CHICAGO -- Two top Indianapolis officials with Mayor Greg Ballard’s administration are taking new city posts next month.

The executive director of the Indianapolis Local Public Improvement Bond Bank, the city’s borrowing arm, is leaving to become Ballard’s Deputy Mayor for Economic Development.

Deron Kintner has been with the bond bank since March 2008 and director since 2010. He replaces Michael Huber, the current Deputy Mayor for Economic Development, who is heading to the Indianapolis Airport Authority, where he will oversee revenue growth at the four-year-old facility.

The bond bank is in the midst of looking for a new executive director, according to Kris Butler, the bank’s deputy director. Butler joined the bond bank about five months ago from the Fort Harrison Reuse Authority.

Kintner, who is on vacation and was not available for comment, is set to begin his new job Sept. 4, pending City-County Council approval.

“Deron is the right choice to lead economic development efforts for the city of Indianapolis,” Ballard said in a statement. “For the past four years, Deron has played a key role in every major economic and neighborhood development deal in the city.”

Kintner joined the bond bank in 2008 as deputy director and general counsel. Before that he was a public finance attorney at Bingham McHale LLP. He became executive director in 2010 after then-director Kevin Taylor left to become a banker at City Securities LLC.

Huber, meanwhile, is set to become the Senior Director of Commercial Enterprise at the Indianapolis International Airport on Sept. 4. He will oversee the airport’s revenue-generating operations, including parking and commercial development.

As deputy mayor, Huber managed two high-profile privatization projects that helped defined Ballard’s first term. Indianapolis last year became the largest city in the U.S. to privatize its water and sewer systems when it sold the assets to a non-profit utility for $1.9 billion. The deal included $450 million in up-front cash and the assumption of roughly $1 billion of outstanding debt.

Huber also oversaw the long-term lease of the city’s parking system in 2010. The city leased its meters for 50 years to Affiliated Computer Services, a Texas-based parking technology company, in exchange for $20 million in up-front cash and a slice of annual parking revenue in the future.

Huber joined the Ballard administration in 2010 from the state, where he worked as Deputy Commissioner of the Indiana Department of Administration and Deputy Director of the Office of Management and Budget Government Efficiency and Financial Planning Group.

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