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La Porte redevelopment commission approves joint agreement with county for expanded Microsoft site
Summary
The La Porte Redevelopment Commission unanimously approved a joint undertaking agreement with the La Porte County Redevelopment Commission to support a potential annexation and development of about 1,300 acres tied to Microsoft, including a county pledge back equal to 67¢ of the $3.40 tax rate this year.
The La Porte Redevelopment Commission on April 29 unanimously approved a joint undertaking agreement with the La Porte County Redevelopment Commission designed to govern cooperation if Microsoft’s proposed expansion and annexation proceeds.
Bert Cook, executive director of the La Porte Economic Advancement Partnership, told the commission the agreement outlines resource- and revenue-sharing tied to an expanded Microsoft property. "It does, outline a new, I think, an innovative partnership on the expanded Microsoft…
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