The Logansport Redevelopment Commission approved $66,000 in funding for HWC Engineering to begin work on the Riverfront Area at 916 Ray Street under Resolution 2026-340. Chair (S6) moved the resolution; the breakdown recorded in the meeting was up to $33,000 from the consolidated TIF fund (413/4449), up to $21,780 from the Industrial Park TIF (408/4448) and up to $11,220 from the downtown TIF fund (409/4445). The motion passed by voice vote.
Staff (S2) told commissioners that geotechnical work was estimated at 15–20 borings and that the $25,000 figure for borings was a vendor guesstimate because exact placement was not yet determined. Commissioners pressed for more detailed invoicing before dispersal and noted past projects where unexpected subsurface conditions increased costs. S6 moved approval with the stated funding breakdown; S3 and others discussed the need to limit lump-sum commitments and require itemized invoices before payment.
S6 summarized the purpose when moving the motion: "It's a funding, of HWC Engineering for work dealing with the development of the 916 Ray Street known as the Riverfront Area." The commission approved the resolution; staff will seek more detailed scopes and invoices before final disbursement.