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).
| Amends Code | No |
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| Committee | 2013-10-23 | 7-0 Volan, Neher Absent | |
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| Final | 2013-10-30 | Passed | 6-0 Sandberg, Volan, Rollo Absent |