Tipton City Council voted to accept property from the County of Tipton related to Northgate Industrial Park, approving Resolution 2026-01 and authorizing the city to issue the remaining payment to finalize the transfer.

Speaker 3 said the county "formally completed their portion of the process" and presented the resolution to transfer funds and accept certain real property for Northgate Industrial Park. After passage, Speaker 3 said the ownership of the property "is solely in the name of the city of Tipton." Council members confirmed the property lies inside city limits and noted tax and TIF revenue implications: because the land was inside the city TIF allocation area, TIF revenues would be collected by the city redevelopment commission.

The resolution was moved, seconded, and approved by voice vote. No roll-call tally was read into the record. The council indicated staff will issue the remaining payment following resolution approval.