Town of Ferdinand Agreement Ironwood Project Bond Indenture and Financing Agreement 2026-04-27
Council approves $2.9M TIF bond authorization
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Description
The Ferdinand Town Council adopted Ordinance 2026-08 authorizing issuance of a TIF bond for Progressive Investment Company, LLC not to exceed $2,900,000, with a maximum 20-year term and 5% interest rate to support development. The ordinance was approved by a unanimous 3-0 vote.
Contract Details
Contract Amount
Not to exceed $2,900,000
Vendor
PROGRESSIVE INVESTMENT COMPANY LLC
Agency
Town of Ferdinand, IN
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
Maximum term of 20 years
Renewal Info
Bond authorization under Ordinance 2026-08 with a maximum 20-year term and 5% interest; no renewal terms specified.
More from Town of Ferdinand
Ferdinand Plan Commission Agenda 2026-05-27
Ferdinand Board of Zoning Appeals Agenda 2026-05-27
Town of Ferdinand Agreement Ironwood Project Bond Indenture and Financing Agreement 2026-04-27
Town of Ferdinand Regular Meeting Minutes 2026-04-21
Town of Ferdinand Regular Meeting Minutes 2026-04-21
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