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Bond Counsel Law Firms Ice Miller Barnes & Thornburg Baker & Daniels Application Procedure Application Process

To facilitate a smooth application process for Industrial Revenue Bonds, the Michigan City Economic Development Corporation, by and through the Michigan City Economic Development Commission, would like to make the following suggestions concerning your application. 

As no two projects are exactly alike, no two application procedures will be identical.  The following steps are intended to explain the typical application procedure in conjunction with Indiana statutory requirements (IC 36-7-12).  A more detailed description of these steps can be obtained through our office.  If you or your attorney have any questions concerning applying for an IRB, please contact the Michigan City Economic Development Corporation at 219-873-1211.

Step I :  Preliminary Negotiations

Step II:  Application and Inducement Resolution

Step III:  Preliminary IRB Resolution Review

Step IV:  Notice of Hearing - Submission of Documentation

Report to Michigan City Plan Commission

Report to Michigan City School Board

Submission of Financial Documents

Step V:  Public Hearing

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