This is a public hearing, and If you want to speak, please attend the council meeting and provide your opinion. The community and recreation center has been in discussion since 2020.
The administration requests an appropriation of $1.8 million over the 2023 budget for constructing a Fishers Community and Recreation Center. The $1.8 million will eventually be re-paid back into the general fund when a bond is sold to build the Center. If you would like to read more about the facility, please click here.
The Community Center is planning to be located on the Northeast corner of 116th & Hoosier Road across from Fresh Tymes Grocery Store. This is not final. The bond will be sold sometime in 2023 or 2024.
A well-run community center serves as a thriving hub of activity for youth, families, senior citizens (indoor walking jogging track), civic organizations, parks (Dog Park) and recreation departments, and more. The building plans to house the Health Department. This is an article I found describing the benefits. Click Here
The cost of the facility will be around $60 million (About $5 million annual payment). In our Fiscal Plan presented in 2022, The Council is given debt amortization schedules that indicate Fishers can afford a Community Center without increasing the tax rate.
The Community Center has already had input from the community. I will respect these decisions before being elected unless I'm given a compelling reason not to vote yes on this resolution at this hearing.
- An Ordinance Amending Ordinance No. 052019H concerning the City of Fishers, Indiana Taxable Economic Development Revenue Bond Anticipation Notes, Series 2023A - 1st, 2nd, and 3rd Reading: Council Action Form I Ordinance
An Anticipation Note is short-term debt until a construction project is finished and will then be converted into a longer-term bond. This new debt will replace the 2022 anticipation debt due in February. If the city council rejects this short note, we will create a cash flow problem for projects currently being developed. I will vote yes.