Veedersburg Redevelopment Commission
The Veedersburg Redevelopment Commission (VRC) was founded in 1990 as part of a statutory requirement when Tax Increment Financing (TIF) districts are formed. The commission consists of five members appointed by the town council for one year terms with re-appointments to be made annually.
Current members are: Mark Summers: President, Mark Rusk: Vice-President, Teresa Cooper: Secretary, Clay Smith: Member, Mike Booe: Member.
VRC meetings are held on the first Monday of each month at 5:30 p.m. at the town community room.
The public is encouraged to attend.
Over the years, the TIF areas have increased to include more than the original Masterguard and Krupp Gerlach properties. Property taxes from these areas (business only-not residential) are distributed directly into the Veedersburg Redevelopment Commission Fund.
It is a redevelopment commission’s mission to address the conditions associated with areas in need of redevelopment and underutilization of land and/or barriers to development (economic development areas). Generally, bonds payable from TIF may be used to finance the cost of redevelopment and the construction of public improvements in the redevelopment project area or projects that directly serve or benefit that area. For example, the proceeds of TIF bonds may be used for redevelopment activities including the construction of local public improvements such as public ways, sidewalks, sewer, waterlines, parking facilities and park or recreational areas.
Over the years some projects have included: scout cabin, park and pool improvements; street paving; assistance with fire truck, police car and town clock; demolition of grain elevator and downtown buildings; sewer project, town computer upgrades; police tazer gun and bullet proof vests; brick welcome sign columns at the town entrances; lights and poles along highway 136; the Big 4 Walking Trail; bond pay off of the water tower; purchase of a street sweeper; the 8th street water and sewer extension; Christmas lights; downtown sidewalks, lights and infrastructure; municipal building sidewalks, steps, ramps and lights; Mill Street project in conjunction with INDOT funding; stabilization of 109 East Second Street and a memorial gazebo near the municipal building.