Redevelopment commission approves expanded interim financing for CityView, amends related leases
The Fishers Redevelopment Commission approved a resolution to expand interim financing parameters for the CityView mixed‑use project, authorize higher lease rentals and interest rates, and amend public‑lease premises by releasing roads paid down under a 2016 financing so they can be used for the CityView project.
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Dustin Meeks, an attorney with Barnes & Thornburg LLP, told the Fishers Redevelopment Commission the city will update the authorized parameters for previously issued bond anticipation notes and the eventual takeout bonds for the CityView mixed‑use development at 116th Street to reflect market conditions and additional interim borrowing needs. "Weare looking at up to four years of continued interim financing," Meeks said.
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