Council approves first reading for developer-backed TIF bond to support 251-unit Reserve at Millbrook project
Council approved Ordinance 2026-27-CL on first reading authorizing a developer-backed TIF bond for the Reserve at Millbrook project. Outside counsel and developers described the conduit-bond structure, developer guarantees and project economics, including a $62.5 million phase-one cost and 251 units.
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Tippecanoe County Council on Aug. 11 approved first reading of Ordinance 2026-27-CL, authorizing a developer-backed, nonrecourse tax-increment-financing (TIF) bond to support the Reserve at Millbrook multifamily and commercial project.
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