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Fishers RDC authorizes lease financing steps for Community Center project
Summary
The commission approved a resolution authorizing execution of a lease between the city, the redevelopment authority and commission for the Fishers Community Center project; the action moves the financing toward city council consideration and referenced a not‑to‑exceed lease rental payment figure in the meeting materials.
The Fishers Redevelopment Commission on June 9 adopted a resolution authorizing execution of a lease with the Fishers Redevelopment Authority and the commission related to the Fishers Community Center project, taking a financing step the staff said will move to the City Council for final approval.
Staff described the action as the lease‑financing mechanism for the Community Center project. Meeting materials and staff comments referenced a not‑to‑exceed lease rental payment amount of about $5,700,000 in the documentation; staff told the commission the community center financing and its implications had been considered in the city’s fiscal planning and budget sessions over recent years and asserted there would be no impact on the tax rate for this financing step.
The commission opened and closed the required public hearing with no public comment and then approved the resolution by motion and voice vote. Staff said that, if the council approves the item later in the day, the city will proceed with executing the lease and the related financing steps to get the community center ready for public use.
Ending — With commission approval, the lease authorization will be presented to the City Council; staff indicated plans to proceed toward opening the community center after the financing steps are completed.
