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Whitestown board unanimously approves expansion of 65 Commerce West TIF area and related bond amendments
Summary
The Town of Whitestown approved Resolution 2026-02 to expand the Whitestown 65 Commerce West Economic Development and Allocation Area, plus two related resolutions—2026-03 (notice to taxing units) and 2026-04 (bond‑document amendments)—with officials saying the moves enable a developer project and pledged TIF funds for streets and utilities, not bridge work.
The Town of Whitestown board on a unanimous vote approved Resolution 2026‑02, expanding the Whitestown 65 Commerce West Economic Development and Allocation Area and creating two allocation areas to accommodate a multi‑site development.
Town staff said the resolution removes a parcel from an existing economic development area and places it into a newly designated allocation area to support infrastructure work tied to the project. Todd, a town staff member, told the board the change is intended to enable funding of streets, roads, water and sewer through tax‑increment financing (TIF) and that vertical construction remains the developer’s responsibility.
The action came alongside approval of Resolution 2026‑03, which staff said is an annual determination that the town must notify overlapping taxing units by June 15 that incremental assessed valuation will be captured for TIF districts; Nathan Fox with Cone ran the analysis staff referenced. The board authorized the staff‑recommended notice and report.
The board also approved Resolution 2026‑04, which authorizes amendments to bond documents connected to a developer purchase bond for the project referenced in the discussion as ‘‘Wallally’s.’’ Dennis, a town attorney/staff member, said the amendment updates the named owner of the land because the owner entity is changing inside the developer group and that the developer will cover legal costs. “No economic change here,” Dennis said, referencing the substance of the amendment.
Todd told the board the TIF financing plan anticipates an 80% TIF pledge with developer‑purchased bonds and that 20% of non‑TIF funding remains available to the town for infrastructure or related purposes; he said proposed TIF funds are not expected to pay for a bridge over White Lake Creek, though the town’s 20% share could support bridge costs. Staff said an economic development agreement for the project is expected to return to the board in a subsequent meeting.
All three resolutions passed unanimously. The board did not set specific bond issuance dates at the meeting and told members they expect to finalize allocation maps and the economic development agreement in the next month.
