Taxpayers of the Goshen Redevelopment District (“District”), the boundaries of which are coterminous with the boundaries of the City of Goshen, Indiana (“City”), are hereby notified that the Goshen Redevelopment Commission (“Commission”) did, on February 11, 2025, adopt a resolution determining to issue bonds of the Commission (“Bond Resolution”), acting in the name of the City, in an aggregate principal amount not to exceed Eleven Million Eight HundredSixty Thousand Dollars ($11,860,000), to pay the cost of construction of a fire station in, serving or benefiting the Southeast Economic Development Area, incidental expenses incurred in connection therewith and costs associated with the issuance of the bonds, funding a debt service reserve or a debt service reserve surety. The bonds are payable from Tax Increment, on a parity with the Outstanding Obligations (each as defined in the Bond Resolution) and, to the extent Tax Increment is not sufficient, from a special benefits tax levied on all taxable property in the District. The bonds are to bear interest at a rate not to exceed 8% per annum, and will mature semiannually on January 1 and July 1 over a period ending no later than January 1, 2042.
Dated February 15 and February 22, 2025.
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