To Authorize The Issuance of Bonds by the Monroe County Redevelopment Commission Pursuant to IC 36-7-14-3.5
This ordinance by the City of Bloomington approves Monroe County Redevelopment Commission’s issuance of bonds payable with Tax Increment Finance (TIF) from Monroe County’s Westside TIF District, a part of which has been annexed by the City. The City’s approval for issuing new bonds is required whenever the City has annexed property within a County TIF district and the tax from that property will be used to repay TIF bonds. (See IC 36-7-14-
3.5).
| Committee |
2013-10-23 |
|
7-0
Volan, Neher
Absent |
|---|
| Final |
2013-10-30 |
Passed |
6-0
Sandberg,
Volan, Rollo
Absent |
|---|
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