The Indian Lake Theater is one of the stops along the Indian Lake Historic Walking Tour.
On Wednesday, Oct. 24, the newly incorporated Indian Lake Community Development Corporation met in the Town Hall to further breathe life into its 501-C-3 status as a not-for-profit corporation.
The Certificate of Incorporation has been officially accepted for filing in the state Secretary of State’s office and a Federal Tax ID number has been obtained.
During the meeting, 11 directors were elected to the board of the corporation, the board officially adopted by-laws, and the board elected four officers.
“The establishment of this corporation is an exciting step in the town’s revitalization,” said board member Ann Carroll, “ because economic restructuring will be facilitated through the receipt, administration and distribution of public and private funding obtained by the corporation.”
The corporation is formed for charitable and educational purposes and its efforts will help to encourage cooperation and build leadership in the business community to achieve its charitable and educational goals. The primary objective is to stimulate business and residential revitalization in the town of Indian Lake while lessening the burdens on local government and thus on the taxpayer, through public improvement activities undertaken directly by the corporation.
“As a not-for-profit, the corporation is now able to receive and put to work private and public funds,” Carroll said. “This will lessen the burdens on the local government and taxpayer while affording our town the revitalization it desperately needs.”
As a catalyst, the corporation is expected to partner with other entities and organizations in its effort to educate the public about the architecture and history of the town, as well as, the buildings and sites within it.
In addition, the corporation will have as a goal combating community deterioration throughout the entire town of Indian Lake. Focus will be placed on particularly enhancing the business environment and historic character of the town, including private homes and business buildings. This revitalization effort may include purchasing and holding real property and demolishing blighted or vacant structures. Efforts will also include improving the appearance of other buildings and properties throughout the town thereby combating the deterioration of the community.
Work will be undertaken to create, actively market and steward a positive image for the town of Indian Lake by effectively promoting the town as an exciting place to live, visit, shop and invest.
Scheduled meetings of the board of the Indian Lake Development Corporation will be open to the public. The next scheduled meeting will be at 7 p.m. Wednesday, Dec. 12 at the Indian Lake Town Hall on Pelon Road.