City of Noblesville Finance Committee Agenda May 7 2026
City advances lease-financing with Noblesville Building Corporation
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Description
The City of Noblesville signaled its intent to proceed with lease-financing for a new public safety facility to be financed, constructed, and equipped by the Noblesville Building Corporation and leased back to the City under Indiana’s Leasing Act. While no dollar amount is set in this resolution, it initiates the building corporation lease structure that will support construction of the new police headquarters and related infrastructure. The agreement will be finalized in connection with a future bond or lease issuance.
Contract Details
Vendor
NOBLESVILLE BUILDING CORPORATION
Agency
City of Noblesville, IN
Contract Type
FACILITIES
Document Date
May 7, 2026
Contract Term
Lease term to match financing for public safety facility; maturity of related debt estimated not to exceed dates associated with future bond or lease financing
Renewal Info
Initial facility lease to be established in conjunction with future bond or lease issuance for the public safety facility; no renewals or extensions specified yet.
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