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Council advances first reading of ordinance to issue special taxing district bonds for park improvements

5914494 · October 9, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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