Council OKs economic-development revenue bond; developer backs shortfall risk
Council approved ordinance 20-26-27-CL on second and final reading to assure an Indiana taxable economic development revenue bond; county counsel’s representative said the bonds would be paid from tax increment generated by the project and that the developer would cover any shortfall.
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The Tippecanoe County Council passed ordinance 20-26-27-CL on second and final reading, approving county assurance for an Indiana taxable economic development revenue bond tied to a private development project.
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