NOTICE OF PUBLIC HEARING CONCERNING AN ADDITIONAL APPROPRIATION OF THE
TOWN OF MARKLE, INDIANA,
REDEVELOPMENT DISTRICT
The residents and taxpayers of the Town of Markle, Indiana, Redevelopment District (which is coterminous with the boundaries of the Town of Markle, Indiana) are hereby notified that the Markle Town Council (the “Council”) will hold a public hearing at 7:00 p.m. local time, on Wednesday, May 21, 2025, at the Town Hall, 154 E. Morse Street, Markle, Indiana 46770, on the matter of appropriating the proceeds of the Town of Markle, Indiana, Redevelopment District Tax Increment Revenue Bonds, Series 2025 (the “Bonds”), to be issued in an amount not to exceed Four Hundred Thirty-Eight Thousand Dollars ($438,000). The proceeds of the Bonds will be used to provide for (i) the acquisition of land which is located in, or serving, or benefiting the Markle Residential Housing Allocation Area (the “Area”), and (ii) the costs of selling and issuing the Bonds.
The Bonds shall have a final maturity of no later than February 1, 2040. The Bonds are payable from tax increment derived from the Area, and if such tax increment is insufficient, from general revenues of the Town.
Said appropriation is in addition to any appropriations provided for in the existing budget and tax levy. At said public hearing, all persons shall have the right to appear and be heard on the necessity of said appropriation.
MARKLE TOWN COUNCIL
Dated: May 7, 2025
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