Marion Common Council Agenda April 2026
Lease amendment enables $37M Elevate Marion bond financing
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Description
Marion officials are considering approval of a first amendment to the lease with the Marion Redevelopment Authority to enable up to $37 million in lease rental bonds. The expanded financing will support Elevate Marion Projects and refund various outstanding city bonds.
Contract Details
Contract Amount
Up to $37,000,000 (maximum principal amount of bonds)
Vendor
MARION REDEVELOPMENT AUTHORITY
Agency
Town of Marion, IN
Contract Type
FINANCIAL_SERVICES
Document Date
April 19, 2026
Renewal Info
First amendment increases the maximum principal amount of previously authorized bonds from $20,000,000 to $37,000,000 to include refinancing of existing bonds.
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Marion Common Council Agenda April 2026
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Marion Common Council Agenda April 2026
Marion Common Council Agenda April 2026
Marion Common Council Agenda April 2026
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