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

The Lebanon Common Council approved a Professional Fee Agreement with Patch Limp Farms LLC for the Lebanon Crossroads development. Patch Limp Farms LLC will indemnify the City for up to $150,000 in legal, financial advisory, and municipal advisory fees if negotiations terminate or the contemplated bond financing does not close, with fees otherwise paid from bond proceeds. The agreement also outlines future negotiation of an economic development agreement and related bond financing.

Scope & details

The full contract record, as filed.

Contract amount

Up to $150,000 for City Financial Advisor and City Bond Counsel if bonds do not close; professional fees otherwise paid from bond proceeds

Contract type

PROFESSIONAL_SERVICES

Contract term

Fee obligations tied to project milestones and bond closing as described in Exhibit A

Renewal

Single professional fee agreement tied to the Lebanon Crossroads development and related bond issuance, with no automatic renewals stated. Obligations continue through completion or termination of negotiations and, if applicable, through bond closing and payment of all professional fees.

Document type

Resolution

Source document

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

Related contracts

Other contracts from Patch Limp Farms Llc.

View all →

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

APPROVED

City of Lebanon, IndianaUp to $150,000 for City financial advisor and bond counsel fees; additional normal and customary professional fees at bond closingAug 10, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Patch Limp Farms Llc was awarded this professional 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 City Bond Counsel if bonds do not close; professional fees otherwise paid from bond proceeds.

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 City Bond Counsel if bonds do not close; professional fees otherwise paid from bond proceeds, covering professional services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lebanon Common Council Resolution 2026-40 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.

View Patch Limp Farms Llc's profile

What is City of Lebanon currently buying?

Explore City of Lebanon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Lebanon's profile