Town of Fortville recently issued the following announcement.
TOWN OF FORTVILLE REDEVELOPMENT AUTHORITY
The Town of Fortville’s Council recently passed an ordinance to establish a redevelopment authority
within the Town (see ordinance below). The Town is looking to appoint three (3) board members, that
will serve the Town in this regard. Anyone interested in serving your Town and community should
send an introductory letter of interest to:
Andy Williams – Office Manager & Human Resources
714 E. Broadway Fortville, IN 46040
or
awilliams@fortvilleindiana.org
AN ORDINANCE ESTABLISHING A REDEVELOPMENT AUTHORITY FOR THE TOWN OF FORTVILLE, INDIANA, PURSUANT TO INDIANA CODE 36-7-14.5 AND REPEALING ALL ORDINANCES INCONSISTENT THEREWITH
WHEREAS, pursuant to the provisions of Indiana Code 36-7-14.5 (the “Act”), a municipality such as
the Town of Fortville, Indiana (the “Town”), may establish a redevelopment authority as a separate
body corporate and politic and as an instrumentality of the municipality with all the powers set
forth in the Act; and
WHEREAS, pursuant to the Act, a redevelopment authority is organized for the purposes of (i)
financing, constructing, and leasing local public improvements to the municipality’s redevelopment
commission; (ii) financing and constructing additional improvements to local public improvements
owned by the authority and leasing them to the redevelopment commission; (iii) acquiring all or a
portion of one (1) or more local public improvements from the commission by purchase or lease and
leasing such local public improvements back to the redevelopment commission, with any additional
improvements that may be made to them; and
(iv) acquiring all or a portion of one or more local public improvements from the redevelopment
commission by purchase or lease to fund or refund indebtedness incurred on account of those local
public improvements to enable the redevelopment commission to make a savings in debt service
obligations or lease rental obligations or to obtain relief from covenants that the redevelopment
commission considers to be unduly burdensome; and
WHEREAS, the Town has established a department of redevelopment known as the Town of Fortville
Redevelopment Commission (“Commission”); and
WHEREAS the Town Council of the Town finds that it is necessary to establish a redevelopment
authority with all powers under the Act, including assisting the Commission in the financing and
construction of local public improvements in the Town.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF FORTVILLE, INDIANA, THAT:
1. The Town Council of the Town now deems it to be in the best interest of the Town and its
citizens to establish and create a redevelopment authority as a separate body corporate and politic
and as an instrumentality of the Town with all the powers under the Act to be known as the “Town of
Fortville Redevelopment Authority” (the “Redevelopment Authority”), which Redevelopment Authority
is hereby created.
2. Pursuant to the Act, the Redevelopment Authority shall be governed by a Board of
Directors (the “Board”) composed of three (3) members, each of whom must be residents of the Town.
The President of the Town Council (the “President”) shall appoint the members of the Board.
Members of the Board shall serve for a term of three (3) years and may be reappointed for
subsequent terms. The President shall fill any vacancy on the Board by appointing a new member for
the remainder of the vacated term. Any Board member may be removed for cause by the President.
Board members shall not receive a salary, and no profit or money of the Redevelopment Authority
shall inure to the benefit of a member.
3. Upon their appointment by the President, the members of the Board shall take and
subscribe an oath of office under Indiana Code 5-4-1, which shall be endorsed upon the certificate
of appointment and filed with the records of the Redevelopment Authority.
4. The Board shall hold its meetings and carry out all its functions, powers, and purposes
in accordance with and pursuant to the Act, as it may be amended from time to time.
5. All other ordinances, resolutions, or parts thereof in conflict with the provisions and
the intent of this ordinance are hereby repealed.
6. This ordinance shall be in full force and effect from and after its passage.
Original source can be found here.
Alerts Sign-up