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Commission approves multiple program disbursements: small business loan, career center equipment, landscaping contract and bond payments
Summary
The commission approved a $4,478.43 revolving‑loan match for People’s Social, $20,457.62 reimbursement for Century Career Center equipment, a landscaping services contract with a $45,000 discretionary cap, and several trustee bond payments to Security Federal Bank.
At its April 22 meeting the Logansport Redevelopment Commission approved a group of smaller program disbursements and bond payments covering business assistance, career‑training equipment, landscaping services and annual trustee payments.
People’s Social: The commission approved Resolution 2025‑331 to provide a 15% revolving‑loan program match of $4,478.43 to People’s Social to fund exterior improvements, a handicap ramp and associated work. Bill Cutter presented background that the business purchased the property for $225,000, invested roughly $108,000 to date, and is requesting the 15% match under the revolving loan program. The motion passed by voice vote.
Century Career Center: The commission approved Resolution 2025‑234 to reimburse Lewis Cass School Corporation up to $20,457.62 for a horizontal band saw serving welding and machine trades pathways. Cutter and commissioners discussed equipment cost variance and why commercial instructional equipment can be substantially more expensive than home‑shop models; the commission approved the reimbursement with the stated split between downtown and consolidated TIF funds.
Landscaping contract and discretionary cap: The commission accepted a landscaping services contract with H and H Landscaping and approved Resolution 2025‑343 authorizing up to $45,000 from the discretionary fund for seasonal maintenance of RDC properties. Cutter noted additional properties were added to the scope and that the Board of Works will approve the services contract per procurement rules.
Bond/trust payments: The commission approved several trustee payments to Security Federal Bank for developer purchase bonds and related developer bond passes. Resolutions included payment amounts for Lexington Village bond interest and other developer bonds (motions recorded for Resolution 2025‑337, 2025‑338 and 2025‑339). Cutter explained the payment mechanics: typically the RDC retains 25% of annual increment and returns 75% to the project; amounts approved reflect trustee fees and the return payment formula. One payment passed with one abstention recorded in the meeting.
Each of these motions was moved and seconded in turn and passed by voice vote; staff will process reimbursements or payments following standard invoice and trustee procedures.
