Lebanon approves Medicine Foundry IDD agreement with IEDC | City of Lebanon | INDIANA ECONOMIC DEVELOPMENT CORPORATION

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Up to 30 years corresponding to the Medicine Foundry Innovation Development District

Renewal

Agreement implemented under Indiana Code 36-7-32.5; provides for annual distributions of incremental property tax revenue, including a minimum 12% local share and potential additional distributions from the excess portion. Renewal or modification terms are contained in Exhibit D, not detailed in the resolution text.

Document type

Resolution

Source document

City of Lebanon Resolution Acknowledging the Designation of Certain Territory as an Allocation Area 2026-07-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Lebanon?

Indiana Economic Development Corporation was awarded this government contract by City of Lebanon, as recorded on July 1, 2026.

What type of contract is this?

This is a government contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Lebanon Resolution Acknowledging the Designation of Certain Territory as an Allocation Area 2026-07-01 (Resolution), dated July 1, 2026 from City of Lebanon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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