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Committee approves technical correction to US‑31 ramps interlocal agreement with Hamilton County
Summary
The Carmel committee on May 28 approved forwarding a corrected interlocal agreement (D‑2773‑25) with Hamilton County that restores language allowing the county to use new allocation‑area revenue to pay existing debt or borrow against future TIF receipts for the US‑31 Ramps Economic Development Area.
The Carmel Finance, Utilities, Rules & Safety Committee voted May 28 to send ordinance D‑2773‑25 to the full City Council with a positive recommendation. The ordinance reinstates language omitted from an earlier interlocal agreement between the city and Hamilton County concerning the US‑31 Ramps Economic Development Area.
Henry Mostesky, Carmel Redevelopment Director, told…
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