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Commission discusses Zionsville TIF excess funds and possible uses including a roundabout and fire station work
Summary
Commissioners discussed estimates of excess funds in the Zionsville TIF and potential uses — including a roundabout and a renovation or replacement of a Ford Road fire station — but took no formal action.
Members discussed available and projected excess funds in the Zionsville TIF area and potential projects that town leaders had considered, including intersection improvements and a fire station renovation or rebuild.
During the discussion a commission member estimated the TIF’s excess balance “between half a million and a million dollars,” and another said it was “closer to a million now.” A staff member later estimated the balance she last checked as “probably 850 to 900,000.” The participants also…
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