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Redevelopment commission approves $25 million community impact payment addendum with Decennial Group
Summary
As an addendum to an existing development agreement for a data center project, Decennial Group LLC agreed to a $25,000,000 community impact payment (in addition to previously agreed annual payments). The commission approved the addendum; staff outlined the staggered payment schedule including an initial $5,000,000 payment at 30 days after groundbreaking.
The commission approved an addendum to the development agreement between the City of Hammond, the Hammond Redevelopment Commission and Decennial Group LLC on May 19 that adds a $25,000,000 community impact payment tied to a data center expansion. Staff described the payment schedule: an initial $5,000,000 within 30 days of groundbreaking, followed by additional staggered payments and a remaining balance to be paid within 90 days, along with the previously stated $4,000,000 per year agreement.
Staff characterized the addendum as representing "a significant community impact payment for the city of Hammond" and commissioners voted to approve the agreement by recorded roll call, 5‑0. The staff presentation noted the payment would be made to a charitable organization related to the city, such as the Hammond Development Corporation, per the agreement language on the record.
