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Council approves Great Eagle TIF district and developer‑purchased bonds
Summary
The council approved creation of the Great Eagle tax increment financing (TIF) district and voted to proceed with developer‑purchase bonds; the measures capture tax increment for a mixed housing development including 155 age‑targeted units and a clubhouse remodel.
The Fishers City Council voted to establish the Great Eagle tax‑increment financing district and to authorize related steps to issue developer‑purchase bonds for a mixed residential project at the intersection identified by staff (Brook Square Road and 126th Street notwithstanding an earlier address correction).
City staff described the proposal as two bond allocations: up to $750,000 for a clubhouse…
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