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RDC approves TIF transfer resolution, claims and generator cost split
Summary
The commission adopted resolution O2-2025 to move funds from the US 421 allocation area #2 TIF to allocation area #1 to cover bond obligations; members also approved claims including a shared $49,816 generator purchase split with Michigan City and Loves Truck Stop.
The La Porte County Redevelopment Commission adopted resolution O2-2025 (amending resolution O1-2025) authorizing the La Porte County auditor to transfer the I-94 US 421 allocation area #2 TIF fund balance into allocation area #1. Presenters said the allocation area #2 TIF had been used to make a July 15 bond payment of $178,000 and that bond documents required a subsequent transfer of the remaining balance into allocation area #1.
The chair read the resolution title by motion, the motion was seconded, and members approved the resolution by voice vote. No roll-call vote was recorded in the transcript.
In claims and approvals, the commission approved several payments and professional services, including a $1,000 KIDC professional services payment and claims to MCR Partners and other vendors. Commissioners discussed a generator purchase costing $49,816 that would be split three ways between the city of Michigan City, Loves Truck Stop and the Redevelopment Commission; speakers said the generator was installed and expected to be fully functional once a gas service connection is completed within two weeks.
Motions to approve the listed claims were made, seconded and approved by voice vote. The commission also approved other routine agenda items and adjourned the meeting.
