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Redevelopment commission extends rail agreement to Aug. 2028 as JBC Rail begins repayments and KIP access issues remain
Summary
The LaPorte County Redevelopment Commission amended a Build-Operate-Transfer agreement to Aug. 2028 to align with a switching agreement and allow repayment of the county's $525,000 rail investment; JBC Rail reported a recent payment of about $51,000 and quarterly reporting going forward.
The LaPorte County Redevelopment Commission on Dec. 10 amended its Build-Operate-Transfer (BOT) agreement connected to the Kingsbury Industrial Park rail extension to align the BOT operating period with a separate rail-switching agreement, a change meant to facilitate full repayment of the county's capital investment.
Attorney Guy DiMartino told the commission the amendment revises the operating-period definition so both agreements expire together; the county invested $525,000 in the rail extension tied to the CSX switch. DiMartino said this alignment was necessary because "it would not be feasible to have the BOT…
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