Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council OKs declaratory resolution to create Cooper Economic Revitalization Area; TIF and abatement steps still to come
Summary
The Michigan City Common Council voted unanimously on June 3 to adopt a declaratory resolution establishing the Cooper Economic Revitalization Area (ERA), beginning the multi-step process that could lead to a project-specific tax increment financing (TIF) district and a 10-year tax abatement request later this summer.
The Michigan City Common Council voted 8-0 June 3 to adopt a declaratory resolution establishing the Cooper Economic Revitalization Area, a preliminary step city officials said is needed before a project-specific tax increment financing district and any tax abatement can be considered.
The ERA resolution, introduced by Councilman (identified in the transcript as) Mister Beatrice, passed by roll call with all eight members present voting aye; no roll-call “no” votes or abstentions were recorded.
City officials said the ERA creates the legal framework to pursue a TIF and potential tax abatement for a large private redevelopment project. According to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
