Porter County RDC approves 2024 annual report, confirms South Haven TIF details

The Porter County Redevelopment Commission on March 25 approved its 2024 annual report and directed staff to upload the document to the Department of Local Government Finance (DLGF) gateway for TIF management.

The report, presented by consultant Dan Bodich, covers the statutory items listed in IC 36-7-14-15 and provides the commission's fiscal balances, professional services spending, and a summary of the South Haven allocation area identified as TIF number 18.

Dan Bodich summarized the report and the statutory requirements: "Is the 2024 annual report of the redevelopment commission? It is required under IC 36 dash 7 dash 14 section 15 by April 15." He told commissioners the filing includes names of commissioners and officers, employee and compensation information, expenditures and their purposes, tax increment accounting, and funds on hand at year-end.

Bodich said the redevelopment general fund recorded receipts of $1,382,505, capital expenditures of $184,954, and an ending balance of $1,197,550. He said the South Haven allocation area (TIF #18) had receipts recorded in the year and that the commission had pledged $957.77 for a South Haven TIF school grant program (which he said had not been issued to a school corporation as of the report). Exhibit B in the report lists 114 parcels with a gross assessed value of $22,500,000 and a net assessed value after exemptions of $20,101,000; the redevelopment captured increment reported was $696,608.

Bodich identified Mike Jabo as the commission's acting staff contact and thanked the county auditor, Dave Wyshlinski, and Susan Hale for assembling the financial backup. He also described the commission's 2024 goals, including creation of the Porter County Redevelopment Commission Business Council, outreach with economic development organizations, attendance and sponsorship of the Veil Summit 2024, and engagement of MKSK Inc. for the county land-use and transportation plan update.

Chair Jim Biggs called for a motion to approve the annual report. The commission voted to approve; commissioners voiced "aye" and the chair declared the motion approved. Bodich said the report is not required to be approved by resolution but will be uploaded to the DLGF gateway for public viewing and to satisfy statutory requirements.

The commission noted next steps: staff will prepare the statutorily required capture notice due June 15 and an overlapping taxing unit presentation normally prepared in May for distribution to affected taxing units.

Ending: The commission moved on to other agenda items after approving the report and confirming the administrative steps to file the document with state systems.