Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Whitestown pledges TIF revenue for Padgett Commons bond repayment
Summary
The Town of Whitestown approved a resolution pledging tax-increment revenues to repay taxable economic development revenue bonds for the Padgett Commons project, including a temporary allocation split that directs 50% to INDOT and 50% to the bonds until specified payoffs occur.
The Town of Whitestown Town Council unanimously approved a resolution pledging certain tax-increment revenues to the repayment of taxable economic development revenue bonds issued for the Padgett Commons project.
Resolution 2025-11 pledges captured TIF revenues for bond repayment and, according to staff, establishes an initial allocation that directs 50% of the captured revenues to INDOT and 50% to the town’s economic development…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
