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Redevelopment commission approves economic development agreement form for Hallmark Development Inc.
Summary
The commission approved Resolution 25-06, advancing a developer-backed bond process for Hallmark Development Incorporated's Liberty Estates West project and forwarding the matter to the town council.
The Town of Merrillville Redevelopment Commission voted 4–0 to approve Resolution 25‑06, which approves a form of economic development agreement and related documents for Hallmark Development Incorporated as part of a developer-backed bond for the Liberty Estates West project.
Councilor Uzelak moved the resolution; Councilor Haynes Edwards seconded. Angie (staff) conducted a roll call: Councilor Chandler Felton, Councilor Haynes Edwards, Councilor Uzelak and Councilor Pettit voted aye; the motion carried 4 to 0.
Commission staff said this vote is the next step in the developer-backed bond process for Randy Hall's Liberty Estates West project and follows an earlier initial action. The staff and commissioners noted there is a parallel resolution expected before the town council at its meeting tonight.
No public comment or substantive changes to the agreement were recorded during the commission discussion at this meeting. The commission's approval forwards the form agreement and related documents to the town council for further action under the town's economic development and bond procedures.
