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City Councilman sends Mayor Tom Henry a letter key points to Electric Works project

(Photo Supplied/Greater Fort Wayne Inc.)

FORT WAYNE, Ind. (WOWO): Councilman Russ Jehl sent a letter Tuesday to Mayor Henry mentioning several points regarding the Electric Works project that should be addressed in negotiations between the city and the developer.

Jehl outlines several provisions including:

  • Any savings below the initial development estimate should be returned to the City Taxpayer.
  • The Developer’s Fee should be escrowed so the Developer’s money is exposed along with the Taxpayer’s.
  • The creation of an advisory panel of local developers and real estate experts to obtain further insight to the deal terms.
  • A complete list of infrastructure improvements and their costs associated with GE Electric Works.

Jehl wrote three letters to the Administration in early April asking for guidance on these points, but has not received a response to any of the letters.

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