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La Porte Redevelopment Commission approves encumbrances and TIF year‑end transfers
Summary
The La Porte Redevelopment Commission on Nov. 19 approved staff-recommended encumbrances for ongoing projects and a package of year‑end transfers moving TIF funds to cover encumbrances and anticipated legal and financial costs; both measures passed by unanimous voice votes.
The La Porte Redevelopment Commission voted unanimously on Nov. 19 to approve a set of year‑end encumbrances and transfers intended to hold funds for ongoing projects and to close out the fiscal year.
In a staff presentation, Mr. Phillips described the encumbrances the commission was being asked to hold for 2026. He told commissioners the packet listed remaining contract balances including $9,900 for Versus Engineering on the Hohlacher Drive historic bridge project and $9,195 for Hitchcock Design for the downtown decorative alleys project. He said redevelopment TIF 1 encumbrances totaled $131,095 and…
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