The Redevelopment Commission of Sellersburg, Indiana, convened on September 24, 2025, to discuss key financial updates and project approvals. The meeting primarily focused on fund reports, including the Tax Increment Financing (TIF) fund balance and various appropriations.

Nicholas, the financial officer, reported that the current balance of the TIF fund stands at $2,081,577.06. He noted that this figure does not include the recent bond proceeds of $8,400,000 received for sewer projects, as these funds are held by a trustee and will be reflected in future reports. The TIF fund has maintained a positive balance of $873.32 after accounting for payments related to roadway projects.

The commission reviewed the TIF expenses, which currently total $671,078.49, indicating sufficient capacity for upcoming projects and expenditures. Nicholas also addressed the seed lawn care appropriation, explaining that while funds have been drawn from the operating account, adjustments can be made to ensure proper accounting.

A significant point of discussion was the Greenwood Sewer Extension project, which concluded with a deductive change order resulting in a savings of $29,819.20 for the town. The commission unanimously approved this change order, allowing the funds to be returned to the project budget.

The meeting also included a review of claims, with expenditures from the TIF fund totaling $33,816.79 and additional expenses from the seed fund amounting to $4,256.50. The commission approved the claims registry as presented, ensuring that all financial obligations are met.

In conclusion, the meeting highlighted the commission's ongoing financial management and project oversight, with a focus on maintaining transparency and accountability in the use of public funds. The next steps will involve further financial reporting and project updates as they progress.