[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6279781,"mediaKeyId","2619645-e42f8bc8d8c3113a40ef5e2ca6a7a98a","parentId",2619645,"title","Redevelopment commission approves Padgett Commons EDA with New City Development 4-1 after lengthy debate over road costs and utility relocation","audioSeconds",5561,"startMs",1511000,"endMs",7072000,"viewUrl","/Search/View?dp=1&key=2619645-e42f8bc8d8c3113a40ef5e2ca6a7a98a&start=1511&end=7072","thumbnailUrl","https://assets.pipeline.soar.com/2619645-e42f8bc8d8c3113a40ef5e2ca6a7a98a/thumbnail_1511000.jpg","articleUrl","/articles/6279781/Town-of-Whitestown/Boone-County/Indiana/Redevelopment-commission-approves-Padgett-Commons-EDA-with-New-City-Development-4-1-after-lengthy-debate-over-road-costs-and-utility-relocation","mediaUrl","https://secure.pipeline.soar.com/6279781-67cb846c94ac85257d0fdf057cec3120/orig.mp4?Expires=1771153779&Signature=CIPAMFvPeVPCHOxD4eyIg~F9FxzNu4pyNVIsovpmVR~PKLlEXT-pzTD5dcZukNI21XRc1sN8JiMAo-E4bfkhHIx-BwjIWnWnDA-eGBnHEV1csy3guS1wtg5aTeviLcWJGwK43wwMebYyERh1iH1WdUbKoDPR11l31-vAwhr~~JQXRhDEPjgFnKu3a4oyuiJh6Aass90es-NEmnGWhrgGr45nmx4dbHnOls5Q1DKwWNwbD6YYl2nqwoqDRfhJJGAZm-KhbapD8mbgvFVaYWZX5FSBYZKMiT2ZE-8bOJoWpRDXqIH6i5JrOKV-3NgLYxeQREHIP-f3gDJOlEbcN0Bt5A__&Key-Pair-Id=KUT5TJCACFTXG","author","Town of Whitestown, IN","date","2025-03-06T22:58:51Z","article","The Whitestown Redevelopment Commission voted 4–1 to approve Resolution 2025‑01, authorizing an economic development agreement (EDA) with New City Development LLC for the Padgett Commons project, a mixed‑use proposal on roughly 40 acres that the developer said would include retail, multifamily and senior housing along with new public roads and three roundabouts.

Isaac Bambourche, founder and CEO of New City Development, described the proposal and the proposed infrastructure the developer would build. Bambourche said the company’s plan would convert roughly 40 acres of farmland into a mixed‑use gateway with roughly 200,000–250,000 square feet of retail distributed across the site, multifamily housing and senior units, and a roughly $110 million project value with an assessed value increase the developer estimated at about $41 million. He told the RDC New City had allocated about $27.2 million toward exterior infrastructure (including roadwork and utility work) and would take on cost‑overrun risk for the infrastructure scope described in the EDA.

Bambourche described three roundabouts and about 4,900 linear feet of new roads; he said the firm had experience delivering similar work, citing recent projects such as Hop Station in Plainfield and a reuse in Fishers.

Commissioners, the town engineer and outside consultants pressed the developer on schedule and utility relocation risk. Town engineer Shree (first name in transcript only) and Mike McBride, vice president at American StructurePoint, explained that utility relocation — notably transmission‑line work cited by Duke Energy — can be time consuming and has led to long lead times for poles and materials. McBride said preliminary coordination suggested Duke would need roughly 12 months to get material, plus additional months for design and relocation, and that the town’s design and the utility schedules combined could make the northern portion of the exterior road take up to about two years from a design start to pole relocation and completion. McBride also said the town’s preliminary estimate included additional costs for inspection, testing and utility relocation that were not in the developer’s infrastructure subtotal, and he suggested $2–3 million or more could be needed for relocations and testing beyond the developer‑provided exterior cost assumptions.

Several residents and landowners spoke during public comment. Karen Padgett, the landowner of the site, urged prompt approval and said the new road was necessary for property access and for relieving local traffic congestion. Craig Anderson, who represented Padgett in the room and who has long worked on development in the area, urged commission approval and described prior marketing challenges tied to infrastructure. Ken Kinsale raised procedural concerns about who negotiated the EDA for the town and urged engineering staff be involved.

Commission and legal staff discussed completion‑guarantee language and the EDA’s relationship to other agreements the project will require, including a public‑private agreement (PPA), minimum taxpayer agreement (MTA) and bond/BOT documents. Counsel and developer representatives said the council had already approved related terms and that language to make completion guarantees cover the full project had been requested and could be inserted as a non‑substantive addendum if necessary.

After debate the RDC approved the resolution. The commission’s motion passed with four votes in favor and one opposed; the meeting record did not list each member’s vote by name. The RDC noted further steps remain, including execution of a BOT/bond agreement and the MTA to govern tax guarantees and draws on bond proceeds. Several commissioners stressed that the RDC’s role is to fund approved infrastructure and that final procurement and permitting steps remain.

The EDA as discussed allocates infrastructure responsibilities and limits town obligations: New City will undertake exterior road construction (subject to building and technical standards) and bear overrun risk except where delays or costs are the town’s fault. The agreement contemplates the developer will not be able to draw on RDC bond proceeds for interior site work until exterior roads and required public improvements are completed.

Outcome: Resolution 2025‑01 approving the EDA with New City Development was approved by the Whitestown Redevelopment Commission, 4–1. Further contractual steps (MTA, BOT/bond documents, PPA) remain before vertical construction proceeds.","mediaType","Video","parentTitle","03-13-2025 Redevelopment Commission Meeting","oneSentenceSummary","The Whitestown Redevelopment Commission voted 4–1 to approve Resolution 2025‑01, authorizing an economic development agreement with New City Development LLC for the Padgett Commons project after extended discussion on infrastructure costs, utility relocations and scheduling.","taxTitle","Town of Whitestown, Boone County, Indiana","taxId",52319,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6279787,"Whitestown parks director outlines Rex Park plan; no funding request yet",494,902000,1396000,"/Search/View?dp=1&key=2619645-e42f8bc8d8c3113a40ef5e2ca6a7a98a&start=902&end=1396","https://assets.pipeline.soar.com/2619645-e42f8bc8d8c3113a40ef5e2ca6a7a98a/thumbnail_902000.jpg","/articles/6279787/Town-of-Whitestown/Boone-County/Indiana/Whitestown-parks-director-outlines-Rex-Park-plan-no-funding-request-yet","https://secure.pipeline.soar.com/6279787-1e67eedb7cd033e81593907b7b86d78d/orig.mp4?Expires=1771153779&Signature=JigWrPKQ9okI7zR82qI8OCDTVszthDOTK6qa2gU8wiePRn5U57Dzhe8O0dkYgl4QILPZwIB9q2Z4L07WvI7U~pxVqEy9d7fr54l1NcfXYi3b8G-DcM7qNwv8au7iUIEJn-ZxKRjetUZoc4gDo36Nf6MThL4DeHI7FKh8qfycrSFcHsyn5eU7zJHC26XGzHeFFZPFQms1gqOOtpg0giizBGSTs-CZ8mJQMagMr3n0aBx8ZFLq69VZEo0A8ekha4Xm5QwbOPeLyBLEL3NkosWf5~IK0~NUsZ8MWHDuq9W-K7fwWlkJasHFIAdi-TXtTO0VSKB4GhDiNwW8cE5K0AYFNg__&Key-Pair-Id=KUT5TJCACFTXG","Dominic Cornett, assistant town manager and parks director for the Town of Whitestown, presented the design and community engagement summary for the planned Rex Park at the town’s rec site.

Cornett said the design work is under contract with JQLO and that the town completed multiple community engagement meetings to shape amenities. The plan for the southwest corner of the rec site calls for playgrounds, shelters, pickleball and basketball courts, a splash pad, pavilions, an amphitheater and pathways; Cornett said the park footprint would take “approximately 10 to 14 acres” of the rec property.

On funding and timing, Cornett said the town is “looking at some creative ways to fund it” with Kron Associates’ assistance but was “not asking for any funding, maybe yet.” He said the town had discussed combining common green space with an adjoining YMCA or other facility and that the design team aimed to keep a landscape buffer between the park and adjacent homes; the amphitheater would be oriented to minimize sound impacts on neighbors.

Asked about schedule, Cornett said the town hoped to break ground at the end of December and open the park in spring 2026. On cost he estimated a planning-level range of $6 million to $8 million but said final pricing was not yet available; Cornett also said the park design and renderings are on the town’s parks website.

Commissioners and neighbors asked about maintenance buildings, pedestrian connections to Little League fields and ingress from nearby housing. Cornett said maintenance equipment would likely be kept at the new town maintenance facility just south of the park site and that town staff were considering pedestrian crossings and roundabouts as on-site development proceeds.

No vote was required; commissioners and residents expressed support and appreciation for the outreach and design work.","Assistant town manager and parks director Dominic Cornett presented a community-informed design for a new 12–14‑acre Rex Park within the rec site, listing amenities, an estimated $6–8 million cost range and a target to break ground late this year and open in spring 2026; no funding action was requested at the RDC meeting.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6279792,"Whitestown RDC hears 2024 TIF results, reporting deadlines from municipal advisor",751,135000,886000,"/Search/View?dp=1&key=2619645-e42f8bc8d8c3113a40ef5e2ca6a7a98a&start=135&end=886","https://assets.pipeline.soar.com/2619645-e42f8bc8d8c3113a40ef5e2ca6a7a98a/thumbnail_135000.jpg","/articles/6279792/Town-of-Whitestown/Boone-County/Indiana/Whitestown-RDC-hears-2024-TIF-results-reporting-deadlines-from-municipal-advisor","https://secure.pipeline.soar.com/6279792-4df2c8ef19816ada3b9330ffb850c3c4/orig.mp4?Expires=1771153779&Signature=XKeoHEqH8oufB7RitJNABfcKgaMQ3IVVkOilxKAJAVvV386GPcvYcuw87ytVYcgD7sSgFGZcOykFUVLyA~sazLTnFD3SjhXSq8EhX5WeqrXv-fbbS3zcR1uC2W0I04wVRZ7ETjdYBtgsLjkV7EJEsmx43S2xU1r9Rw4KuXAz~3NvoUquVDmybtxTjkAdcBgX4uvHQK-lc3PckEK0gByID7WA3~v1TOLgBb1KpF3dT20a3TAw475YZRDC-SSpYptfXnaN17LS6JoVEb0S0HLf3UE3X~kk3gnYwvAGjJXNsoEIIrYmMSqkJAbAQnu3gGQ8xS39fYmgtlUB-KuFuMt5bw__&Key-Pair-Id=KUT5TJCACFTXG","Nathan Fox, municipal advisor at Kron Associates, presented the Town of Whitestown Redevelopment Commission’s annual TIF and RDC report and summarized statutory reporting deadlines and 2024 finances.

Fox told commissioners that the Clerk-Treasurer must provide an annual report by April 1 and that the RDC must present a report to town council and input data into Gateway and the TIP management system by April 15. He said the commission will provide the clerk-treasurer assistance with the Gateway data entry.

The presentation summarized 2024 TIF finances. Fox reported the RDC received about $11.8 million in TIF revenues in 2024 and spent about $17.4 million. He said the largest single expenditure in 2024 was roughly $9 million for the salt‑barn/maintenance building; other capital spending included about $2.7 million for road infrastructure and land acquisition, and the commission paid about $5.4 million in debt service. Fox said four TIF areas had not received TIF revenues in 2024 and therefore were not included in the slide totals.

Fox reviewed how TIF works: assessed value in the year a TIF area is created becomes the base value for overlapping taxing units; subsequent increases (captured AV) generate increment that funds the RDC during the life of the district, typically 25 years after debt is issued or revenue pledged.

He also summarized a developer-backed bond the RDC issued in 2024 for infrastructure around the Wally site, and he described required appendices in the annual RDC report — membership lists, outstanding debt, revenues and expenditures — that the RDC will submit to council to meet Indiana Code requirements.

No vote was required; commissioners confirmed the presentation was informational and thanked Fox for the report.","Kron Associates presented the RDC’s 2024 tax-increment financing (TIF) revenue and spending summary, explained statutory reporting deadlines and how TIF proceeds were used in 2024, with no formal action required by the commission.","actionData","errors"]

Article not found

Redevelopment commission approves Padgett Commons EDA with New City Development 4-1 after lengthy debate over road costs and utility relocation

Whitestown parks director outlines Rex Park plan; no funding request yet

Whitestown RDC hears 2024 TIF results, reporting deadlines from municipal advisor