2:

Objective Priority Actions

1. Create utility master plans for municipal sewer, water, and stormwater systems that identify necessary maintenance, replacement, and extension projects.

A. Proactively upgrade and/ or extend municipal utility services to key development and redevelopment sites in alignment with growth and quality of life goals.

2. Use the master plans in discussions with potential developers.

3. Leverage local funding and financing opportunities such as tax increment financing (TIF) and master planning results to pursue funding for improvements.

4. Extend services to areas that have the greatest return on investment potential.

B. Develop a regional infrastructure revolving loan fund to help developers or communities in the region with the cost of infrastructure expansion and/or capacity issues to support new residential or job growth.

1. Determine county, city, and town financial resources that could be used to seed the loan program.

2. Pursue additional federal and state funding for startup and operational costs.

3. Partner with regional financial institutions to assist in the loan process.

4. Create a loan program committee to evaluate applications and award loans.

5. Market the program to developers within the IND15RPC region and beyond.

6. Evaluate loan program successes and amend eligibility requirements and awards as needed.