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Boone County council authorizes president to sign letter supporting IEDC economic development payment request
Summary
County attorney presented the MOU with the Indiana Economic Development Corporation and outlined requirements for an economic development payment; council voted to empower the council president to sign a letter of support identifying the project, nexus, amount and budget account.
Boone County Council on a vote authorized the council president to sign a letter supporting a request for an economic development payment (EDP) tied to an existing memorandum of understanding (MOU) with the Indiana Economic Development Corporation (IEDC).
County Attorney Beth Copeland told the council the county entered into an MOU with IEDC on Nov. 15, 2024, that requires any EDP request to identify (1) the project to be funded, (2) the nexus to development activities, (3) the amount requested and (4) the budget or funding account to which the payment would be directed. Copeland said the commissioners prefer a joint…
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