2026 June 25 Lafayette Redevelopment Commission

The City of Lafayette Redevelopment Commission held a regular meeting on June 25, 2026, focusing on several procurement and redevelopment initiatives. Key procurement discussions included approval of change order number 10 for Atlas Excavating related to the Park East Boulevard project, amounting to $47,036.73. The Commission also considered and approved Resolution LRC 2026-11, which amends the economic development plan to include new projects such as the Lafayette Theater renovation and townhome development. Financing details were discussed, including a proposed $19.4 million project funded by a $15.5 million bond issue with tax increment financing (TIF) and property tax backup to secure favorable interest rates. The Commission approved Resolution LRC 2026-12, a reimbursement resolution related to bond proceeds. Additionally, Resolution LRC 2026-14 was approved, designating an economic revitalization area for tax abatement to support a $2.6 million investment by Span Concrete Structures LLC for a new facility. The meeting also covered compliance approvals for personal property abatements for Caterpillar and General Electric Aviation. Updates on affordable housing projects and infrastructure improvements, including a potential road project on South Street, were provided. Motions related to these procurement and financing matters were unanimously approved by the Commission.