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Zionsville RDC authorizes president to approve TIF bond disbursements, approves Wild Air Phase 1 draw
Summary
The Zionsville Design and Redevelopment Commission on Aug. 26 adopted a resolution giving the RDC president authority to approve routine TIF bond disbursement requests subject to legal and municipal-adviser review, and approved Wild Air Phase 1 draw request No. 3.
ZIONSVILLE, Ind. — The Zionsville Design and Redevelopment Commission on Aug. 26 approved a procedural change allowing the commission’s president to approve routine tax-increment-financing (TIF) bond disbursement requests, provided the disbursement is accompanied by approval from the town’s chief legal counsel and the municipal adviser. At the same meeting the commission also approved Wild Air Phase 1 draw request No. 3.
The change was presented as an efficiency measure: staff and counsel drafted an amendment to enable the RDC president to execute disbursements after the usual public approval and required backup have been provided. Deputy Mayor (name not provided) told commissioners the amendment would streamline regularly occurring…
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