Compiled by Anna Skinner
Fishers City Council met June 19. The next council meeting is scheduled for 7 p.m. July 17 at City Hall, 1 Municipal Dr. For more, visit fishers.in.us.
What happened: City council approved designating the proposed Knowledge Services as an economic revitalization area. It also approved the economic development agreement.
What it means: The economic development agreement between Knowledge Services and the City of Fishers includes a 10-year, 85 percent abatement of real property taxes, which equals to approximately $1.2 million. Knowledge Services also will receive a $500,000 construction grant for rehabilitating the site. Knowledge Services will bring 800 employees to Fishers with an aggregate payroll of $28 million by 2021.
What happened: Fishers City Council approved the issuance of a three-way liquor license to Another Broken Egg Café.
What it means: Last year during the legislative session, the City of Fishers obtained four, three-way liquor licenses. These licenses are specific to the Fishers downtown revitalization area and are non-transferable. Another Broken Egg Café has plans to move into the Switch building at 9 Municipal Dr. before the end of the year.
What happened: Council approved an abatement to Braden Business Systems unanimously, although council member Rich Block abstained.
What it means: Braden Business Systems is under construction. It was originally approved for 35,000 square feet. It has now grown to 45,000 square feet. The extra space will allow another company to move into the building. However, prior to building, surveys and environmental studies were unable to detect grain silos beneath the concrete. The silos have provided more sitework costs at approximately $93,000. The amendment would allow for two more years of abatement at 70 percent for Braden Business Systems.