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Commission approves nonbinding YMCA letter of intent; up to $4M–$5M of TIF funding discussed
Summary
The commission voted to approve a nonbinding letter of intent supporting a proposed YMCA and discussed using TIF funds for fire, roads and the YMCA; commissioners approved contingent fire-equipment funding dependent on fire-district resolutions before an April 30 invoice deadline.
The Daviess County Redevelopment Commission voted to approve a nonbinding letter of intent to support a proposed YMCA and separately approved contingent funding tied to fire-equipment bids and fire-district resolutions.
A commissioner introduced a YMCA request asking the county to consider pledging TIF funds toward a proposed YMCA project. The speaker described the project financing at high level and said the county's contribution would be up to $4,000,000 from the TIF fund with a potential additional $1,000,000 donation contingent…
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