City of New Haven Agenda Packet 2026-05-19
City moves to issue $5M bonds for GLC project
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Description
The City of New Haven is authorizing up to $5,000,000 in taxable economic development revenue bonds, with proceeds loaned to GLC New Haven, LLC to finance public infrastructure for a 240-unit multifamily housing project. The bonds will mature within 25 years at an interest rate not to exceed 7% and will be payable solely from tax increment revenues in the designated allocation area.
Contract Details
Contract Amount
Not to exceed $5,000,000
Vendor
GLC NEW HAVEN LLC
Agency
New Haven-Adams Township Park And Recreation Board, IN
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Maturity not later than 25 years after date of issuance; interest rate not to exceed 7.00% per annum
Renewal Info
Single issuance of revenue bonds with maturity up to 25 years; no renewal provisions specified.
More from GLC NEW HAVEN LLC
Related Contracts
City of New Haven Common Council Regular Agenda May 2026
PENDINGNew Haven Economic Development Commission Meeting Minutes April 2026
APPROVEDCity of New Haven Economic Development Commission Agenda April 2026
APPROVEDIssuing Agency
New Haven-Adams Township Park And Recreation Board
Special District
New Haven, IN
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City of New Haven Board of Public Works & Safety Regular Agenda 2026-05-19
City of New Haven Board of Public Works & Safety Regular Agenda 2026-05-19
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