Indianapolis' City-County Council could vote Monday night on its proposed 50-year agreement with Xerox Co.’s Affiliated Computer Services, which was revised after public outcry over the original proposal.
Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.
City leaders argue the termination fee would be paid only if the city breaks the 50-year agreement after the City-County Council signs off on the deal, not if the contract doesn’t win approval.
Citizens Energy should have completed the majority of its due diligence of the city’s water and sewer utilities, which
it plans to acquire, by the end of this month.
Republican precinct committee members selected a replacement of Lincoln Plowman, who resigned earlier this month.
Indianapolis Mayor Greg Ballard said the city expects to recover $5.5 million from companies that failed to meet job requirements. The
city will use the money to fund economic development, convention, tourism and education efforts.