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Vigo County commission clears resolution enabling short-term loan for airport solar project

October 29, 2025 | Vigo County, Indiana


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Vigo County commission clears resolution enabling short-term loan for airport solar project
The Vigo County Commission on an unrecorded voice vote approved a preliminary resolution allowing the airport authority to seek a short-term loan of up to $600,000 to cash-flow construction of a planned three-acre solar facility.

Scott Craig, attorney for the airport authority, told commissioners the project’s total cost is $2,600,000 and that the airport has received a $500,000 grant from the Indiana Office of Energy Development and expects about $1,000,000 in federal "elective pay" tax-credit reimbursement after the project is complete. "This bond will be used to help cash flow the expenses related to the airport solar project," Craig said. He described the $600,000 borrowing as precautionary: the airport must front costs for federal projects and then be reimbursed.

Craig said the authority has already purchased solar panels and completed required studies, including a glare study to assess effects on air operations, and that construction could begin early next year. He noted the airport is working with a consultant also involved with a larger nearby project at Rose‑Hulman Institute of Technology. "We really think this will offset our utility, electric bills almost entirely," Craig said of projected savings once credits are realized.

A commissioner stated they had "reviewed the resolution from a legal standpoint" and moved approval. The motion was seconded and approved by voice vote; no roll-call tally was provided in the meeting record. The resolution (listed in the meeting as Resolution 2025-10) authorizes the airport to proceed with the preliminary steps needed if a short-term loan from the Terre Haute Redevelopment Commission is required. The airport and the county still require approvals from Mayor Sackman and the redevelopment commission before any funds would be borrowed.

The commission did not set a borrowing schedule or loan terms during the session; Craig said the airport would repay any borrowing as soon as it receives the federal tax-credit reimbursement. Details on interest rate, repayment schedule and any formal contract were not specified in the recorded discussion.

The commission opened the floor for public comment and recessed after routine business; no public speakers on the airport item were recorded during the meeting.

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Scribe from Workplace AI
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