A special city commission meeting was held Tuesday night to vote on the issuance of Industrial Revenue Bonds for ICON Enterprises Inc., the parent company of CivicPlus.
City commissioners approved bonds for the company, which creates and manages websites and networks for local governments across the country, in the amount not to exceed $13.6 million.
They passed the measure 5-0, unanimously supporting the issuing of the bonds.
CivicPlus plans to build a new five-story building on the corner of Fourth and Pierre streets with the money.
Assistant City Manager Lauren Palmer said the city is acting as the “financing conduit” for CivicPlus and would not be responsible for the repayment of the bonds. She said that responsibility rested solely with the business.