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Kingsbury Industrial Park: county hears rail activity update; JBC Rail payment expected to reduce outstanding balance
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Summary
Redevelopment staff reported increased rail activity at Kingsbury Industrial Park and said JBC Rail will send $136,009.50 to reduce a remaining balance; safety signage and a pending Nexus payment were also discussed.
Redevelopment staff updated the LaPorte County Redevelopment Commission April 22 on activity at Kingsbury Industrial Park and related payments tied to ongoing rail improvements.
Mister Reardon said rail activity at the park has picked up and reported that, once processed, a check from JBC Rail for $136,009.50 will arrive and “that’ll relieve a remaining balance of $332,009.50.” He said the county expects a representative from JBC Rail to appear at the July meeting to give a progress update and that staff continues to pursue coordination with CN and other rail partners.
The update included a note that safety signs had been staked at rail crossings and that the highway department was handling installation. Reardon also said an economic-development payment tied to another project (the Nexus project) of “around $75,000 and change” was pending via electronic funds transfer; staff said those funds would be tracked separately from normal TIF budget items.
The treasurer’s earlier report provided account balances across TIF funds, including a Kingsbury Industrial Park balance of $172,842 and a 39North TIF balance of $4,942. A single outstanding maintenance invoice of $500 to remove solids from a lift-station pit was also noted and assigned for follow-up.
Commissioners approved claims and heard the KIP update as part of routine business; staff said more detailed updates will be provided at the July meeting when the JBC Rail representative is expected to appear.
