NOTICE
In accordance with West Virginia code Sec.7-11B15, the following is the annual statement for The City of Weirton Three Springs Drive Tax Increment Financing District No, 1 (the “District”)-Public Infrastructure No. 1 – Park Drive Extension (the “Project”) and The City of Weirton Three Springs Drive Tax Increment Financing District No. 1, Public Infrastructure Project No. 2, Park Drive Development:
The initial phase of the project is pending upon private sector commitments to afford the City of Weirton the ability to amortize the debt that will be generated by the project. The following is a summary of receipts and disbursements of moneys in the Tax Increment Financing Fund (the “TIF Fund”):
7-1-20 thru 6-30-21
Revenue from Brooke County Sheriff’s Office: $13,383.81
$106,556.03
$165,849.56
$11,225.09
$345.20
$6.89
$5,757.79
$80,463.01
$17,850.72
$1,642.25
$ 403,080.35
Interest Earned: $5,243.78
$412,947.76
TIF Professional Services: $98,375.00 WV DOH TA Grant
$300.00 WV Dept Health &Human Recourse Permit
$175.00 Adjustment accounts
$550.00 WV DEP
$146.27 Ogden News Publishing
Expenditure: $99,546.27
TIF Fund Balance as of 6-30-21: $3,179,141.21
There is no tax increment financing principal outstanding as of the close of the fiscal year. Questions or comments concerning the District or Project may be directed to Jessica Gumm, Director of The Planning and Development, by calling
304-797-8500 Ext 1020
or writing to
200 Municipal Plaza,
Weirton, WV 26062
WDT Oct 27, 2021