Approving the Issuance of Tax Increment Revenue Bonds of the City of Bloomington Redevelopment District to Finance the Costs of Acquisition and Construction of the Trades District Parking Garage in the Bloomington Consolidated Economic Development Area and Costs Incurred in Connection with the Issuance of Such Bonds.
This resolution authorizes the issuance of a maximum of $10.96 million in Tax Increment Revenue Bonds by the City of Bloomington Redevelopment Commission for the acquisition, construction, and bond issuance costs associated with the Trades District Parking Garage in the Bloomington Consolidated Economic Development Target Area, which the Council has labeled as Project Part B.