Goshen City Redevelopment Commission - Special Session - November 21, 2025

Goshen redevelopment commission · November 21, 2025

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Land contract/tenant proposal and term change

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0:00 → 0:38(38s)

Speaker 1 opened discussion of a proposed land contract: the city would own the property for five years so there would be no property taxes (described as a wash); Speaker 2 said the petitioner will pay for the roof and the commission negotiated the land contract term down from seven years to five, with a larger balloon payment at the end and retained city control if the deal falls through.

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The Goshen redevelopment panel approved a 5-year land contract and related tenant arrangement, awarded a construction engineering contract to ANZ Engineering not-to-exceed $1,260,597 (subject to INDOT review), and approved an interlocal agreement with the county for the College Avenue bridge reconstruction. Several claims and routine claims payments were approved; the commission set its next meeting for Dec. 9, 2025.

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Transcript

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