FINANCIAL_SERVICESAMENDED

COMPAK LLC Added as Enterprise Zone Agreement Party

Wooster is assigning its existing Enterprise Zone Agreement to COMPAK LLC as co‑Enterprise for the 1909 Old Mansfield Road facility, preserving a 75% property tax exemption through 2028. COMPAK LLC assumes job and payroll commitments while continuing warehousing and light assembly operations at the site.

Status
AMENDED
Document date
May 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Compak Llc
Agency
Town of Wooster · OH

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Tax exemption of 75% of real estate taxes for 10 years (no new monetary consideration stated for assignment)
Contract type
FINANCIAL_SERVICES
Contract term
Remainder of original 10‑year EZ term through December 31, 2028, with operations obligation through December 31, 2038
Renewal date
2028-12-31
Renewal
Assignment maintains the original EZ schedule: 10‑year, 75% real property tax abatement from tax year 2019 through December 31, 2028, with an obligation to maintain operations and job levels through December 31, 2038. Any further transfer or modification of the incentives requires Wooster City Council’s express written approval under ORC 5709.631(B)(10).
Document type
AgendaPacket
Source document
City of Wooster City Council Agenda Packet May 18 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Wooster?

Compak Llc was awarded this financial services contract by Town of Wooster, as recorded on May 16, 2026. The contract value is Tax exemption of 75% of real estate taxes for 10 years (no new monetary consideration stated for assignment).

How much is the Compak Llc contract with Town of Wooster worth?

The Compak Llc contract with Town of Wooster is valued at Tax exemption of 75% of real estate taxes for 10 years (no new monetary consideration stated for assignment), 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 City of Wooster City Council Agenda Packet May 18 2026 (AgendaPacket), dated May 16, 2026 from Town of Wooster. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Compak Llc hold?

Compak Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Wooster currently buying?

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

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