OFS requests TIF district, land swap for expansionMarch 20, 2019
By CANDY NEAL
HUNTINGBURG — OFS has plans to expand its warehouse and transportation building at 1008 Styline Drive in Huntingburg, a multi-million-dollar project that will take about three years to complete.
The company wants to capture the tax increment financing revenue for that property to help pay for the project.
OFS will request that the city separate the 17 acres of land on which the warehouse sits from the Northwest Industrial TIF District and make it its own TIF district, attorney Bill Kaiser explained to the Huntingburg Redevelopment Commission Tuesday evening.
“This facility is extremely important to the long-term health, efficiency and profitability of OFS and its position in the community,” Kaiser said. “They really need tax increment financing in order to finance the construction of this building.”
OFS receives parts and supplies from national and global companies.
“They have to get stored and shipped out to plants as they are manufacturing different products and furniture that OFS sells,” Kaiser explained.
The company plans to expand the Styline Drive building to the north, to 12th Street, and to the south, near Ninth Street.
“The hope is that they can start this summer and do the southern construction,” Kaiser said, “and then in 2020 and 2021 complete the northern construction.”
OFS wants to make the facility big enough to receive and store all parts materials the company receives. More docks will be added, making the facility the central location for its trucks to pick up materials to deliver to the different OFS plants.
As part of this project, OFS will also request that the city swap a half acre of land the city owns along Ninth Street between Styline Drive and Moenkhaus Drive. For that, OFS will give the city a half acre of property located west of Styline Drive that runs south from Ninth Street. That swap would be a benefit for the city’s utilities, Planning Director Paul Lake said.
Because the company is hoping to start work on the project soon, the process for creating the new TIF district and the land swap will be discussed again Tuesday. The redevelopment commission will consider the TIF district requests during a special meeting that will be held at 5:15 p.m. Tuesday in the first floor conference room at City Hall, 508 E. Fourth St.
The land-swap request will be presented to the Huntingburg Common Council at its meeting, which will be held at 5:30 p.m. Tuesday, in the council chambers, on the second floor of City Hall.
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