Shawnee's downtown revitalization project plan is at a place where the city said it's a good time to revisit options; the current Tax Increment Financing District (TIF) agreement is nearing expiration, so the city is taking steps to look at how to move forward from here.

Shawnee's downtown revitalization project plan is at a place where the city said it's a good time to revisit options; the current Tax Increment Financing District (TIF) agreement is nearing expiration, so the city is taking steps to look at how to move forward from here.

The current TIF District (which does not increase taxes) has generated approximately $700,000 for downtown streetscape improvement efforts since 2003.

City Manager Justin Erickson this week requested Shawnee City Commissioners approve a resolution declaring its intent to consider an amendment to — and reinstatement — of the plan, as well as amending the existing TIF and considering whether to create an additional one.

The board unanimously agreed on the measure.

“Action this week by the city commission officially kicked off the review process and established a review committee, which will begin meeting in September, Erickson said. “The process should take about three months.”

The group will meet two or three times to review the project plan and make recommendations and decisions concerning any changes to the current TIF District and a possible second TIF District, he said.

In mid-July, commissioners approved an agreement with the Center for Economic Development Law to assist the city as it examines the TIF and assesses downtown revitalization efforts and tools.

The process is expected to be completed by the end of the year and could include a new or modified financing district.