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FINANCIAL_SERVICESPENDING

Tippecanoe County Council Meeting Agenda May 12 2026

County plans $500,000 note for Sustainea facility

Not to exceed $500,000Town of SheffieldSUSTAINEA BIOGLYCOLS LLCMay 9, 2026

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

Description

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.

Contract Details

Contract Amount

Not to exceed $500,000

Vendor

SUSTAINEA BIOGLYCOLS LLC

Agency

Town of Sheffield, IN

Contract Type

FINANCIAL_SERVICES

Document Date

May 9, 2026

Contract Term

Through no later than December 31, 2035; forgivable per Loan Agreement

Renewal Date

2035-12-31

Renewal Info

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.

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