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Michigan City RDC approves claims docket and revised financial reports
Summary
The Michigan City Redevelopment Commission on Feb. 9 approved its Feb. 9 claims docket and revised balance sheets for 11/30/2025 and 12/31/2025, noting a $503,000 reimbursement adjustment and balances across several TIF accounts.
The Michigan City Redevelopment Commission voted Feb. 9 to accept the claims docket presented by Skyler York and to approve revised financial reports for Nov. 30 and Dec. 31, 2025.
Skyler York, presenting the claims and balance sheets, listed payroll and vendor payments and detailed TIF and account balances. He told commissioners, “We received $503,000 from them after their expenses are taken out,” referring to an insurance reimbursement that required a correction to the 11/30 balance sheet. York reported total assets of $13,775,706.33 for 11/30/2025 and $15,321,169.64 for 12/31/2025 across operating, Southside, North End, East Side and Northeast TIF accounts and the transit development district.
Commissioners asked for clarification on the reimbursement and timing of loan and construction benchmarks. York explained that loan benchmarks for the Tailwinds roadway project are tied to start, midpoint (including roll tests and core inspections) and final acceptance when the board of works dedicates the road to the city.
The commission approved the claims docket and both financial statements by roll call; votes recorded in favor were Clarence, Bill, Tracy and Commissioner Sherry Wilson.
The approvals keep the RDC’s operating and TIF accounts funded for ongoing projects and maintain the commission’s financial record adjustments going into the spring construction season.
