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Council approves $1.5 million economic development revenue bonds for Paget Commons project
Summary
The Town of Whitestown council voted 5-0 on June 11 to approve ordinance 2025-08 authorizing $1.5 million in economic development revenue bonds for the Paget Commons project following a required public hearing by the Economic Development Commission.
The Town of Whitestown Town Council on June 11 approved Ordinance 2025-08, authorizing the issuance of economic development revenue bonds for the Paget Commons project in a 5-0 vote.
Todd Barker, director of development services, read the ordinance and said the item represents the town’s $1,500,000 portion of Paget Commons financing. Barker said the Economic Development Commission held the required public hearing on June 6 and approved its portion of the request before the council vote.
A council member moved to approve the ordinance and the motion was seconded; the motion carried on an affirmative voice vote recorded by the president as 5-0. Barker noted two blanks on the ordinance front page (series year and hearing date) that will be filled in before final signatures.
No amendments or further conditions were recorded during the council’s action; the ordinance authorizes the town’s issuance of taxable economic development revenue bonds as part of the Paget Commons financing package.
