LEGAL NOTICE
In accordance with West Virginia code Section 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 public phase of the project is nearly complete and is reliant on 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”) for 7/1/2024 thru 6/30/2025:
Revenue from Brooke County $3,145.37
Sheriff’s Office: $167,831.75
$25,251.60
$2,327.80
$6,281.88
$748.65
$4,999.27
$589.90
$443.50
$4,947.78
$589.68
$28,572.50
$2,869.96
$13,939.53
$1,472.07
$258,030.28
EDA Treasury – Misc. Pay $180,974.32
Interest Earned: $24,327.17
Project Reimbursements/ $69,675.00
Settlement $274,976.49
TIF Professional Services:
$1,323.83
$354.13 Expenditure: $1,677.96
TIF Contractual Services
TIF Contractual Services $10,586.85 McKinley & Associates
Expenditure $212,175.00 James White Construction Co.
TIF Fund Balance as of 6-30-25: $1,715,498.75
There is no tax increment financing principle outstanding as of the close of the fiscal year. Questions or comments concerning the District or Project may be directed to Mark Miller, Director of The Planning and Development, by calling 304-797-8500 Ext 1020 or writing to 200 Municipal Plaza, Weirton, WV 26062.
WDT-July 14 & 21, 2025