The Terre Haute City Council approved a budget for the 2018 fiscal year in a meeting Thursday night, cutting roughly $2 million from the original proposal.
The bond will help pay for improvements to the city's sanitation system in order to meet federal mandates set by the Clean Water Act.
The council is seeking ways to eliminate expenses and build up a cash reserve as the city attempts to decrease a more than $8 million deficit.
Saint Mary-of-the-Woods College and The Sisters of Providence in Terre Haute are now included in the National Register of Historic Places.
Terre Haute officials will support ISU's plan to spend $37.5 million in state money on renovating its basketball arena without waiting for a larger project.
Shahadey must also spend two years on supervised release.
The U.S. Department of Housing and Urban Development has awarded $178,500 to Terre Haute to improve public housing in the area.
The money is part of a statewide grant program and will go toward rehabilitating roads in the downtown area.
Several large parties that spiraled out of control are sparking a crackdown by Terre Haute and Indiana State University police.
At a meeting Tuesday night, council members looked at areas in the 2018 budget with increased spending, to evaluate possible ways to cut those costs.