[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6177853,"mediaKeyId","5331109-80c8a5fb2c381ddef686fcdf19189de2","parentId",5331109,"title","Morgan County RDC approves financial report and $355,187 in July claims","audioSeconds",221,"startMs",64000,"endMs",285000,"viewUrl","/Search/View?dp=1&key=5331109-80c8a5fb2c381ddef686fcdf19189de2&start=64&end=285","thumbnailUrl","https://assets.pipeline.soar.com/5331109-80c8a5fb2c381ddef686fcdf19189de2/thumbnail_64000.jpg","articleUrl","/articles/6177853/Morgan-County/Indiana/Morgan-County-RDC-approves-financial-report-and-355187-in-July-claims","mediaUrl","https://secure.pipeline.soar.com/6177853-9707728547f382b6a960b42edb4f4183/orig.mp4?Expires=1770739442&Signature=ZZ82RJ9MT4flezlgCclOt2~hXt1QHGBLHdUXu9NEelbeSsb0wf4y9BqQDSFM9UFQknMc47ixwwbOh4KS5tLe1a2s2zO5rCVdxmwKIh13buIQadD4Dw91niOH1xzPIAmNDBnZb1wSRUmcVdi-7tOUhc9PjDUSETBXZzzFX3uUsYpOB6PQwSUV4u8UxX9tuwU658TFJjXBJc0H2Ogoy1PE4zRneKcLYmvNWR3~1jLlbMJ9~JqBbBZMOie54~ERq0mC8zVwUAUHyuLhGSGVpzP6rPAJ8TTPtlACkt2QJ9wihuZamTJ-8-SFAwfvKUqdufIpb1ZQPGqV~o-VdruX1AcKGQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Morgan County IN","date","2025-07-08T12:32:04Z","article","The Morgan County Redevelopment Commission accepted its June financial report and approved $355,187.00 in July claims, the commission announced during its regular meeting.

The financial report showed several allocation-area balances: the West Point TIF fund had $25,566.48; the Henderson Ford allocation area had a cash balance of $424.67; the Waverly allocation area had $3,004.58; and the Eagle Valley allocation area reported a cash balance of $5,493,070.20 with interest income of $18,839.93 and total revenue for the period of $811,007.53. The report listed total expenses of $70,395.63 and a cash balance across funds of $6,734,428.18. Staff also reported State Revolving Fund (SRF) loan construction and bond accounts and reserves, and debt-service reserve balances.

On claims for July, staff listed consulting fees of $22,730, Barnes & Thornburg legal fees of $2,332, $350,000 payable to GM Development Companies for prior approved work (a lift station referenced as the Hugging Hollow lift station) and a $125 payment to the Redevelopment Association of Indiana (RAI) for annual dues through Accelerate Indiana Municipalities. \"That is what that's for,\" staff said when identifying the $350,000 claim as previously approved for the lift station. The commission moved and seconded acceptance of the financial report and claims and approved them by voice vote.

Ending: Commissioners closed the financial business without further change; staff invited members to review full packet details or ask questions before the next meeting.","mediaType","Video","parentTitle","7/8/25 RDC Meeting","oneSentenceSummary","The Redevelopment Commission accepted its June financial report and approved $355,187.00 in July claims, including $350,000 to GM Development and professional fees to consultants and counsel.","taxTitle","Morgan County, Indiana","taxId",63769,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6177858,"Morgan County RDC commits $3.28 million to roads for new elementary school",3360,503000,3863000,"/Search/View?dp=1&key=5331109-80c8a5fb2c381ddef686fcdf19189de2&start=503&end=3863","https://assets.pipeline.soar.com/5331109-80c8a5fb2c381ddef686fcdf19189de2/thumbnail_503000.jpg","/articles/6177858/Morgan-County/Indiana/Morgan-County-RDC-commits-328-million-to-roads-for-new-elementary-school","https://secure.pipeline.soar.com/6177858-d7ad4f4c926bea1f3b5190518196aac5/orig.mp4?Expires=1770739442&Signature=mZollhCJbCXkX4u3ChR-Zqk2tNx~620RxQzkvSob~S9Z6x0tfQIAUzqSTl2zSDv5CTeyTP8FPAyAkPEjJuyKIaCrMpvj~bQX-R3RLlkDHE5MueKp3ABKmLWiOrQFwmwAUrC8PHftHufeDbe~vkhdpwHgAm8rwktKIpfnmzDUggCa-58CdNyKBZCcuZe4yba30hVtHg~uyRYR8Lbk3gHWtYHkKR1lxRytCtqQcFGNUgm8aHlJcVskDlLaNBYyC4NE1RkkISL5G0LS~RJ4NTcgMa2LwPEPNIkF5HD7VYOwS0Bwd8yiggacg--DChzpETMUYuTcuZAI4AfjP0WKWLLQvA__&Key-Pair-Id=KUT5TJCACFTXG","The Morgan County Redevelopment Commission on a voice vote approved a $3,276,745 commitment to road improvements around a proposed new elementary school, funding upgrades to Centennial Road and a proposed roundabout at Egbert Road that supporters say are needed to handle school traffic and unlock development.

Commission members heard a presentation from Greg Marks of GM Development and Eric Ballen, the school corporation superintendent, who asked the RDC to help bridge a funding gap for roads needed to serve the new school. \"If you were able to help us with this project, it would be a tremendous help for us. We've got a gap we're trying to close, and this would close about 40% of that gap,\" Greg Marks said. Eric Ballen said the school planned a single large STEAM elementary that would allow the district to close multiple smaller elementary schools and described the road work as necessary to make the site functional and safe: \"We're wanting to make sure that we don't have a no purpose wing or a no purpose school. We have what's best for our kids.\"

Nut graf: The RDC's action commits cash on hand from redevelopment/TIF allocation areas to fund transportation infrastructure the school and developers say is essential to operate the new campus and to spur further economic development in the Henderson Ford / Centennial Road corridor. The commitment is contingent on further agreements: the commission expects a contractual arrangement or memorandum with Morgan County and the school corporation to specify how the county will administer and be reimbursed for the work.

In discussion commissioners and staff emphasized safety, long-term costs and funding mechanics. Commissioners asked whether a roundabout or other improvements would handle farm equipment and whether the Centennial Road upgrades would be adequate for daily drop-off/pick-up congestion. Chelsea (county redevelopment staff) explained that Eagle Valley and several other allocation areas are interconnected and that Eagle Valley funds can be used across those linked areas (West Point is excluded). The staff report showed an Eagle Valley allocation-area cash balance of about $6.7 million as of June 30, with an expected additional roughly $1 million in final 2025 receipts; staff said the commission would use cash on hand, not bonding, for the commitment.

The commission considered an initial motion for $3,000,000, then amended that motion to the full $3,276,745 figure and voted to approve the amended motion. Commissioners and staff agreed the commission's commitment is an initial step; the county commissioners and county legal counsel must still approve contracts and the reimbursement mechanism. Staff said the county could either perform the work and be reimbursed by the RDC or the school could contract directly and be reimbursed, and that a contractual agreement would be the way to assure the school receives the specific road improvements it requested.

Ending: Commissioners closed the item noting that more detailed agreements and budget draws would be developed before funds are disbursed and that county and school officials would continue coordinating design, timing and contract language.","The Morgan County Redevelopment Commission voted to commit $3,276,745 from redevelopment/TIF funds to road improvements (Centennial Road upgrades and an Egbert Road roundabout) to support a new elementary school; county agreement and contracts remain to be finalized.","actionData","errors"]

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Morgan County RDC approves financial report and $355,187 in July claims

Morgan County RDC commits $3.28 million to roads for new elementary school