Council authorizes assurance for taxable economic development revenue bond; developer responsible for any shortfall
On second reading the council approved Ordinance 2026-27-CL to authorize assurance of a taxable economic development revenue bond; Jason Simler told members the bonds are payable only from project tax increment and the developer would cover any shortfall.
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The Tippecanoe County Council on Sept. 8 approved Ordinance 2026-27-CL, authorizing assurance of a taxable economic development revenue bond for a development project, passing 6to0 on its second and final reading.
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