Noblesville Redevelopment Commission - 11/12/26

The Noblesville Redevelopment Commission met on November 12, 2026. It approved the November 12 claims; a member asked about a previously authorized $500,000 disbursement, and staff said it had not yet been made. The commission received a TIF update, with no specific procurement action described in the transcript.

Staff presented the 2027 annual spending plan, which must be submitted to the Department of Local Government Finance by December 1. The plan estimates $38 million in property-tax revenue and includes debt service, potential roadwork and economic-development projects, incentives, and transfers among TIF areas. It identifies a $500,000 allowance for unplanned projects, as well as items including Fieldhouse payments, Mill Creek roadwork, and a forgivable loan for Kittles. The plan is a maximum spending framework, not spending approval; new requests would still require commission approval. Members also discussed professional-services projections and the lack of a set reserve target. No contract awards, bids, or vendor selections were identified. The commission approved the 2027 meeting schedule as amended.