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Council gives final approval to park improvement bond ordinance, authorizes up to $2.5 million
6704334 · October 28, 2025
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Summary
On second reading, the council approved Ordinance No. 14-17 authorizing issuance of special taxing district bonds via the Indiana Bond Bank for park facility improvements with a not-to-exceed amount of $2.5 million; final amount will be set closer to closing date.
The Speedway Town Council approved Ordinance No. 14-17 on Oct. 27 on second reading, authorizing the issuance and sale of special taxing district bonds to finance park facility improvements.
Philip Faust and financial adviser…
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