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Burns Harbor RDC approves TIF determination and approves TIF management report with corrections
Summary
The commission approved a statutory TIF determination letter finding no excess value for tax allocation areas for pay 2026 and approved the TIF management report after corrections; one commissioner recorded an abstention on the management report vote.
The Burns Harbor Redevelopment Commission approved a formal TIF determination letter and accepted the TIF management report after noted corrections.
President Bozak read a letter into the record "in accordance with IC 36-7-14-39(b)(3)," stating the RDC had determined there is no excess value to allocate to overlapping taxing units for the 2025 tax year (payable 2026) and that all tax increment is required to make bond or lease payments and to pay for purposes described in the statute. President Bozak read the letter as provided in the packet and the commission voted to approve the letter for the minutes.
Later in the meeting staff presented the TIF management report and an April 15 TIF report that summarize 2024 activities, revenues and expenses for the TIF fund. Attorney Patton pointed out a punctuation error in the summary balance that staff agreed would be corrected. The commission voted to approve the TIF management report "after the corrections have been made." Commissioner McGraw stated she was abstaining on the vote because she had not had enough time to digest the materials; other commissioners voted yes.
Actions recorded in the meeting minutes show the letter approval and the management-report approval were both moved, seconded and approved by roll call. The TIF determination letter was approved with affirmative roll-call votes recorded for Commissioners Enslen, McGraw, Menmar, Toblin and Bozak. The management-report approval was recorded with a roll call showing an abstention by Commissioner McGraw and affirmative votes by the remaining commissioners.
