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Council adopts two TIF bond ordinances for MCI Merit project after public questions about wells and septic
Summary
Boone County adopted two TIF-backed bond ordinances for the MCI Merit project (2025-06 for personal property up to $1.7 million and 2025-07 for real property up to $4 million). A nearby homeowner urged additional protections for wells; officials said septic will be commercial and permitted through IDEM and cited APC review and developer commitments.
Boone County council adopted two tax-increment-financing (TIF) bond ordinances for the MCI Merit development at the southwest corner of State Route 47 and I-65 after a public hearing and council discussion.
Bob Clutter, representing the Redevelopment Commission, presented the ordinances during a second reading. He said ordinance 2025-06 covers personal property…
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