Commission approves claims, adopts Resolution 2026-01 finding no excess assessed value

At its June 1 meeting the Town of Sellersburg Redevelopment Commission approved claims across the TIFF/TIF and seed-fund accounts, adopted Resolution 2026-01 regarding excess assessed value, and heard fund-balance and appropriation reports.

A staff presenter reported the TIFF fund balance (reported in the meeting as "2,324,4243 cents" in the transcript; reported here corrected as $2,324,424.43 for clarity) and explained that appropriation balances are smaller because bond payments and planned appropriations will be deducted when paid. The commission noted a TIFF appropriation balance (4550) of $281,194.75 and a professional-services appropriation (432) with $58,886.64 remaining.

The claims register for this meeting included line items that together were motioned and approved by a unanimous vote; the meeting specifically referenced claims of $13,377.50, $8,254.17 and $2,243.50 as part of the register and the commission approved payment.

On Resolution 2026-01 staff explained the annual requirement to determine whether excess assessed value in the allocation area should be distributed to overlapping taxing units. The commission determined there was no excess assessed value for the 2026 taxes payable 2027 reporting requirement and voted to send the required notice to overlapping taxing units to meet the June 15 deadline.