Commission approves waiver to preserve first-time-homebuyer grant for 542 W. High St.; claims and minutes also approved

The Lawrenceburg Redevelopment Commission on March 9 voted to approve a waiver that allows residents at 542 West High Street to refinance their mortgage while preserving a first-time-homebuyer grant, Executive Director Brian Msmore said during the meeting.

Msmore explained the waiver would permit the refinancing without changing the grant's three-year occupancy requirement; if the property is sold before the three-year period ends the grant would remain subject to the usual proportional repayment. "The time frame doesn't the three years don't change," Msmore said. The board moved, seconded and the motion carried.

Earlier in the meeting, finance staff reported the commission's balance as of March 2, 2026 (reported on the record by Kelly Hermish as "1,630,81085" in the packet). Commissioners accepted the financial report for review.

The commission also approved certified claims presented by staff; a motion to approve the claims was made and seconded and carried on the record.

Next steps: the waiver preserves the grant terms for the refinancing transaction; the commission did not record a roll-call vote tally for the waiver or claims on the audio record. Staff made scoring materials available for the 98 E. High St. RFP and asked commissioners to return completed score sheets at a Thursday work session when the RFP decision will be made.

Provenance: Waiver and motion recorded during new business discussion (topic introduced at SEG 081; motion and result at SEG 115). Claims motion recorded at SEG 2299.