Kokomo council approves financing for 192‑unit Brown Capital project and passes two zoning changes

The Kokomo City Common Council approved an ordinance (7239) authorizing taxable economic development revenue bonds (not to exceed $4,800,000) and forgivable notes (not to exceed $2,760,000) to support a 192‑unit market‑rate multi‑family development proposed by Brown Capital Group Contracts LLC.

The presenter described the project as a 192‑unit complex to be located between West Morgan and West Judson Street west of Northwest Park featuring amenities such as a clubhouse and pickleball courts and including "work from home" pods. The ordinance sets an interest cap for bonds at up to 8% and forgivable‑note interest at 5%. The council moved, seconded and approved the ordinance on first reading by voice vote; the transcript does not record individual roll‑call votes.

Councilman Greek introduced Ordinance 7241 (Z‑26), a rezoning petition for property at 2239 Pipeline Avenue to change from C2 commercial to low‑density multifamily residential (MI) within the community center overlay to allow a duplex; the council suspended rules and approved first and second readings and passed the ordinance by voice vote.

Councilman Greek also presented Ordinance 7242 (case P07Z‑26) to reclassify property at 1200 South Main Street from industrial manufacturing (MI) to C1 commercial to permit an auto‑body shop; the council suspended rules and approved the ordinance on second reading by voice vote.

The transcript records council approval of these items by voice votes; it does not include roll‑call tallies or recorded dissents beyond the voice approvals. The meeting closed with an announcement that the next meeting would be June 8 at 5:30 p.m.

No resident opposition, written petitions or detailed traffic/land‑use studies were read into the record for the zoning cases during the meeting; presenters stated that the commission had held prior hearings and forwarded the items to the council.