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Council advances convention-center expansion, authorizes next steps for bond and lease process
Summary
The council found that an expansion of the Monroe County Convention Center is needed and authorized procedural steps — forming a building corporation, ordering appraisals and publishing a public-hearing notice — to allow tax-exempt bond financing; controller and counsel outlined timeline and funding structure (food-and-beverage tax as primary revenue).
The Bloomington Common Council adopted a resolution finding that an expansion of the Monroe County Convention Center is needed and authorized follow-up actions to permit lease and bond financing under Indiana Code 36-1-10.
City Controller Jessica McClellan explained that the resolution begins a prescribed sequence: ratify petition signatures, authorize formation of a single-purpose building corporation to own the expanded facility, publish notice of a public hearing on a proposed lease, and authorize…
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