City of Noblesville Awards Financial Services Contract to Patch Development (July 2026)
City of NoblesvilleCity · Noblesville, IN- Disclosed value
- $1,000,000 forgivable loan (if conditions met) plus nine-year real property abatement and ten-year personal property abatement
- From agendapacket
- Approved
- Jul 16, 2026
- Renews
- Free account
The 30-second brief
The Noblesville Redevelopment Commission approved Resolution 2026-05, an Economic Development Agreement with Patch Development for the BioLife Solutions project in Washington Business Park. The incentive package includes real and personal property tax abatements and a $1 million forgivable loan contingent on job and investment commitments through 2033.
Patch Development holds this financial services contract with City of Noblesville. Its other public contracts on record include work for City of Fishers and Town of Franklin.
The renewal date is on record. A free account shows it, with the renewals for every City of Noblesville contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,000,000 forgivable loan (if conditions met) plus nine-year real property abatement and ten-year personal property abatement
- Document date
- July 16, 2026
- 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
- Renews
- Free account
- Vendor
- Patch Development
- Agency
- City of Noblesville
- Source document
- Noblesville Redevelopment Commission Agenda Packet 2026-07-16 (AgendaPacket)
Patch Development's other public contracts
More City of Noblesville contracts
Questions about this contract
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.
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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.
What is City of Noblesville currently buying?
Explore City of Noblesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.