Sell 4 Free Real Estate
Wellness Center Clears Major Hurdle With Redevelopment Authority Approval
Plans for the new Regional Wellness Center moved a step closer to reality this week as the
Redevelopment Authority approved the financing structure needed to move the project
forward.
The members of the RDA elected to retain the same slate of officers for 2026. Kevin Manley will
remain as President, Roger Seger as Vice-President, and Tara Eckman as Secretary. The newly
approved board adopted Resolution RDA 2026-1 to approve the form of the Lease Agreement,
the Bonds, and the Indenture for the Regional Wellness Center.
City attorney Renee Kabrick explained that the Center will be financed in the same way as the
municipal pool, with a lease agreement between the Redevelopment Authority and the
Redevelopment Commission. Kabrick said that this method is “a legal structure that has been
established by the legislature of the state of Indiana…to allow cities and counties and towns to
proceed with the financing of projects without implications to their constitutional debt limit.”
In the first step of the process, the RDC passed a comparable resolution last week. Today’s
meeting of the RDA approved the lease agreement and the bonds, and a similar resolution will
be put before the Common Council at their next meeting. The Authority is in the process of
completing paperwork and selling bonds with Baker Tilly and the bond council. A maximum
amount of $34 million is reflected in the documents, although the project is not expected to be
bonded at that amount.
At the end of last week, the design team provided the first look at an electronic walkthrough of
the new facility. The hope is to have that completed within the next couple of weeks so that it
can be shared with the public.
For more information on these and other updates, visit jasperindiana.gov or JasperGov-Indiana
on Facebook.
- By Drew Hasselbring