LaPorte County RDC approves joint undertaking agreement with LaPorte Redevelopment Commission for Microsoft-related development
The LaPorte County Redevelopment Commission on April 22 approved a joint undertaking agreement with the City of LaPorte Redevelopment Commission that will allow the county to receive its share of captured TIF revenue from an annexed, Microsoft-related development; the agreement requires continued reporting and oversight under Indiana law.
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The LaPorte County Redevelopment Commission voted unanimously April 22 to approve a joint undertaking agreement with the City of LaPorte Redevelopment Commission that transfers the county’s share of captured tax increment from a newly annexed development to the county redevelopment commission for statutorily authorized uses. Mark Parkman moved to approve the agreement; John Carr seconded, and the motion carried unanimously.
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