Articles

Arts funding maintained in proposed city budget

Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor’s budget plan calls for cutting
$22
million in local spending. Funding for the parks department also should remain flat, at $21.1 million.

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City chooses firm to oversee parking-meter operations

The city has entered into a 50-year lease agreement with Dallas-based Affiliated Computer Services Inc. The
city will receive $35 million upfront and a share of revenue to make sidewalk and street repairs. Parking meter rates are
expected
to double in some areas.

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Seven cab companies denied licenses

The city of Indianapolis’ Department of Code Enforcement rejected the applications largely because the companies didn’t have
a dispatch facility or didn’t have employees to staff a facility.

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Ballard takes aim at vacant homes

If Mayor Greg Ballard successfully closes the $1.9 billion sale of the city’s water and sewer utilities to Citizens Energy,
some of the proceeds will be used to bulldoze or rehabilitate 2,000 to 4,500 abandoned, unsafe homes during the next two years.

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Brizzi hires ex-partner to handle public records requests

Marion County Prosecutor Carl Brizzi has hired his former legal partner and personal attorney to field public records requests.
Locally based Collignon & Dietrick PC is responsible for review and production of Prosecutor’s Office e-mails, contracts,
case files and other documents requested by members of the media or public.

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Bond swaps cost city units $93M in penalties

Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce
borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied
on misguided assumptions, and taxpayers paid.

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City eyes Central State site for sports complex

Indianapolis officials are exploring turning the former Central State Hospital into a 150-acre sports complex that could include
facilities for everything from soccer and baseball to tennis and ice skating.

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City takes risk with debt-laden IT-overhaul pick

To spearhead a once-in-a-generation overhaul of local government’s antiquated back-office computer system, Mayor Greg Ballard
has chosen an unprofitable software firm that as recently as March 31 warned investors that debt-refinancing issues could
force it out of business.

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CIB, Pacers discussing three-year deal

City officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term
deal. Optimism remains deal can get done by June 30.

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