The LaGrange County Redevelopment Commission (RDC) voted Friday to distribute funds to Westview School Corporation from TIF District 3. The distribution will be for $38,369. The RDC plans to distribute the remainder of the amount due to Westview later this fall.
The RDC also voted to recommend that the TIF remain in place so that KZ RV can be fully reimbursed for funds it expended 10 years ago to have water and sewer installed from the Town of Shipshewana.
The TIF was set up when KZ RV was expanding and Westview built Meadowview Elementary School to fund infrastructure. Both entities paid some of the costs up front, with the understanding they would be reimbursed through the TIF. KZ was reimbursed for the first 10 years, with Westview being reimbursed after that. However, KZ’s reimbursement was around $85,000 short after 10 years.
“KZ has done a good job for our county,” RDC member George Bachman said in making the motion