City Council

City Council Agenda MEETING DATE: Tuesday, June 2, 2026, at 5:30 PM MEETING PLACE: City Hall, Council Chambers 101 W. Main Street, Madison, IN 47250 LIVE STREAM LINK: www.youtube.com/@CityofMadisonIndianaGovernment A. Lord’s Prayer/Pledge of Allegiance B. Calling of roll & notice of absentees C. Reading, approving, correcting, or disposing of minutes from prior meeting D. Presentation of petitions, memorials, remonstrances, introduction of motions, and guests E. Resolution or Bills • Resolution 2026-4C: Declaratory Resolution for Property Tax Abatement (Sponsor: Wilber) (Sets forth the findings regarding a partial real property tax abatement for new hotel) • Ordinance 2026-11C: Establishing the TIF Grant Fund for the Madison Redevelopment Commission (Sponsor: Krebs) (Creates non-reverting fund for grants accepted by the redevelopment commission) • Ordinance 2026-12C: Establishing the TIF Donation Fund for the Madison Redevelopment Commission (Sponsor: Krebs) (Creates non-reverting fund for donations accepted by the redevelopment commission) F. Reports, recommendations, other business from standing/select committees of the city council G. Reports from City Officials H. Bills on second reading I. Miscellaneous J. Public comments (per sign-up sheet) K. Mayor’s comments L. Next Council Meeting: Tuesday, June 16, 2026, at 5:30 PM at City Hall, Council Chambers M. Motion to adjourn City of Madison acknowledges its responsibility to comply with the Americans with Disabilities Act of 1990. To assist individuals with disabilities who require special services (i.e. sign interpretative services, alternative audio/visual devices, etc.) for participation in or access to City sponsored public programs, services and/or meetings, the City requests that individuals make requests for these services forty-eight (48) hours ahead of the scheduled program, service and/or meeting. To plan, contact ADA Coordinator at 812-265-8300. Common Council Minutes MEETING DATE: Tuesday, May 19, 2026, at 5:30 PM MEETING PLACE: City Hall, 101 W. Main Street, Madison, IN 47250 The Common Council of the City of Madison, Indiana, met in regular session at 5:30 P.M. at City Hall, 101 W. Main Street, Madison, IN 47250. Council President Jim Bartlett opened the meeting with the Lord’s Prayer followed by the Pledge of Allegiance. Present: Thevenow, Krebs, Wilber, Dattilo, Storm, and Bartlett were present. Schafer was absent (6-1). Minutes: Wilber moved to approve the minutes from the May 6, 2026, regular meeting, seconded by Krebs. All in favor, motion carried (6-0). Presentation of petitions, memorials, remonstrances, introduction of motion & guests: None. Resolutions or Bills: None. Recess Regular Council Meeting Call to Order Public Hearing: Ordinance 2026-10C: Fee Change Amendment (Sponsor - Wilber): (Updates fee schedule for planning and zoning applications.) Economic and Redevelopment Director Tony Steinhardt explained to the Council and public that the City has been working through several Planning, Preservation, and Design initiatives, including the development of the Unified Development Ordinance (UDO). With the UDO now adopted, the department’s focus has shifted to establishing the associated fee structure. Tony outlined the state requirements and explained that the proposed fees were developed in collaboration with Amy Williams of the consulting firm assisting the City throughout the process. The Plan Commission reviewed the proposed fee schedule and unanimously approved a recommendation for adoption. Amy Williams presented the proposed fee changes and was available to address questions from both Council members and the public. The full presentation is available on the City of Madison YouTube channel. Adjourn Public Hearing Reconvene Regular Council Meeting Reports, recommendations, and other business from standing/select committees of the city council: None. Reports of city officials: Liquor License Renewals – Emily McKinney: The four applications before the Council tonight represent the first renewals of the year. Two of the applications are for restaurants — Rivertown Grill and Red on Main — and two are for cultural experience venues — Red Bicycle Hall and the Ohio Theatre. All applicants have met the required financial obligations. The applications have been reviewed by both the Economic and Redevelopment Department and the Mayor’s Office. Emily is requesting Council approval of all four renewal applications. Motion: Krebs moved to approve the Liquor License Renewals, seconded by Dattilo. All in favor, motion carried (6-0). Bills on second reading: Ordinance 2026-10C: Fee Change Amendment (Sponsor - Wilber): (Updates fee schedule for planning and zoning applications.). Roll Call Vote: Thevenow – Y, Krebs – Y, Dattilo – Y, Storm – Y, Bartlett – Y, Wilber – Y. All in favor, ordinance passes (6-0). Public comment (per sign-up sheet): Keith Schmidt, 203 Westwood Lane, wanted to address the poor conditions of the Green Road strip of road on the hill. Elliot Weaver, Boy Scouts Troop 717, explained to the Council that for his Citizenship in the Community badge, he needed to identify a problem in the community. Although it may not be in the Council’s jurisdiction, he addressed the semis speeding out near Wirt. Mayor’s comments: None. The next regular meeting will be held on Tuesday, June 2, 2026, at 5:30 pm. Adjourn: Krebs moved to adjourn, seconded by Wilber. All in favor (6-0). Attested: Mayor President Pro Tempore Shirley Rynearson, Clerk-Treasurer  COMMON COUNCIL OF THE CITY OF MADISON, INDIANA RESOLUTION NO. 2026-4C PRELIMINARY ECONOMIC REVITALIZATION AREA RESOLUTION REAL PROPERTY TAX ABATEMENT (CLIFTY MADISON LLC) WHEREAS, Clifty Madison LLC (the “Company”) has requested that the Common Council of the City of Madison, Indiana (the “Council”) approve a 6-year real property tax deduction period for a proposed project including real property redevelopment or rehabilitation; WHEREAS the Company has advised the Council that it intends to construct a development consisting of a hotel project (the “Project”) on property further described in the map attached hereto as Exhibit A and incorporated herein by reference (collectively, the “Real Property”); WHEREAS, the Company has further requested that the Real Property be designated an economic revitalization area (an “ERA”) for purposes of permitting such deductions; WHEREAS, the Company submitted to the Council a form SB-1/Real Property (Statement of Benefits, Real Estate Improvements) in connection with the Project, and provided all information and documentation necessary for the Council to make an informed decision (collectively, the “Statement”); WHEREAS, the Council is authorized under the provisions of I.C. 6-1.1-12.1-1 et seq. to designate areas of the City as an ERA for the purposes described herein; and WHEREAS, the Council has considered the Statement submitted by the Company and has conducted a complete and proper investigation of the Real Property and determined that the area qualifies as an ERA under Indiana statutes; NOW, THEREFORE, IT IS FOUND, DETERMINED AND RESOLVED by the Council: 1. That the estimate of the value of the redevelopment or rehabilitation of the Real Property is reasonable for projects of that nature. 2. That the estimate of the number of individuals who will be employed or whose employment will be retained as a result of the proposed redevelopment or rehabilitation of the Real Property can reasonably be expected to result from the proposed redevelopment or rehabilitation of the Real Property. 3. That the estimate of annual salaries of those individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed redevelopment or rehabilitation of the Real Property. 4. That the number of individual opportunities for employment, both temporary and permanent, and the compensation to be paid to employees, along with the value of the acquisition and construction of improvements as a result of the Project, create benefits of the type and quality anticipated by the Council within the ERA and can reasonably be expected to result from the proposed redevelopment or rehabilitation of the Real Property. 5. That the benefits described in the Statement can reasonably be expected to result from the proposed redevelopment or rehabilitation of the Real Property.  6. That the totality of benefits from the proposed redevelopment or rehabilitation of the Real Property is sufficient to justify a six-year real property tax deduction period. NOW, THEREFORE, based on the foregoing, the Council further RESOLVES, FINDS AND DETERMINES: 1. That all of the conditions for the designation of the ERA and all of the requirements for the tax deductions to be granted hereby have been met, and the foregoing findings are true and all information required to be submitted has been submitted in proper form. 2. That the Statement submitted by the Company is hereby approved. 3. That the Real Property is hereby designated as an ERA pursuant to I.C. 6-1.1-12.1-1 and the Company is entitled to a six-year real property deduction period for the proposed redevelopment or rehabilitation of the Real Property. 4. With respect to the Real Property, the percentage of deductions for each of said six (6) years shall be as follows: Year 1 100% Year 2 50% Year 3 50% Year 4 50% Year 5 50% Year 6 50% 5. That notice hereof should be published according to law stating the following: the adoption and substance hereof, a copy of the description of the affected area is available for inspection in the County Assessor's Office and the date on which the Council will hear and receive remonstrances and objections and take final action, all as required by law. PASSED AND ADOPTED by the Common Council of the City of Madison, Indiana, this ____ day of _____________, 2026. CITY OF MADISON, INDIANA Councilman ____________________________________ Bob G. Courtney, Mayor Attest: ___________________________________ Shirley Rynearson, Clerk-Treasurer 2 Exhibit A - 412 Clifty Drive 4/1/2026 www.reedyfinancialgroup.com Page 1 of 5 City of Madison, Indiana Hotel Development Analysis Created By: Reedy Financial Group, P.C. April 1, 2026 9000 Keystone Crossing PH: 1-317-820-3440 Ste. 660 © 2026 [Reedy Financial Group, PC] Indianpolis, IN 46240 All rights reserved. 4/1/2026 www.reedyfinancialgroup.com Page 2 of 5 City of Madison, Indiana Hotel Development Analysis Table of Contents Page Assessed Value Projection 3 TIF Revenue Calculation 4 TIF Cashflows Data 5 9000 Keystone Crossing PH: 1-317-820-3440 Ste. 660 © 2026 [Reedy Financial Group, PC] Indianpolis, IN 46240 All rights reserved. 4/1/2026 www.reedyfinancialgroup.com Page 3 of 5 City of Madison, Indiana Hotel Development Analysis Assessed Value Projection PROPOSED REAL PROPERTY PROJECTION Property Estimated Investment Estimated Land Building Square Parcel Number Property Address Amount Assessed Value Assessed Value Footage 39-08-22-113-002.002-007 410 Clifty Drive $ 15,000,000 $ 264,761 $ 6,068,579 57,899 39-08-22-113-002.000-007 412 Clifty Drive 9000 Keystone Crossing PH: 1-317-820-3440 Ste. 660 © 2026 [Reedy Financial Group, PC] Indianpolis, IN 46240 All rights reserved. 4/1/2026 www.reedyfinancialgroup.com Page 4 of 5 City of Madison, Indiana Hotel Development Analysis TIF Revenue Calculation Taxing District 007 Estimated AV $ 6,333,340 Taxing District Rate $ 3.0901 Gross TIF Revenues $ 195,707 (-) Estimated Circuit Breaker $ 5,706 Estimated TIF Revenues $ 190,000 9000 Keystone Crossing PH: 1-317-820-3440 Ste. 660 © 2026 [Reedy Financial Group, PC] Indianpolis, IN 46240 All rights reserved. 4/1/2026 www.reedyfinancialgroup.com Page 5 of 5 City of Madison, Indiana Hotel Development Analysis TIF Cashflows Data Assessment Data Collections Data Developer Developer RDC TIF RDC 6 - Year Tax Abatement Net AV After Abated Taxes Cumulative Revenue Cumulative Year TIF Assessed Value Abatement Amount Abatement Saved Tax Savings Collections Cash TIF Years Pay 2026 0 Pay 2027 1 Pay 2028* $ 3,166,670 $ 3,166,670 $ - $ - $ 95,000 $ 95,000 2 Pay 2029** $ 6,333,340 100% $ 6,333,340 $ - $ 190,000 $ 190,000 $ - $ 95,000 3 Pay 2030 $ 6,333,340 50% $ 3,166,670 $ 3,166,670 $ 95,000 $ 285,000 $ 95,000 $ 190,000 4 Pay 2031 $ 6,333,340 50% $ 3,166,670 $ 3,166,670 $ 95,000 $ 380,000 $ 95,000 $ 285,000 5 Pay 2032 $ 6,333,340 50% $ 3,166,670 $ 3,166,670 $ 95,000 $ 475,000 $ 95,000 $ 380,000 6 Pay 2033 $ 6,333,340 50% $ 3,166,670 $ 3,166,670 $ 95,000 $ 570,000 $ 95,000 $ 475,001 7 Pay 2034 $ 6,333,340 50% $ 3,166,670 $ 3,166,670 $ 95,000 $ 665,000 $ 95,000 $ 570,001 8 Pay 2035 $ 6,333,340 $ 6,333,340 $ 190,000 $ 760,001 9 Pay 2036 $ 6,333,340 $ 6,333,340 $ 190,000 $ 950,001 10 Pay 2037 $ 6,333,340 $ 6,333,340 $ 190,000 $ 1,140,001 11 Pay 2038 $ 6,333,340 $ 6,333,340 $ 190,000 $ 1,330,001 12 Pay 2039 $ 6,333,340 $ 6,333,340 $ 190,000 $ 1,520,002 13 Pay 2040 $ 6,333,340 $ 6,333,340 $ 190,000 $ 1,710,002 14 Pay 2041 $ 6,333,340 $ 6,333,340 $ 190,000 $ 1,900,002 15 Pay 2042 $ 6,333,340 $ 6,333,340 $ 190,000 $ 2,090,002 16 Pay 2043 $ 6,333,340 $ 6,333,340 $ 190,000 $ 2,280,002 17 Pay 2044 $ 6,333,340 $ 6,333,340 $ 190,000 $ 2,470,003 18 Pay 2045 $ 6,333,340 $ 6,333,340 $ 190,000 $ 2,660,003 19 Pay 2046 $ 6,333,340 $ 6,333,340 $ 190,000 $ 2,850,003 20 Pay 2047 $ 6,333,340 $ 6,333,340 $ 190,000 $ 3,040,003 21 Pay 2048 $ 6,333,340 $ 6,333,340 $ 190,000 $ 3,230,003 22 Pay 2049 $ 6,333,340 $ 6,333,340 $ 190,000 $ 3,420,004 23 Pay 2050 $ 6,333,340 $ 6,333,340 $ 190,000 $ 3,610,004 24 Pay 2051 $ 6,333,340 $ 6,333,340 $ 190,000 $ 3,800,004 25 *Includes partial assessment assuming 14 month construction timeline. **Assumes Tax Abatement begins at first full assessment year. 9000 Keystone Crossing PH: 1-317-820-3440 Ste. 660 © 2026 [Reedy Financial Group, PC] Indianpolis, IN 46240 All rights reserved.  ORDINANCE NO. 2026-11C Sponsored by: Krebs AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF MADISON, INDIANA ESTABLISHING THE TIF GRANT FUND FOR THE MADISON REDEVELOPMENT COMMISSION WHEREAS, the City of Madison Redevelopment Commission receives TIF funding twice a year though property tax collections; and WHEREAS, the Economic & Redevelopment Department applies for grants to help support the Redevelopment Commission’s initiatives; and WHEREAS, the Common Council desires to establish a TIF Grant Fund for grant dollars that are allocated towards Redevelopment Commission projects NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Madison, Indiana as follows: SECTION 1. ESTABLISHMENT There is hereby established a Non-Reverting Operating (NRO) Fund known as the TIF Grant Fund ("Fund"), maintained as a separate account that does not revert at fiscal year-end. Monies in the Fund are restricted to grants that have been awarded to projects under the Redevelopment Commission’s purview. The purpose of the Fund is to allow better financial tracking of the Redevelopment Commission’s grant dollars by separating them out from the larger TIF fund that receives tax collections. SECTION 2. ADMINISTRATION The Fund shall be administered and controlled exclusively by the City of Madison Redevelopment Commission. All Fund actions require formal Board vote at a public meeting. No City officer or official may direct the transfer or expenditure of Fund monies except as provided in this Ordinance. The Common Council retains authority to amend or dissolve the Fund by ordinance. SECTION 3. FUNDING The Fund may receive grant dollars that are associated with projects under the Redevelopment Commission. SECTION 4. PERMITTED USES Fund monies shall be used exclusively for the Redevelopment project in which the grant was awarded. All expenditures require Redevelopment Commission approval at a public meeting. SECTION 5. RESTRICTIONS Fund monies shall never be transferred to the City General Fund or used for non-Redevelopment Commission purposes. Any transfer in violation of this Ordinance is void and subject to immediate return to the Fund. Upon dissolution of the Fund by ordinance, remaining balances shall transfer to the TIF Miscellaneous Fund #4445. SECTION 6. EFFECTIVE DATE This Ordinance takes effect upon passage and publication as required by law. ADOPTED by the Common Council of the City of Madison, Indiana, this 19th day of May, 2026. PRESENTED BY: ________________________________________ Councilman ________________________________________ Bob G. Courtney, Mayor ATTEST: ________________________________________ Shirley Rynearson, Clerk-Treasurer  ORDINANCE NO. 2026-12C Sponsored by: Krebs AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF MADISON, INDIANA ESTABLISHING THE TIF DONATION FUND FOR THE MADISON REDEVELOPMENT COMMISSION WHEREAS, the City of Madison Redevelopment Commission receives TIF funding twice a year though property tax collections; and WHEREAS, the Economic & Redevelopment Department receives donations to help support the Redevelopment Commission’s initiatives; and WHEREAS, the Common Council desires to establish a TIF Donation Fund for donations that are allocated towards Redevelopment Commission projects NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Madison, Indiana as follows: SECTION 1. ESTABLISHMENT There is hereby established a Non-Reverting Operating (NRO) Fund known as the TIF Donation Fund ("Fund"), maintained as a separate account that does not revert at fiscal year-end. Monies in the Fund are donations that are restricted to projects under the Redevelopment Commission’s purview. The purpose of the Fund is to allow better financial tracking of the Redevelopment Commission’s donation dollars by separating them out from the larger TIF fund that receives tax collections. SECTION 2. ADMINISTRATION The Fund shall be administered and controlled exclusively by the City of Madison Redevelopment Commission. All Fund actions require formal Board vote at a public meeting. No City officer or official may direct the transfer or expenditure of Fund monies except as provided in this Ordinance. The Common Council retains authority to amend or dissolve the Fund by ordinance. SECTION 3. FUNDING The Fund may receive donation dollars that are associated with projects under the Redevelopment Commission. SECTION 4. PERMITTED USES Fund monies shall be used exclusively for the Redevelopment project in which the donation was given. All expenditures require Redevelopment Commission approval at a public meeting. SECTION 5. RESTRICTIONS Fund monies shall never be transferred to the City General Fund or used for non-Redevelopment Commission purposes. Any transfer in violation of this Ordinance is void and subject to immediate return to the Fund.  Upon dissolution of the Fund by ordinance, remaining balances shall transfer to the TIF Miscellaneous Fund #4445. SECTION 6. EFFECTIVE DATE This Ordinance takes effect upon passage and publication as required by law. ADOPTED by the Common Council of the City of Madison, Indiana, this __th day of May, 2026. PRESENTED BY: ________________________________________ Councilman ________________________________________ Bob G. Courtney, Mayor ATTEST: ________________________________________ Shirley Rynearson, Clerk-Treasurer