TO AUTHORIZE THE ISSUANCE OF BONDS BY THE MONROE COUNTY EDEVELOPMENT 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 |
2015-05-06 |
|
8-0 |
Final |
2015-05-20 |
Passed |
8-0
(Sandberg absent) |
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