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Commission signals intent to consider industrial revenue bonds for Tip Top Energy Center project
Summary
Lee County commissioners passed an inducement resolution expressing intent to consider issuing industrial revenue bonds for the Tip Top Energy Center LLC project; county bond counsel clarified an inducement resolution does not obligate the county to issue bonds and outlined next procedural steps including hearings and 30-day notices to taxing entities.
Lee County's commission voted Sept. 25 to adopt an IRB inducement resolution related to the Tip Top Energy Center LLC project, setting in motion the county's formal process to consider industrial revenue bonds for the developer.
John Caldwell of the county legal department introduced the item and said the inducement resolution "declares the intent" of the county to issue IRBs for the project and…
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