The Fishers City board on Nov. 26 approved an amendment to the financing terms for the CityView mixed‑use development, allowing the city to extend interim financing provided through bond anticipation notes while permanent bonds are negotiated.
Dustin Meeks, an attorney with Barnes & Thornburg, told directors that the city issued bond anticipation notes to provide interim financing for the CityView project on 116th Street and that there is "a desire to extend the interim financing of that project for a period of up to 4 years, prior to issuing permanent financing." He said the amendment aligns previously authorized lease and bond parameters with what the city and a prospective purchaser have discussed. "There are 3 changes, an increase to the maximum authorized principal amount of bond anticipation notes, an increase to the maximum authorized principal amount of bonds, and an increase to the maximum of authorized interest rate," Meeks said.
The amendment the board approved updates two underlying lease agreements and the prior building corporation resolution to permit those higher limits and the extended interim financing period. The transcript does not specify the new dollar amounts or the precise interest‑rate cap; those details were not stated on the record.
The Chair moved the amendment, the motion was seconded and approved by voice vote. The board recorded the approval but did not provide a roll‑call tally on the record.
The action allows the CityView project to continue under interim financing while the city and potential bond purchaser finalize permanent financing terms.