Councilwoman Diane McCartin-Bendetti asked the administration to consider other incentives to waiving the tap-in fees.
It wouldn't be the first "perfect" marriage undermined by loose interpretations of the truth, because it seems that the Sewer Board already had been asked -- in fact, actually had approved the waiver at its meeting of March 12, a full week before the council's gathering, saving the developer somewhere in the neighborhood of $350K. From the board's March 12 minutes ...
I wonder when City Hall was planning on breaking the waiver news to council ... or perhaps they did, and Paddy Mac just torched the memo on sterno, like Mission Impossible.
This comes after the recent revelation that city attorney Gibson forgot the contents of the stormwater ordinance he wrote, and Pat McLaughlin forgot that council appointments are supposed to be made by council -- and is this really the sort of "fix always in" game-playing we need?
Yes, they build lots of nice things with your grandchild's future tax revenues, but where's the transparency?
And as pertains to the sewer board's waiver, where's the truthfulness?
Where's the hologram?