City Approves Incentive Grant for Barkman Honey Expansion
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Description
The City of Newton approved an economic development grant agreement and ordinance with Barkman Honey, LLC, authorizing periodic property tax rebate payments for improvement and continued operation of its manufacturing facility. The three-year incentive, capped at $15,500, is paid from city tax funds and subject to performance terms.
Contract Details
Contract Amount
Not to exceed $15,500 total
Vendor
BARKMAN HONEY LLC
Agency
Town of Newton, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Three years (2026-2028 tax years), payments based on property's city share of taxes, structured at 75% (Year 1), 50% (Year 2), 25% (Year 3)
Renewal Date
2029-05-26
Renewal Info
No automatic renewal; agreement runs for three years, subject to City’s continuation of operations and legal compliance.
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