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APPROVING THE ISSUANCE OF REFUNDING BONDS OF THE CITY OF BLOOMINGTON REDEVELOPMENT DISTRICT

This resolution authorizes the issuance of Tax Increment Revenue Refunding Bonds by the City of Bloomington Redevelopment Commission, in a maximum principal amount of $30,000,000, for the purpose of the refunding all of the outstanding City of Bloomington, Indiana Redevelopment District Tax Increment Revenue Bonds of 2015 to achieve net present value debt service savings due to lower interest rates.

Amends CodeNo
Final 2024-08-21 pass 7-0 (Rosenbarger, Zulich absent)
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