City of Noblesville Awards Financial Services Contract to Patch Development (July 2026)

Scope & details

The full contract record, as filed.

Contract amount

$1,000,000 forgivable loan (if conditions met) plus nine-year real property abatement and ten-year personal property abatement

Contract type

FINANCIAL_SERVICES

Contract term

Loan forgiveness conditions through January 1, 2033; capital investment completion by December 31, 2028; job and operations requirements tied to January 1, 2028–January 1, 2033

Renewal date

2033-01-01

Renewal

Forgivable loan contingent on meeting specified job and investment milestones by December 31, 2028, with operations and employment commitments maintained for five years beginning January 1, 2028; loan is forgiven January 1, 2033 if conditions are satisfied.

Document type

AgendaPacket

Source document

Noblesville Redevelopment Commission Agenda Packet 2026-07-16

Related contracts

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City of Fishers AgendaPacket City Council Meeting 2026-08-17

APPROVED

City of Fishers, IndianaAug 17, 2026

Noblesville Redevelopment Authority Meeting Agenda March 2026

PENDING

City of Noblesville, IndianaMar 16, 2026

City of Franklin Economic Development Commission Minutes 2026-03-10

APPROVED

Town of Franklin, IndianaMar 10, 2026

board_of_public_works_and_safety_meeting_agenda_oc.pdf

approved

City of Noblesville, IndianaNAOct 21, 2025

board_of_public_works_and_safety_minutes_october_7.pdf

approved

Town of Noblesville, Indiana$1,500,000Oct 7, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

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

Patch Development was awarded this financial services contract by City of Noblesville, as recorded on July 16, 2026. The contract value is $1,000,000 forgivable loan (if conditions met) plus nine-year real property abatement and ten-year personal property abatement.

How much is the Patch Development contract with City of Noblesville worth?

The Patch Development contract with City of Noblesville is valued at $1,000,000 forgivable loan (if conditions met) plus nine-year real property abatement and ten-year personal property abatement, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Noblesville Redevelopment Commission Agenda Packet 2026-07-16 (AgendaPacket), dated July 16, 2026 from City of Noblesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Patch Development hold?

Patch Development 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 Development's profile

What is City of Noblesville currently buying?

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

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