City of Lebanon Awards Financial Services Contract to Patch Limp Farms Llc (August 2026)

The Lebanon Redevelopment Commission approved a Professional Fee Agreement with Patch Limp Farms LLC under which the developer will cover up to $150,000 in City financial advisor and bond counsel fees and other professional costs tied to the Lebanon Crossroads TIF bond financing if the project does not close. The agreement structures fee payments in stages aligned with key bond and redevelopment approvals, with remaining fees paid from bond proceeds at closing.

Scope & details

The full contract record, as filed.

Contract amount

Up to $150,000 for City financial advisor and bond counsel fees; additional normal and customary professional fees at bond closing

Contract type

FINANCIAL_SERVICES

Contract term

From execution in August 2026 through completion or termination of Lebanon Crossroads development and related bond financing steps

Renewal

Single professional fee and indemnification agreement tied to the Lebanon Crossroads development and 2026 TIF bond process; no automatic renewals stated. Obligations end upon bond closing and payment from proceeds or upon developer’s payment of accrued fees if bonds do not close.

Document type

Resolution

Source document

Lebanon Redevelopment Commission Resolution 2026-03 2026-08-10

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City of Lebanon Common Council Resolution 2026-40 2026-08-10

APPROVED

City of Lebanon, IndianaUp to $150,000 for City Financial Advisor and City Bond Counsel if bonds do not close; professional fees otherwise paid from bond proceedsAug 10, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lebanon?

Patch Limp Farms Llc was awarded this financial services contract by City of Lebanon, as recorded on August 10, 2026. The contract value is Up to $150,000 for City financial advisor and bond counsel fees; additional normal and customary professional fees at bond closing.

How much is the Patch Limp Farms Llc contract with City of Lebanon worth?

The Patch Limp Farms Llc contract with City of Lebanon is valued at Up to $150,000 for City financial advisor and bond counsel fees; additional normal and customary professional fees at bond closing, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Lebanon Redevelopment Commission Resolution 2026-03 2026-08-10 (Resolution), dated August 10, 2026 from City of Lebanon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Patch Limp Farms Llc hold?

Patch Limp Farms 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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