Council panel approves plan to add $120M in debt for road projects
The debt, which would be secured by future revenue the city expects to receive from county option vehicle taxes and the increased gas tax, would be on the books for 20 years.
The debt, which would be secured by future revenue the city expects to receive from county option vehicle taxes and the increased gas tax, would be on the books for 20 years.
Mayor Joe Hogsett, in introducing the 2019 city budget Monday night to the Indianapolis City-County Council, presented a plan to issue $120 million worth of debt over the next four years.
The program resulted in a private developer and state lawmakers avoiding hundreds of thousands of dollars in parking fees by receiving free spaces at bagged meters.
The Indianapolis City-County Council has given its theoretical OK to the project, though most of the $571 million in spending for the center has not yet been approved.
City code enforcement officials sent the company a letter asking them to halt their service for 30 days while the city works out a regulatory scheme that would tackle dockless bike and scooter sharing.
Members of the City-County Council on Monday voted overwhelmingly in favor of appropriating $560,000 to get Indy Achieves off the ground, but they also expressed concern about its ongoing cost amid many city needs.
Indianapolis Mayor Joe Hogsett on Tuesday plan to roll out an initiative called Indy Achieves, which will support students across Indianapolis’ 11 school districts.
The Indianapolis City-County Council on Monday night advanced proposals that would help Duke Realty Corp. move its headquarters from Carmel to a $28 million office building it would build on Indianapolis’ north side.
The Indianapolis City-County Council on Monday passed a proposal 22-1 after no discussion that allows the city’s former Department of Business and Neighborhood Services to transfer $1.2 million to buy 50 replacement vehicles.
In his annual state of the city address Monday night, Mayor Joe Hogsett will announce plans to beef up the city’s street maintenance crew by dozens of workers and to use a program that leverages private investment to pay for 15 infrastructure projects.
The projects are coming up now because the city has six months left to take advantage of more than $30 million in a federal loan guarantee program that it was awarded in 2012 by the U.S. Housing and Urban Development Department.
The announcement follows a unanimous City-County Council vote to approve $14.5 million in emergency funding to address potholes.
Zach Adamson has proposed an ordinance that “requires the administration and operation of the county jail facilities be non-privatized.”
Council member Jared Evans, who authored the proposal, said there are 15 hotels in the city with problematic ratios that are resulting in a drain on police and fire resources.
Mayor Joe Hogsett called for the use of the emergency funds after tens of thousands of complaints came in about the condition of city streets that had been littered with potholes after a rough winter with rapid changes in weather.
The proposal, which will be voted on by the full council March 12, calls for using emergency funds to fix many of the city’s pothole-littered roads.
Hogsett called the condition of local roads “deplorable” and vowed to “return our streets to safe, passable condition.” Since Jan. 1., the city has received more than 12,000 repair requests for potholes.
The unanimous vote also gave approval for the city to spend $4.2 million to acquire 140 acres of land from Citizens Energy Group as the site for the new jail, courthouses and mental health center.
The same proposal also authorizes the city to spend $4.2 million for the acquisition of 140 acres of land from Citizens Energy Group as the site for the new jail, courthouses and mental health center.
Mayor Joe Hogsett on Thursday announced a new public-private partnership program that will award up to $4 million next year in matching funds to community organizations for certain infrastructure projects.