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Town of Merrillville Redevelopment Commission adopts timetable for RDA bond financing, 4-0
Summary
At its April 22, 2025 meeting the Town of Merrillville Redevelopment Commission approved a resolution setting a timetable for financing economic development projects through RDA bonds and directed staff to compile a road inventory; the measure passed 4-0.
The Town of Merrillville Redevelopment Commission on April 22, 2025 adopted a resolution approving a timetable related to financing certain economic development projects through redevelopment (RDA) bonds, voting 4-0 with one member absent.
The timetable approval is the commission’s first formal step toward using RDA bonds to finance eligible projects, and commissioners asked staff to assemble a road inventory so specific streets can be made eligible for RDA funding. The commission noted the work follows legal and financing steps reviewed at a prior RDC workshop and involves outside counsel and bond counsel in the next phase.
At the meeting the presiding member said Barnes and Thornburg and "London Whitty" (as stated in the record) were part of the financing structure and that staff — including Tom, Angie and Joanna — would begin preparing documents in May. The presiding member also said the council will need to reappoint RDA membership at the Town Council meeting scheduled for May 13, 2025; that reappointment was described as a necessary step before further action on the timeline.
Commissioners additionally discussed recent paving work paid from an earlier bond: the presiding member said local paving under a $6,000,000 bond issue from last fall had begun on frontage roads near State Road 90 and that crews may expand to other wards. No formal change to the paving program or new funding requests were made during the RDC meeting.
Votes at a glance: The commission approved the resolution (Resolution 25-08) to adopt a financing timetable for RDA bonds; the vote was 4 in favor, 0 opposed, 1 absent. The commission also approved the consent agenda — the accounts payable register for April 22, 2025, and minutes from the March 25, 2025 meeting — by voice vote.
The commission adjourned after completing the agenda. Staff and outside counsel will continue preparatory steps in May, and the commission flagged the May 13 Town Council meeting for the reappointment of RDA members.
