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Council adopts infrastructure credit agreement ordinance for 'Project Assembly' on third reading
Summary
Marion County adopted on third reading an ordinance authorizing an infrastructure credit agreement with an entity identified in the meeting as 'Project Assembly' that would allow issuance of infrastructure credits and offset payments in lieu of taxes; the county said the ordinance had been available since first reading.
Marion County Council approved on third reading an ordinance authorizing execution and delivery of an infrastructure credit agreement with a company identified in the meeting as "Project Assembly." The ordinance provides for issuance of certain infrastructure credits and offset payments in lieu of ad valorem taxes.
At a public hearing, the item was presented and council asked whether anyone in…
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