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LaPorte County Redevelopment Commission approves treasurer's report and routine claims
Summary
The commission adopted the treasurer's report, authorized transfer and closure of a nearly empty construction account and approved grouped claims for multiple TIFs totaling several thousand dollars.
The LaPorte County Redevelopment Commission on June 25 approved routine financial business, adopting the treasurer's report, authorizing the closure of a US Bank construction account with a $0.32 balance and approving several claims tied to its tax‑increment financing (TIF) districts.
The treasurer reported balances for multiple accounts: US 4/21 TIF number 1, $173,458; US 4/21 allocation area 2, $97,638; KIDC TIF, $76,909; and 39 North TIF, $21,884. The treasurer asked permission to close a US Bank construction account that held $0.32 and transfer those funds into the commission's main account; the commission moved, seconded and approved the transfer.
"It's gonna cost us more to send 32¢ than 32¢," the treasurer noted as the rationale for consolidating the small account. The motion to close the account was seconded and passed by voice vote.
Commissioners also reviewed and approved a set of claims grouped by project. The agenda summarized three grouped totals cited during the meeting: $2,640 for KIDC‑related invoices and legal services, $4,261.44 for 4/21 MCR Partners including utility (NIPSCO) and contractor invoices, and $1,166.81 for 39 North MCR Partners including publishing and related charges. Each set of claims was moved, seconded and approved by the commission.
These actions were procedural housekeeping intended to keep TIF funds and project accounting current; the commission recorded the motions and adopted the reports by unanimous voice vote.
The commission then moved on to project updates under old and new business.
