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Sellersburg RDC approves officers, pays $241,199.88 in bond issuance costs
Summary
At its Jan. 5 meeting the Sellersburg Redevelopment Commission elected officers for 2026, approved routine minutes and claims, and unanimously authorized $241,199.88 to cover lease-rental bond issuance costs; all recorded votes were unanimous (4–0).
The Sellersburg Redevelopment Commission elected officers for the 2026 calendar year and approved payment of issuance costs tied to a lease-rental bond at its Jan. 5 meeting.
Commissioners voted unanimously to maintain Terry Nykford as president and approved the vice president and secretary nominations. The commission also approved the minutes and the claims register on voice votes recorded as 4–0.
On a motion by Michael, seconded by Todd, the commission authorized payment of $241,199.88 in issuance costs related to a lease-rental bond closed in August. Staff said the total covers legal review and document production, the trustee fee, the buyer’s counsel, and financial-advisor services and that the items were portrayed during the closing process; none were characterized as surprises. The motion passed by unanimous voice vote and was recorded as 4–0.
Other routine actions included approval of the claims register and adjournment by unanimous voice votes. No votes failed or were recorded as opposed during the meeting.
The commission said staff will submit the approved claims and issuance-cost payments to the trustee so vendors can be paid in a timely manner. The next regular meeting will include further financial projections and budget planning.
