The Local Public Improvement Bond Bank was created in accordance with Indiana Code § 5-1.4. The bank is a body separate from the city in its corporate capacity, established with the purpose of buying and selling securities of qualified entities. To accomplish its purpose, the Bond Bank may issue bonds or notes.

The Bond Bank also has general powers which include the power to enter, make and perform contracts of every lawful kind to accomplish its purpose. The State pledges to and agrees with the holders of any bonds or notes issued by the Bond Bank that the State will not limit or alter the rights vested in the Bond Bank to fulfill the terms of any agreement made with the holders of its bonds or notes, or in any way impair the rights or remedies of the holders of such obligations until the bonds or notes are fully repaid. The Bond Bank has no taxing power.

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Members

Executive Director:

Zac Jackson

 Board of Directors:

James Eibel
   Appointed by the Mayor, 3 year term, ends 12/31/27

Jarvis Jointer
  Appointed by the Mayor, 3 year term, ends 12/31/27

John Schuler
  Appointed by the Mayor, 3 year term, ends 12/31/27

(Two vacant seats)

Committee Contact

Department of Finance, 317-571-2414

Meeting Dates

All meetings are held as needed.

Resources

Local Public Improvement Bond Bank Meetings

Local Improvement Bond Bank Meeting Minutes