FINANCIAL_SERVICESPENDING

County plans $500,000 note for Sustainea facility

Tippecanoe County Council is considering Ordinance 2026-13-CL to fund a Taxable Economic Development Revenue Note up to $500,000 as a forgivable loan to Sustainea Bioglycols, LLC for construction of a new bio-based manufacturing facility in Lafayette. The note, maturing no later than December 31, 2035, will be funded from TIF revenues and will bear no interest, with repayment forgiven upon meeting specified conditions.

Status
PENDING
Document date
May 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Sustainea Bioglycols Llc
Agency
Town of Sheffield · IN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $500,000
Contract type
FINANCIAL_SERVICES
Contract term
Through no later than December 31, 2035; forgivable per Loan Agreement
Renewal date
2035-12-31
Renewal
Series 2026 Note matures no later than 2035-12-31 and may be forgiven if the Condition to Forgiveness in the Loan Agreement is satisfied; no interest accrues and no renewal provisions are described.
Document type
Agenda
Source document
Tippecanoe County Council Meeting Agenda May 12 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Sheffield?

Sustainea Bioglycols Llc was awarded this financial services contract by Town of Sheffield, as recorded on May 9, 2026. The contract value is Not to exceed $500,000.

How much is the Sustainea Bioglycols Llc contract with Town of Sheffield worth?

The Sustainea Bioglycols Llc contract with Town of Sheffield is valued at Not to exceed $500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Tippecanoe County Council Meeting Agenda May 12 2026 (Agenda), dated May 9, 2026 from Town of Sheffield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sustainea Bioglycols Llc hold?

Sustainea Bioglycols Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Sheffield currently buying?

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