Noblesville Redevelopment Commission - 9/17/26

The City of Noblesville Redevelopment Commission held a meeting on September 17, 2026, where key procurement and financial matters were addressed. The commission approved claims for August 13, 2026, and moved forward with new business including the approval of Resolution 2026-07, which authorized a forgivable loan of up to $1 million funded by TIF (Tax Increment Financing) revenues to support the relocation and expansion of Biolife Solutions' manufacturing facility. This loan is contingent on job creation, investment, and operational milestones, with forgiveness expected by 2033. Additionally, the commission approved a lease agreement with Eastbank Partners for 11 parking stalls near Barley Island, where the tenant will invest approximately $24,000 in parking lot improvements in exchange for rent-free use for two years, with provisions for early termination if future development occurs. These actions reflect the commission's ongoing efforts to support economic development and infrastructure improvements in the area.