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Council approves declaratory resolution to create TIF area for Sola solar project
Summary
The council voted 9-0 to approve a Plan Commission order that accepts a Redevelopment Commission declaratory resolution establishing a consolidated economic development area to support bond financing and a TIF for a solar project.
The Michigan City Common Council voted unanimously Aug. 19 to approve an order from the Plan Commission that accepts a declaratory resolution by the Redevelopment Commission establishing a consolidated economic-development area tied to the Sola solar project.
Skyler York, the city’s director of redevelopment, said the step is a routine part of creating the tax-increment-financing (TIF) boundary that will secure bond financing previously approved by the council. York explained the sequence: the Redevelopment Commission passed a declaratory resolution, the Plan Commission reviewed it,…
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