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Redevelopment commission approves Greenwood sewer contract change, returns $29,819 to town and clears claims
Summary
The commission approved a $29,819.20 deductive change order for the Greenwood Road sewer extension, approving the final pay application and returning savings to the town; it also approved the claims registry and heard fund‑balance reports showing $2.08 million TIF cash and $8.4 million in bond proceeds held by trustee.
The Sellersburg Redevelopment Commission voted unanimously on Sept. 24 to approve a deductive change order that reduced the Greenwood Road sewer extension contract by $29,819.20 and to authorize execution of the closeout documents. The formal motion passed 4‑0; commissioners also approved the night’s claims registry.
Finance staff reported the redevelopment commission’s tax-increment finance (TIF) fund cash balance is $2,081,577.06. Staff told commissioners that $8,400,000 in bond proceeds for sewer projects were received Aug. 20 but are…
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