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Record of Proceedings

Indianapolis Local Public Improvement Bond Bank Meeting - October 19, 2026

Other Meetings (I) — Monday, October 19, 2026
BodyIndianapolis, Indiana
SessionOther Meetings (I)
DateMonday, October 19, 2026
StatusFILED
Video Record
0:00 / 11:43

Original source
Transcript — VerbatimClick a timed line to jump · ⧉ to share it

Speaker numbers apply only to this recording.

Speaker 1

1:14

Somehow another.

1:16

Um welcome everybody to the uh Indianapolis local public improvement bond bank meeting.

1:28

Uh welcome.

1:32

Let's see.

1:34

Um the um the city and Indiana law.

1:46

Uh we have the right so everybody is open door policy is okay.

Unassigned speaker

1:57

So

Speaker 1

1:57

we're gonna start our with new business.

2:02

Uh first is the approval of the minutes from August 17th.

Unassigned speaker

2:09

Uh

Speaker 1

2:10

the September meeting was canceled.

2:13

So the minutes for the uh August 17th has been distributed.

2:20

So I'm asking the members of the board, are there any corrections to those minutes?

2:27

Do I have a motion to approve?

Unassigned speaker

2:31

So

Speaker 2

2:31

move, Mr.

2:32

Chairman.

2:34

Second.

Speaker 1

2:35

All in favor say aye.

2:37

Aye.

2:39

Motion passes.

2:42

The August meeting minutes are approved.

Unassigned speaker

2:47

Uh

Speaker 1

2:47

we're gonna start with uh the bond approvals for the general obligation.

2:57

Resolution four.

3:01

Um these are bonds that were issued of a general obligation bonds for the health and hospital corporation projects.

Unassigned speaker

3:15

Thank

Speaker 3

3:15

you, Mr.

3:15

Chairman.

3:16

Uh yes, so we're up uh resolution number four um authorizes the issuance of up to 25 million dollars in bonds um that are uh to um build three ambulance bays for health and hospital corporation.

3:29

Um these bonds were uh approved unanimously by the um city county council, and they were also um approved by the uh HHC board um and two public hearings were held before the HH uh uh C Board of Directors.

3:45

Um we um are working with um

Unassigned speaker

3:49

uh

Speaker 3

3:49

Stevell as a placement agent uh for this transaction.

3:52

Uh Barnes and Thornberg is our bond counsel um and uh Crow is our um financial advisor.

3:59

Um so happy to answer uh any questions about the resolution.

Speaker 1

4:06

Okay.

4:11

Is there any discussion from the board regarding this resolution?

4:21

Uh I'll entertain a motion to approve resolution number four

Speaker 2

4:31

with

Speaker 1

4:31

the uh general obligation bonds for the health and hospital corporation project.

4:36

So I have a motion,

Unassigned speaker

4:39

second motion.

Speaker 1

4:42

Do I have a second?

Speaker 2

4:45

I would check.

4:46

I move the cheaper.

Speaker 1

4:48

All in favor, please say aye.

4:50

Aye.

4:52

Motion passed.

4:54

Resolution number four has been approved.

5:01

We move on to resolution five.

5:05

It's a general obligation of city bonds approved.

5:10

Approval.

5:11

The board has received the resolution number five, which is the issuance of general obligation bonds for city of Indianapolis projects.

Unassigned speaker

5:24

I

Speaker 1

5:24

will now call on the executive director for summary of the resolution.

Speaker 3

5:30

Thank you, Mr.

5:30

Chairman.

5:31

So these will be bonds issued in two separate series.

5:35

The first will be bonds of the Metropolitan Thoroughfare District.

Discussion Breakdown — Share of Meeting
Procedural█████████████████████████████████████████████63%
Construction Projects█████████13%
Health And Hospital Corporation█████████12%
Parking Management█████████12%
Summary of Proceedings

Indianapolis Local Public Improvement Bond Bank Meeting Summary - October 19, 2026

The Indianapolis Local Public Improvement Bond Bank held a meeting on October 19, 2026, approving three bond resolutions totaling up to $72.5 million for city projects. All votes were unanimous.

Consent Calendar

  • Approval of Minutes: The board approved the minutes from the meeting of August 17, 2026. The September meeting had been canceled.

Discussion Items

  • Resolution #4, 2026B – General Obligation HHC Bonds: The board authorized up to $25 million in bonds to construct three ambulance bays for the Health and Hospital Corporation (HHC). The resolution had previously been approved by the City-County Council and the HHC Board of Directors, where two public hearings were held.
  • Resolution #5, 2026C – General Obligation City Bonds: The board authorized bonds in two series: $15 million (backed by the Metropolitan Thoroughfare District) for a new Department of Public Works (DPW) operations facility on city-owned property southwest of downtown, and $12.5 million (backed by the Civil City Taxing District) for a new Indianapolis Metropolitan Police Department (IMPD) North District office at 30th and Meridian, on land leased from HHC. Huntington Bank is the underwriter. A Moody's rating meeting is scheduled, with pricing expected in early November.
  • Resolution #6, 2026D – Facility Revenue Bonds: The board authorized up to $35 million in facility revenue bonds to refinance interim financing for the construction of two parking facilities at the Community Justice Campus. The bonds are supported by non-property tax revenue. This is the second time the city has utilized this credit.

Key Outcomes

  • All three bond resolutions (Resolutions #4, #5, and #6) were approved unanimously by voice vote.
  • Upcoming Schedule: The board was informed that the next meeting dates are November 16 and December 14, 2026. A budget presentation by CFO Lord Canatzi is scheduled for November, with budget approval anticipated in December. Bond pricing for the general obligation and facility revenue bonds, as well as the private placement closing for the HHC bonds, is expected by November. No further project approvals are anticipated for the remainder of the year.
  • Adjournment: The meeting was adjourned following the completion of business.

Meeting Transcript

Somehow another. Um welcome everybody to the uh Indianapolis local public improvement bond bank meeting. Uh welcome. Let's see. Um the um the city and Indiana law. Uh we have the right so everybody is open door policy is okay. So we're gonna start our with new business. Uh first is the approval of the minutes from August 17th. Uh the September meeting was canceled. So the minutes for the uh August 17th has been distributed. So I'm asking the members of the board, are there any corrections to those minutes? Do I have a motion to approve? So move, Mr. Chairman. Second. All in favor say aye. Aye. Motion passes. The August meeting minutes are approved. Uh we're gonna start with uh the bond approvals for the general obligation. Resolution four. Um these are bonds that were issued of a general obligation bonds for the health and hospital corporation projects. Thank you, Mr. Chairman. Uh yes, so we're up uh resolution number four um authorizes the issuance of up to 25 million dollars in bonds um that are uh to um build three ambulance bays for health and hospital corporation. Um these bonds were uh approved unanimously by the um city county council, and they were also um approved by the uh HHC board um and two public hearings were held before the HH uh uh C Board of Directors. Um we um are working with um uh Stevell as a placement agent uh for this transaction. Uh Barnes and Thornberg is our bond counsel um and uh Crow is our um financial advisor. Um so happy to answer uh any questions about the resolution. Okay. Is there any discussion from the board regarding this resolution? Uh I'll entertain a motion to approve resolution number four with the uh general obligation bonds for the health and hospital corporation project. So I have a motion, second motion. Do I have a second? I would check. I move the cheaper. All in favor, please say aye. Aye. Motion passed. Resolution number four has been approved.

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