CONTRACTAPPROVED

Marion County Awards Financial Services Contract to Indianapolis Local Public Improvement Bond Bank (September 2025)

Disclosed value: Not to exceed $8,500,000 (bond principal); maximum 3% discount on sale; From minutes
Approved: Sep 8, 2025
Renews: Mar 2027; Free account

What it covers

The Indianapolis City-County Council authorized up to $8.5 million in general obligation bonds to finance a new fire station for Ladder 33 and permitted selling the bonds to The Indianapolis Local Public Improvement Bond Bank at a discount of up to 3%. The Mayor is authorized to execute a purchase agreement with the Bond Bank, with maturities running through 2045.

Who holds it

Indianapolis Local Public Improvement Bond Bank holds this financial services contract with Marion County. Its other public contracts on record include work for City of Indianapolis.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Marion County contract.

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Contract details

Contract type: Financial Services
Amount: Not to exceed $8,500,000 (bond principal); maximum 3% discount on sale
Document date: September 8, 2025
Term: Bonds to mature between July 1, 2026 and July 1, 2045
Renews: Free account
Vendor: Indianapolis Local Public Improvement Bond Bank
Agency: Marion County
Source document: Indianapolis City-County Council Meeting Minutes September 2025 (Minutes)

Indianapolis Local Public Improvement Bond Bank's other public contracts

City of Indianapolis, IndianaBond Bank reimbursed $38,759.50 for prior public improvement costs · Dec 3, 2025$38.8K Marion County, IndianaStormwater Refunding Bonds Approved for Sale to Bond Bank · Sep 9, 2024 All Indianapolis Local Public Improvement Bond Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Marion County?

Indianapolis Local Public Improvement Bond Bank was awarded this financial services contract by Marion County, as recorded on September 8, 2025. The contract value is Not to exceed $8,500,000 (bond principal); maximum 3% discount on sale.

How much is the Indianapolis Local Public Improvement Bond Bank contract with Marion County worth?

The Indianapolis Local Public Improvement Bond Bank contract with Marion County is valued at Not to exceed $8,500,000 (bond principal); maximum 3% discount on sale, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Indianapolis City-County Council Meeting Minutes September 2025 (Minutes), dated September 8, 2025 from Marion County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Indianapolis Local Public Improvement Bond Bank hold?

Indianapolis Local Public Improvement Bond Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Marion County currently buying?

Explore Marion County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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