A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF BLOOMINGTON, INDIANA, DETERMINING, AFTER INVESTIGATION, THAT AN EXPANSION OF THE MONROE CONVENTION CENTER IS NEEDED AND OTHER RELATED MATTERS
Per Indiana Code 36-1-10-7, this Resolution is required to be passed by the Common Council of the City of Bloomington ("Common Council") in their capacity as the fiscal body if the City is going to enter into a lease for a structure, such as an expanded Convention Center. In this case, Monroe County and the City of Bloomington ("City") have been working together since 2017 to establish funding for and expand the current Monroe County Convention Center. The City, previously, approved various documents in support of the passage of a Food and Beverage Tax by the Monroe County Council, which would fund the expansion of the Convention Center. The City also approved an Interlocal Cooperation Agreement in 2024 with Monroe County that created a Capital Improvement Board ("CIB"), appointed members to the CIB, and provided for a City Building Corporation to be created by a lease to be entered into for the ownership of the expanded Convention Center. The Resolution affirms the Common Council's finding that the expanded Convention Center is necessary and allows for the next steps, which will include a public hearing and approval of a lease to occur.