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Fishers City members approve transfer of Lot 5 taxpayer agreement tied to Union and Crossing bonds
Summary
At a Feb. 9 Fishers City meeting, members approved moving a taxpayer agreement tied to Lot 5 (the event center parcel). Staff said the agreement was recorded against property and will transfer automatically to successors when the city retakes Lot 5; the vote passed by voice.
At a Fishers City meeting on Feb. 9, members voted to approve the transfer and reassignment of a taxpayer agreement connected to Lot 5 at the event center, a move staff said will preserve pledged tax increment for debt service on the Union and Crossing bonds.
Staff member (Speaker 3) told members the arrangement dates to financing closed in 2025 for the Thompson Thrift development and that a separate taxpayer agreement had been “parked” on another parcel when the…
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