The Westfield Redevelopment Commission approved an amendment to its 2025 spending plan that reallocates existing TIF dollars and incorporates a newly authorized City Council grant, commissioners said at the meeting.
Austin Gutierrez, municipal adviser with Boundary Consulting, told the commission the principal change moved $1,500,000 into a lot for the Woodwind project. “The 1,500,000.0 all came from the 140 Sixth Street TIF,” Gutierrez said when summarizing the amendment.
Why it matters: Indiana requires municipalities to file spending plans with the Department of Local Government Finance (DLGF). This amended plan provides a near-term cash-flow projection and a public record of intended TIF allocations and capital uses.
The amendment also brought the previously discussed $13,000,000 City Council grant into the RDC capital accounts, a change noted by staff as the largest modification to the document. Commissioners voted 4-0 to approve the amendment; the motion was presented for approval and seconded, with Joe Plankis moving the item and John Dart seconding.
The commission and its municipal advisers described the spending plan as an information document rather than an appropriation: the plan breaks down projected TIF receipts and planned monthly spending, but separate contract approvals and appropriations will still follow the commission’s normal procurement and legal review processes.
Practical outcome: staff said the amended spending plan will be filed with the state and posted as part of meeting records so the public can view how TIF and grant dollars are intended to be spent moving forward.