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RDC hires consultant for analysis of SB 1 impacts on city and TIFs, not to exceed $50,000
Summary
The commission approved a services agreement with consultant Dan Bodich (Development Economic Finance) for up to $50,000 to analyze the local fiscal impacts of recent state legislation (SB 1) on city revenues and TIFs, with work scheduled May 1–Dec. 31, 2025.
The Michigan City Redevelopment Commission voted May 22 to approve an agreement for professional services with consultant Dan Bodich of Development Economic Finance for an amount not to exceed $50,000.
Staff described the contract as an analysis of the financial effects of newly enacted state legislation, identified in the meeting as "SB 1," on city tax revenues and the commission—s TIF districts. "This would be him looking at our whole, economic revitalization area, which we define as our whole entire city," staff said, explaining the consultant will assess how SB 1 could affect city finances and TIF reimbursements. The contract period was described as May 1 through Dec. 31, 2025.
Commissioners asked about the difference between this engagement and the services already provided by Baker Tilly; staff said Baker Tilly performs project-level and TIF financial modeling, while Bodich would analyze city-level tax revenue impacts and provide planning guidance. The agenda described deliverables to include attendance at meetings, public presentations and work to support designation of allocation areas and tax abatement discussions.
A motion to approve the agreement as presented was made and seconded; the motion carried by voice vote. The commission did not request amendments at the meeting.
