City of Goshen Awards Financial Services Contract to Cherry Creek Llc (August 2024)

The City of Goshen approved issuing up to $24 million in taxable economic development revenue bonds for the Cherry Creek housing project, with Cherry Creek, LLC as the developer. Bonds will be purchased by the Indiana Finance Authority and repaid via TIF revenues from the project, with a Minimum Taxpayer Agreement providing added security. The first series will be just under $11 million with infrastructure and mixed-use residential development as the scope.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $24,000,000 (first series just under $11,000,000)

Contract type

FINANCIAL_SERVICES

Contract term

Up to 20 years (residential TIF term); bond maturity not later than 25 years from date of issuance

Renewal date

2044-09-09

Renewal

Residential TIF term set at 20 years by state law; first series just under $11 million may be followed by additional series. Bond term not to exceed 25 years. Ordinance states any amendment to terms, interest, or maturity must be reapproved by Council. Minimum Taxpayer Agreement ensures repayment if TIF revenue is insufficient.

Document type

Minutes

Source document

city-of-goshen-common-council-meeting-minutes-august-26-2024_44f.pdf

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Other contracts from Cherry Creek Llc.

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City of Goshen Board of Public Works & Safety AgendaPacket 2026-08-06

AMENDED

City of Goshen, IndianaAug 6, 2026

City of Goshen Board of Public Works & Safety Agenda 2026-07-23

AMENDED

City of Goshen, IndianaJul 23, 2026

goshen_board_of_public_works_minutes_may_8_2025.pdf

APPROVED

City of Goshen, IndianaMay 8, 2025

goshen_plan_commission_agenda_february_20_2024.pdf

APPROVED

City of Goshen, IndianaFeb 20, 2024

goshen_plan_commission_minutes_january_2024.pdf

APPROVED

City of Goshen, IndianaJan 16, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Goshen?

Cherry Creek Llc was awarded this financial services contract by City of Goshen, as recorded on August 26, 2024. The contract value is Not to exceed $24,000,000 (first series just under $11,000,000).

How much is the Cherry Creek Llc contract with City of Goshen worth?

The Cherry Creek Llc contract with City of Goshen is valued at Not to exceed $24,000,000 (first series just under $11,000,000), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in city-of-goshen-common-council-meeting-minutes-august-26-2024_44f.pdf (Minutes), dated August 26, 2024 from City of Goshen. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cherry Creek Llc hold?

Cherry Creek 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.

View Cherry Creek Llc's profile

What is City of Goshen currently buying?

Explore City of Goshen's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Goshen's profile

City of Goshen Awards Financial Services Contract to Cherry Creek Llc (August 2024)

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by City of Goshen?

How much is the Cherry Creek Llc contract with City of Goshen worth?

What type of contract is this?

Where was this contract approved?

What other contracts does Cherry Creek Llc hold?

What is City of Goshen currently buying?

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