Redevelopment boards can borrow on their own, AG says

Municipal redevelopment commissions and authorities can borrow money or issue bonds without city council approval, Indiana Attorney General Greg Zoeller siad in a legal advisory opinion released last week. Approval of the common council is required only for those transactoins enumerated in the statues as requiring such approval. Zoeller's opinion rose out of debate concerning the funding of a performing arts center project in Carmel