June 15
th
Letter
Date: ___________________
VIA CERTIFIED MAIL, RETURN RECEIPT REQUESTED
Zionsville Community School Corporation
Debbie Ungar, School Board President
900 Mulberry Street
Zionsville, IN 46077
Dear Board President:
The Whitestown Redevelopment Commission (the “Commission”) has previously established
Allocation Areas (the “TIF Allocation Areas”) for purposes of capturing tax increment revenues pursuant
to IC 36-7-14-39 and IC 36-7-14-39.3 (the “TIF Revenues”). This is to notify you pursuant to IC 36-7-14-
39 and 50 IAC 8-2-4, on behalf of the Commission, that the Commission has determined that, for budget
year 2022, the Commission will need to capture all of the incremental assessed value from the TIF
Allocation Areas in order to generate TIF Revenues sufficient to meet the Commission’s outstanding debt
service obligations, to pay for projects that are located in or directly serve or benefit the TIF Allocation
Area, and to meet other purposes permitted by IC 36-7-14-39(b)(3). Therefore, the Commission has
determined that (a) there is no excess assessed value from the TIF Allocation Areas that may be allocated
to the respective taxing units for budget year 2022 pursuant to IC 36-7-14-39(b)(4), and (b) all potential
captured assessment (as defined in 50 IAC 8-1-16) with respect to the TIF Allocation Areas in 2022 shall
be captured assessment (as defined in 50 IAC8-1-10).
Sincerely,
_____________________
President
Whitestown Redevelopment Commission
[Send to: Boone County Auditor, the unit’s fiscal body (City, Town or County Council), and to each taxing unit that
is wholly or partly located within each such Allocation Area, and also (in an electronic format—see
http://in.gov/dlgf/9107.htm) to the Indiana Department of Local Government Finance, in the manner set forth in IC
36-7-14-39(b)(4)(B).]
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