Plan commission acknowledges Economic Development Commission's TIF certification for MCI/Merit project
The plan commission acknowledged a statutory certification from the Boone County Economic Development Commission for tax increment financing tied to the previously approved MCI/Merit development; the report describes up to $4 million in real‑estate TIF bonds and about $1.7 million in personal‑property bonds.
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The Boone County plan commission acknowledged a letter from the Economic Development Commission certifying a project report for the MCI/Merit development and that the project "complies with the plan of development of Boone County, Indiana." Speaker 4 said the Economic Development Commission held a public hearing and approved issuance of TIF bonds tied to the previously rezoned 47 Commons/MCI Development project.
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