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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 attendance wished to speak for or against the ordinance; no members of the public registered opposition. The council noted that members had received a full copy of the ordinance since first reading and proceeded to take action on third reading by voice vote. The transcript records the motion and an "Aye" vote; individual roll-call votes were not recorded in the meeting text.
The ordinance text and the identity of the company remain as presented in the meeting record: "the company currently identified as Project Assembly." No details about the size of the credit, economic-development terms, or the amount of payments in lieu of taxes were stated in the meeting transcript.
County staff said the item remains on hold earlier in the meeting pending further information from the project, but the council later took third-reading action on the ordinance and voted to adopt it. The transcript does not record the ordinance's municipal incentive terms, timetable, or any required follow-up conditions for implementation.
The council also reviewed other ordinance readings that evening; the conveyance of a tax parcel to HTC Incorporated was read on first reading and did not require action at that time.
