Given the posting of the minutes of the city council work session below regarding Joint Economic Development Districts (JEDD) and past discussions on Cooperative Economic Development Areas (CEDA), we thought this may make an interesting topic of the week. Obviously discussions of JEDD and CEDA are a great political move in continuing the cooperation between the city and township that began with the change in city council in 2003. However entering into agreements such as this must be more than political statements. JEDD and CEDA agreements can be binding for up to 99 years so any impetuous moves can obligate us, our children and grandchildren.
Both entities are required to invest capital in any venture and both should expect rewards. Both entities have different tax bases, different income streams and different requirements for spending that income. It should be expected by all taxpayers that investments and rewards should be shared equally, shouldn't it? If one entity is required to invest more than the other, should rewards be proportional to investment?
Shouldn?’t any agreement such as a JEDD or CEDA be studied extensively to assure taxpayers that their investment will be spent wisely and their rewards are realized equally and neither entity is unfairly burdened nor rewarded? Simply agreeing to any JEDD or CEDA for political purposes or to capitalize on a perceived opportunity in a very small development that is opposed by adjoining neighbors or a very large development that is opposed by a much larger group may be construed as a hasty move if all facts aren?’t presented to the public for study and comment.
Do you think that our governing bodies owe us clear explanations of the differences between a JEDD agreement and a CEDA agreement and how they apply to the opportunities arising?
Do you think that these governments owe us a look ahead at whatever agreement they wish to adopt so we have time to understand the commitments and rewards possible?
Do you think that if the city enters into agreements that seem to promote commercial development in the township rather than the city may give the perception that former councilmen in the city were right when they said that impact fees would push development out of the city and into the township?
How do you feel the schools should be involved in these economic opportunities? After all, don?’t both governing entities want to do what is best for the schools and include the impact on the schools in their decisions?
By Roadrunner and Coyote
Both entities are required to invest capital in any venture and both should expect rewards. Both entities have different tax bases, different income streams and different requirements for spending that income. It should be expected by all taxpayers that investments and rewards should be shared equally, shouldn't it? If one entity is required to invest more than the other, should rewards be proportional to investment?
Shouldn?’t any agreement such as a JEDD or CEDA be studied extensively to assure taxpayers that their investment will be spent wisely and their rewards are realized equally and neither entity is unfairly burdened nor rewarded? Simply agreeing to any JEDD or CEDA for political purposes or to capitalize on a perceived opportunity in a very small development that is opposed by adjoining neighbors or a very large development that is opposed by a much larger group may be construed as a hasty move if all facts aren?’t presented to the public for study and comment.
Do you think that our governing bodies owe us clear explanations of the differences between a JEDD agreement and a CEDA agreement and how they apply to the opportunities arising?
Do you think that these governments owe us a look ahead at whatever agreement they wish to adopt so we have time to understand the commitments and rewards possible?
Do you think that if the city enters into agreements that seem to promote commercial development in the township rather than the city may give the perception that former councilmen in the city were right when they said that impact fees would push development out of the city and into the township?
How do you feel the schools should be involved in these economic opportunities? After all, don?’t both governing entities want to do what is best for the schools and include the impact on the schools in their decisions?
By Roadrunner and Coyote