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RDC introduces 2026 budget with $2.5M downtown allocations; commission approves consent agenda and meeting schedule
Summary
At the Oct. 28 meeting the Zionsville Redevelopment Commission introduced the 2026 draft budget (not yet approved) that includes proposed Downtown TIF allocations of $2.5 million for a Citgo incentive and $2.5 million for roadway/pedestrian improvements tied to the Citgo project. The commission also approved the consent agenda and the 2026 meeting
The Zionsville Redevelopment Commission received a high-level introduction to its 2026 draft budget and approved several routine motions including the consent agenda and the 2026 meeting schedule.
Budget highlights introduced (discussion, not approval): Staff called attention to two Downtown TIF items in the 2026 draft budget: a proposed incentive for the Citgo (420 South Main) redevelopment listed at $2,500,000 and a proposed town contribution for road and pedestrian improvements associated with that project, also listed at $2,500,000. Staff described those line items as part of the draft budget to be discussed further; the commission will consider final approval at the Nov. 18 meeting. Staff also described Creekside TIF items including approximately $100,000 for roadway resurfacing to provide access to Lot 9 (Intelligent Living Solutions) and about $100,000 for joint signage in the Creekside Corporate Park entrance.
Votes at the meeting (quick reference): - Consent agenda (monthly report, TIF report, minutes, executive-session minutes, claims): motion moved and seconded; approved by voice vote (ayes recorded). - LOI for 420 South Main (Citgo lot): motion to approve substantially final LOI and assign the president as signatory; approved by voice vote (see separate article). - Development agreement for Creekside Corporate Park Lot 3: motion to approve in substantially final form and assign president to sign; approved by voice vote (see separate article). - 2026 meeting schedule: motion to approve the schedule; approved by voice vote.
Clarifying details: Staff emphasized that revenue projections for TIFs are conservative and are generally built off 2025 numbers because of assessment timing. Staff said the budget and revenue assumptions will be revisited prior to adoption to reflect Crow (assessor) data and other updates.
Ending: The 2026 budget will be considered for adoption at the commission’s Nov. 18 meeting; staff will bring any updates to assessed values or revenue assumptions to that meeting.
