City of Westfield city Awards Financial Services Contract to Westfield Redevelopment Authority (August 2025)
City of Westfield cityCity · Westfield, IN- Disclosed value
- Maximum aggregate annual rental payments of $5,000,000; up to $33,345,000 in lease rental revenue bonds and up to $33,345,000 in bond anticipation notes
- From resolution
- Approved
- Aug 18, 2025
The 30-second brief
The Westfield Redevelopment Commission approved a long-term lease with the Westfield Redevelopment Authority to finance acquisition of approximately 48 acres in the South Development Area of the Grand Park District. The agreement supports issuance of up to $33,345,000 in lease rental revenue bonds and related BANs, with lease rentals capped at $5,000,000 annually for up to 25 years. Lease rentals will be paid from legally available city general revenues pledged to the Commission.
Westfield Redevelopment Authority holds this financial services contract with City of Westfield city. Its other public contracts on record include work for Hamilton County and City of Westfield.
Term as filed: Lease term beginning on the date the first series of Bonds (or, at the Commission’s option, BANs) are issued and ending not more than 25 years thereafter; rental payments payable semi‑annually.
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Contract details
- Contract type
- Financial Services
- Amount
- Maximum aggregate annual rental payments of $5,000,000; up to $33,345,000 in lease rental revenue bonds and up to $33,345,000 in bond anticipation notes
- Document date
- August 18, 2025
- Term
- Lease term beginning on the date the first series of Bonds (or, at the Commission’s option, BANs) are issued and ending not more than 25 years thereafter; rental payments payable semi‑annually
- Agency
- City of Westfield city
- Source document
- westfield-redevelopment-commission-resolution-36-2025_8cd.pdf (Resolution)
Westfield Redevelopment Authority's other public contracts
More City of Westfield city contracts
Questions about this contract
Who was awarded the financial services contract by City of Westfield city?
Westfield Redevelopment Authority was awarded this financial services contract by City of Westfield city, as recorded on August 18, 2025. The contract value is Maximum aggregate annual rental payments of $5,000,000; up to $33,345,000 in lease rental revenue bonds and up to $33,345,000 in bond anticipation notes.
How much is the Westfield Redevelopment Authority contract with City of Westfield city worth?
The Westfield Redevelopment Authority contract with City of Westfield city is valued at Maximum aggregate annual rental payments of $5,000,000; up to $33,345,000 in lease rental revenue bonds and up to $33,345,000 in bond anticipation notes, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in westfield-redevelopment-commission-resolution-36-2025_8cd.pdf (Resolution), dated August 18, 2025 from City of Westfield city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Westfield Redevelopment Authority hold?
Westfield Redevelopment Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Westfield city currently buying?
Explore City of Westfield city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.