Redevelopment commission approves North End Phase 3 allocation, TIF pledge and Phase 2 project agreement
At its regular monthly meeting the Carmel Redevelopment Commission unanimously approved three resolutions establishing an allocation area for North End Phase 3, pledging TIF for a North End Phase 2 bond and authorizing a project agreement that sets unit counts, parking easements and affordable/age-restricted covenants.
The full story
The Carmel Redevelopment Commission at its regular monthly meeting approved three linked actions to move the North End development toward construction: a confirmatory resolution creating a North End Phase 3 allocation area, a tax-increment financing (TIF) pledge for a North End Phase 2 bond, and a Phase 2 project agreement that sets development and affordable-housing commitments.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in