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Council approves TIF bond authorization for Boulder Run housing project
Summary
Ordinance 25‑O‑17 authorizing issuance of economic development tax increment revenue bonds for a housing project in the Boulder Run Economic Development Area passed unanimously; Development Services said the confirmatory TIF resolution passed at a prior meeting and the bond relates to that project.
The Elkhart Common Council on Tuesday approved Ordinance 25‑O‑17, authorizing the city to issue one or more series of economic development tax increment revenue bonds for a housing project in the Boulder Run Economic Development Area.
Mike Hubert, Development Services director, told the council this action implements a previously adopted confirmatory resolution that created the TIF. "This is the same development, Boulder Run development in the…
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