City of Wooster City Council Agenda Packet May 18 2026
COMPAK LLC Added as Enterprise Zone Agreement Party
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Description
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.
Contract Details
Contract Amount
Tax exemption of 75% of real estate taxes for 10 years (no new monetary consideration stated for assignment)
Vendor
COMPAK LLC
Agency
Town of Wooster, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 16, 2026
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 Info
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).
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City of Wooster Agenda Packet 2026-05-18
AMENDEDCity of Wooster Council Meeting Agenda March 16, 2026
APPROVEDCity Council Meeting Agenda March 2, 2026
APPROVEDWooster City Council Minutes March 2026
PENDINGWooster City Council Minutes February 17, 2026
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