Fishers, like most cities, pays vendors for a variety of services and materials, and there is usually a delay of weeks, sometimes months, before vendors receive payments from the city.

Tuesday morning, the Board of Public Works and Safety agreed to a contract with Municipal Finance & Services Corporation, a New Jersey based firm, to shorten that payment time and allow discounts.  The city would receive a reimbursement for part of that discount.

City officials say Fishers is the first to enter into a contract with the company locally, but Municipal Finance & Services is talking with a number of other municipalities in the area.  It is now up to the firm to negotiate agreements with the city’s vendors.

“Just trying to squeeze a nickel out of anywhere we can,” Mayor Scott Fadness said.  “Try to save as much money as we can.”

In one other item on the board agenda, the city voted to revoke five right-of-way permits for Verizon 5G towers in Fishers neighborhoods.  The 2-year deadline has passed to begin construction of these towers and none have had work started.  The city says Verizon has been notified and has not responded.  Verizon has not sent a request to Fishers for any new 5G towers in several months.

The towers with right-of-way revoked are at the following locations:

10916 Gatewood Lane in Gatewood

11006 Lake Run Drive in Gatewood

11001 Beech Drive in Gatewood

7555 Meadow Ridge Drive in Berkley Grove

8163 Fawnsbrook Drive in Fawnsbrook Woods