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Finance committee reviews Michigan City Redevelopment Commission model 2025 spending plan
Summary
Committee members reviewed a detailed draft spending plan for the Michigan City Redevelopment Commission for calendar year 2025, including debt payments and projected uses of bond proceeds and program funds.
At its March 4, 2025 meeting the Michigan City Finance Committee reviewed the Michigan City Redevelopment Commission’s model annual spending plan for calendar year 2025, which lists debt-service, capital expenditures and other permitted uses under state law.
The draft spending plan enumerated total debt payments of $4,829,779, including amounts for a 2015 special tax district refunding bond, lease-rental and refunding bonds tied to projects such as the 2018 Ohio Street project, the 2019 double-track project, and the 2021…
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