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Board reviews Joint Development Authority FY2027 budget, asks questions about Rivian lines and legal reserves
Summary
Jasper County commissioners reviewed the JDA FY2027 budget with JDA rep Steve Jordan on the phone; key questions focused on Rivian-related capital outlay of $621,390, a $415,000 maintenance line, and a $200,000 allocation for outside litigation counsel.
The Jasper County Board of Commissioners reviewed the Joint Development Authority (JDA) FY2027 budget during its May 29 called meeting with Steve Jordan available by phone to answer questions. County staff noted that approval is not required under the IGA but counties may submit a written objection. Commissioner Steven Ledford questioned a $621,390 line listed under capital outlay for "Rivian;" Jordan said those are reimbursable charges paid through a grant rather than direct expenses to the JDA.
Jordan also described a $415,000 line listed as "North Rivian continuing cost" under maintenance, explaining the item is budgeted to cover potential maintenance and utilities work and is not money already spent. He said the budget includes $200,000 for outside litigation counsel as a contingency. Jordan told the board the JDA had projected $5,000,000 in receipts last year but "because of AI, three more buildings were finished, so they actually collected eight million dollars," leaving one final build on the south side and an expectation of roughly $1,000,000 more if the final build is completed this year.
