Lantern Commons Development Agreement Amended for TIF

The Westfield Redevelopment Commission approved a First Amendment to its development agreement with Lantern Commons Master, LLC, restructuring TIF allocations between the Front Street and Gateway allocation areas. In exchange for consenting to the new Gateway TIF, the developer receives a $96,587.20 annual TIF pledge toward the City's 2023 Front Street bonds.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Development Agreement dated September 26, 2023, as amended July 6, 2026

Renewal

First Amendment dated July 6, 2026 modifies the September 26, 2023 original development agreement; it adjusts allocation areas and pledges a fixed annual TIF amount for the life of the 2023 bonds.

Document type

AgendaPacket

Source document

City of Westfield Redevelopment Commission Agenda Packet 2026-07-27

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City of Westfield Redevelopment Commission Meeting Minutes 2026-04-20

AMENDED

City of Westfield city, IndianaApr 20, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Westfield city?

Lantern Commons Master Llc was awarded this government contract by City of Westfield city, as recorded on July 27, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Westfield Redevelopment Commission Agenda Packet 2026-07-27 (AgendaPacket), dated July 27, 2026 from City of Westfield city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lantern Commons Master Llc hold?

Lantern Commons Master Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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