In a unanimous vote today, the Allen County commissioners ratified recent actions taken by the county Redevelopment Commission and the county Plan Commission to establish an economic development area near Allen County's General Motors plant.
Named the Stonebridge III Economic Development Area, the designation will cover land where OMD Holdings plans to build a 437,000 square-foot spec building, the Department of Planning Services' Scott Harrold told the commissioners Friday.
According to documents submitted to the commissioners, the Allen County Redevelopment Commission adopted a resolution to establish the new economic development area on Oct. 13, with the Allen County Plan Commission following suit on Oct. 15. The Stonebridge II Economic Development Area was established in 2014.
Establishing the economic development area is a way for the county to recycle funds so they're available for future project, or to invest in necessary infrastructure upgrades, Harrold said.
"Right now, it looks like the developer is going to cover most of the infrastructure needs, so we hope it won't be too much, but it depends on who ends up locating there," he said.
Following Friday's vote, the matter will return to the county Redevelopment Commission for a public hearing and final vote.