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Council advances first reading of ordinance to issue special taxing district bonds for park improvements
Summary
At first reading Oct. 8 the Speedway Town Council considered Ordinance No. 14-17, which would authorize issuance of special taxing district bonds on behalf of the town's park and recreation district to finance park improvements; staff said the process is roughly 40% complete and they expect to seek closing mid‑December if work continues.
SPEEDWAY, Ind. — The Speedway Town Council heard the first reading of Ordinance No. 14-17 on Oct. 8, a measure authorizing issuance and sale of special taxing district bonds by the town on behalf of the park and recreation district to finance certain park improvements. No vote was taken; the item was introduced as the ordinance’s first reading.
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