FINANCIAL_SERVICESAPPROVED

Town of Avon Awards Financial Services Contract to Lennar Homes of Indiana Llc (August 2026)

The Town of Avon Council approved Ordinance 2026-10 authorizing up to $5.35 million in Taxable Economic Development Revenue Bonds, Series 2026B, to be sold to Lennar Homes of Indiana, LLC for financing Phase II infrastructure improvements in the Avon Economic Development Area. The bonds will mature within 25 years and be repaid from TIF revenues in designated allocation areas at an interest rate not to exceed 8 percent.

Status
APPROVED
Document date
August 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lennar Homes of Indiana Llc
Agency
Town of Avon · IN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $5,350,000 (Series 2026B bond principal)
Contract type
FINANCIAL_SERVICES
Contract term
Maturing no later than 25 years from date of issuance; interest not to exceed 8% per annum; semiannual payments on March 1 and September 1
Renewal
Series 2026B bonds are subject to optional redemption beginning no later than eight years after issuance, at par plus accrued interest, and may be issued as term bonds with mandatory sinking fund redemption. The Town anticipates potential additional bonds for Phase III and for refunding or refinancing outstanding principal, subject to future actions.
Document type
AgendaPacket
Source document
Avon Town Council AgendaPacket August 13th, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Avon?

Lennar Homes of Indiana Llc was awarded this financial services contract by Town of Avon, as recorded on August 13, 2026. The contract value is Not to exceed $5,350,000 (Series 2026B bond principal).

How much is the Lennar Homes of Indiana Llc contract with Town of Avon worth?

The Lennar Homes of Indiana Llc contract with Town of Avon is valued at Not to exceed $5,350,000 (Series 2026B bond principal), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Avon Town Council AgendaPacket August 13th, 2026 (AgendaPacket), dated August 13, 2026 from Town of Avon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lennar Homes of Indiana Llc hold?

Lennar Homes of Indiana 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 Lennar Homes of Indiana Llc's profile

What is Town of Avon currently buying?

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

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