The Westfield City Council voted unanimously on Dec. 22 to adopt Ordinance 25-85, authorizing economic development revenue bonds of up to $19,000,000 to support construction of a parking garage incident to the Park and Condo project.

Dustin Meeks, appearing remotely, told the council the ordinance establishes the terms for bond issuance and a loan agreement that would loan bond proceeds to the Westfield Park Street Building Corporation; that entity would bring proceeds into the project and the resulting garage would be owned and operated by the developer rather than by the city. "The garage, once constructed, will be owned, and operated by the developer, and not by the city," Meeks said.

Councilors asked how a potential REDI grant from the Indiana Economic Development Corporation (IEDC) would affect bond sizing. Janelle Fairman, director of economic development, said the city anticipates about $4,000,000 from a REDI grant but does not yet have a firm commitment from IEDC; the ordinance preserves additional bond capacity so the city could temporarily cash‑flow the grant if timing required it.

Councilor Wanninger moved to adopt the ordinance and Councilor McCarty seconded. On roll call the measure was adopted 5-0.

The ordinance authorizes general terms of the bonds and approves a loan agreement directing proceeds to the Park Street Building Corporation; staff emphasized the garage will not be a city liability because the developer will own and operate it. Meeks said the $19,000,000 figure represents maximum authorization rather than an immediate issuance amount.

Councilors indicated they were available to answer follow‑up questions but accepted staff’s explanation that the authorization gives flexibility to manage cash flow while the city awaits grant receipts.