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Dear Editor:
More than a year ago, the Carmel city council approved bonds that have yet to be issued. At least, they haven’t been listed with the Indiana Department of Local Government Finance (IDLGF).
In June 2020, councilors okayed $14 million for a $70 million project at 116th Street and Range Line Road, $3.7 million for a project on the Monon Greenway and $5.6 million for something called Lot One at Main Street and Range Line Road.
Bonds issued since, according to data the city provided IDLGF, have been limited to water and sewer system projects and $3.6 million for infrastructure.
Earlier this year, the city council approved another $134.5 million for a police station annex, parking garage, Home Place road and stormwater improvements, and such other vital necessities as LED light shrouds for a water tower and a 911 communications tower.
The financial markets apparently have responded with a yawn.
So, Carmel sits with a big batch of requests as Wall Street finds better investments.
It’s tough being a would-be bride when the groom is off somewhere else trolling for dates.
Bill Shaffer
Carmel