The group gathered at the Osage Beach city hall last night to learn about their advisory role in the process.
The group is considering a $5.1 million dollar reimbursible cost for the $34.4 million dollar plan to bring a Dierbergs and Best Buy to the center. A different TIF plan was presented last year for the land while the buildings were still standing.
David Bushek, an attorney with Gilmore and Bell, says the finding of blight does not change now that the buildings are gone.
“The definition of blight in the TIF act requires the city to evaluate more than just conditions of buildings,” Bushek said. “So the fact that there are no buildings on the property, the city can still find the property to be blighted. That has happened in many previous situations.”
Bushek says the blight finding in this case will focus on the economic liability that the empty lot presents.
“The property is not being used at its highest and best use and it’s not producing the kind of tax revenue that it could produce for the city and all of the tax districts.”
The first public hearing on the plans will be December 1st at the Osage Beach city hall.
“The TIF commission will open its public hearing on December 1st, if they get through all of the evidence and testimony it may also close on December 1st.”
“They also have the option to continue it as has happened occasionally in the past, but the public hearing will open on December 1st.”