Syracuse, Ind., officials hope industrial growth and new jobs will result by extending utility lines to recreational vehicle builder Ameri-Camp LLC, according to a report in the Fort Wayne Journal Gazette.
During a special town council meeting Tuesday (Aug. 1), the Syracuse Town Council will hear a proposal from the Elkhart County Redevelopment Commission on creating a tax increment finance, or TIF, district for Ameri-Camp, Syracuse Town Manager Jeff Noffsinger said.
Ameri-Camp plans a $7.1 million expansion to its facility and wants to hook into Syracuse’s sewer and water utilities, Noffsinger said. If a tax increment finance district is established, it will allow Elkhart County to take the tax money Ameri-Camp pays and use it to pay the bond Syracuse will obtain for the utility extension.
Ameri-Camp was acquired in late April 2005 by a company headed by Fred Hassan, owner of Florida-based SunCoast RV which operates 16 stores primarily in the southeast.
Although Ameri-Camp has a Syracuse address, it is outside the Syracuse town limit in Elkhart County.
Ameri-Camp officials have said the company will add about 175 jobs in 2006-07. Most will be manufacturing positions but there will also be some management and engineering jobs, as well. In 2008, Ameri-Camp expects to add about 75 jobs.
A tax increment finance district allows communities to capture tax revenue generated in a designated area and use that money for road, sewer and other infrastructure improvements.
In this case, it would allow Syracuse to sell bonds to finance the utility extension and pay the money back with future tax revenue from the area.
Noffsinger said town officials are hopeful even more jobs could be created after the town buys a 60-acre tract near Ameri-Camp to develop into an industrial park.