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Redevelopment Commission hears finance update; DNR payment replenishes funds for veterans memorial and bike trail

December 02, 2025 | Crown Point City, Lake County, Indiana


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Redevelopment Commission hears finance update; DNR payment replenishes funds for veterans memorial and bike trail
During miscellaneous business, a commission member (Speaker 5) updated the board on project financing for the Veterans Memorial and an associated bike trail. Speaker 5 said the RDC had pledged “almost $800,000” toward payments related to those projects and that the commission received a payment from the Department of Natural Resources of $1,300,000, restoring the RDC’s funds.

Speaker 5 summarized: “Just 1 just to keep the board in the loop, the almost $800,000 that the RDC pledged towards the payments for the Veterans Memorial and bike trail. ... We received our payment from the DNR for 1,300,000.0. So the RDC has been made whole with the money that was from.” The transcript records this as an informational update; no formal motion or follow-up task related to the DNR payment was recorded.

The commission then moved to adjourn.

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Scribe from Workplace AI
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