Delaware City Schools Board of Education Regular Meeting Agenda May 2026
Board approves CRA compensation agreement with PPG
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Description
Delaware City Schools approved a compensation agreement with PPG Industries Ohio, Inc. and the City of Delaware tied to a Community Reinvestment Area for PPG’s planned $280 million expansion. The pact provides a 15-year, 100% tax abatement with a 30% payment in lieu of taxes to support the district.
Contract Details
Vendor
PPG INDUSTRIES OHIO INC
Agency
Delaware City Schools, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
15-year CRA abatement with 30% PILOT (per discussion)
Renewal Date
2041-12-31
Renewal Info
Compensation agreement terms are fixed for the 15-year abatement period associated with the CRA; future amendments would require additional Board action.
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