# 2026 11 10 Redevelopment Authority Meeting


**Body:** CityOfElkhartIN
**Date:** November 13, 2026
**Jurisdiction:** SLED

**Tags:** Construction & Infrastructure, Physical Infrastructure


The Elkhart Redevelopment Authority meeting, identified by the title as November 10, 2026, considered a lease agreement and financing for a city project. Staff presented a plan for up to $45 million in lease rental revenue bonds, with a maximum 20-year term and interest rate of 7%. The lease would cover specified roads and streets and cap annual rental payments at $6 million; the city estimated payments of approximately $3.72 million annually. The city plans to use Tax Increment Financing (TIF) revenues, including revenues from the Aeroplex, Tech Park, and Casopoulos districts, for repayment, and stated that the plan would not affect the general tax rate. The presentation also discussed expected issuance costs, including municipal-adviser, legal, bond-rating, and underwriting fees; Baker Tilly and Barnes & Thornburg were mentioned in those roles, but no vendor award was made.

The Authority approved the resolution authorizing the bond issuance and lease terms by motion and vote. Members clarified that the Authority’s action approves the form of the documents; final decisions on the project, bond issuance, and lease authorization rest with the City Council. Staff said the matter would next go to the City Council for final approval.

**Source:** CityOfElkhartIN