Silver Dollar City and Indian Point (they hate it when I call it a Silver Dollar City TIF) will very likely be getting the financing they need to build new access roads. Here's the scoop...
Members of the Stone County Tax Increment Finance (TIF) commission have been selected. The nine member board will be making a recommendation to the Stone County Commission on what they feel the fate of the Herschend Family Entertainment Corporation’s (HFEC) proposal should be. Although the Stone County Commissioners are not obligated to follow advice given by the TIF commission, Stone County Presiding Commission George E. Cutbirth says, “The TIF Commission is a watchdog group. Whatever recommendation they give us is the one we will go with.“
Six of the nine members on the board were selected by the Stone County Commissioner’s. Eleven Stone County citizens applied. The six chosen were Richard Chaney for two years, Dan Seaman for two years, Richard Erickson for three years, Ray Wilson for three years, Nita Ayres for four years and Jeanette Hoynacki for four years.
The Reeds Spring school board selected Jennifer Busen and Angela Besendorfer who will serve on the board for the duration of the TIF project. Kevin McCoy was selected to represent the other tax districts affected by the TIF. McCoy was the only qualified applicant proposed to the Stone County Commissioners.
If HFEC’s plan is accepted by the TIF commission $5 million in redevelopment bonds will be issued to improve road access to Indian Hills and Silver Dollar City. The members of the TIF commission are expected to assemble for the first time within the next two weeks and submit a recommendation to the county commissioners within 90 days. Fifty percent of tax revenue about and beyond Silver Dollar City’s 2006 contribution would be used to finance the construction project.
It's a cakewalk, if you care - ask me why.