FACILITIESONGOING

Millersport TIF Reimbursement Deal for Vantage Data Centers

The Village of Millersport entered into a Tax Increment Financing Agreement with Vantage Data Centers Management Company, LLC under which the Village will use TIF service payments to reimburse the company, up to a capped Maximum Reimbursement Amount, for eligible public infrastructure improvements supporting a new data center project. Reimbursements are drawn from a dedicated TIF Fund over the 30‑year exemption period, with a tiered sharing of service payments between the Village and the company and interest on certain unreimbursed water and wastewater costs.

Status
ONGOING
Document date
October 1, 2025
Contract type
FACILITIES
Vendor
Vantage Data Centers Management Company Llc
Agency
Performance Academy Eastland · OH

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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
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
Not to exceed the “Maximum Reimbursement Amount” equal to the total eligible Public Infrastructure Improvement costs detailed in Exhibit C, including up to $50,000,000 of unreimbursed water and wastewater costs accruing 3.63% non‑compounding interest after canal reconstruction repayment
Contract type
FACILITIES
Contract term
Commencing with first tax year after effective date of TIF Ordinance in which a DTE 24 exemption is claimed; TIF exemption up to 30 years per parcel; Agreement remains in effect until the later of final reimbursement to Company or last Service Payment
Renewal
TIF exemption and related reimbursement obligations run parcel‑by‑parcel for up to 30 years from each parcel’s Commencement Date or until the Village can no longer require service payments or all Public Infrastructure Improvement costs are paid. The Company may terminate the Agreement on 30 business days’ written notice, forfeiting reimbursements attributable to Service Payments for the next tax year and thereafter; statutory Service Payment obligations survive. Certified Statements for reimbursement must be submitted by December 31, 2042.
Document type
Agreement
Source document
Village of Millersport Tax Increment Financing Agreement 2025-10-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Performance Academy Eastland?

Vantage Data Centers Management Company Llc was awarded this facilities contract by Performance Academy Eastland, as recorded on October 1, 2025. The contract value is Not to exceed the “Maximum Reimbursement Amount” equal to the total eligible Public Infrastructure Improvement costs detailed in Exhibit C, including up to $50,000,000 of unreimbursed water and wastewater costs accruing 3.63% non‑compounding interest after canal reconstruction repayment.

How much is the Vantage Data Centers Management Company Llc contract with Performance Academy Eastland worth?

The Vantage Data Centers Management Company Llc contract with Performance Academy Eastland is valued at Not to exceed the “Maximum Reimbursement Amount” equal to the total eligible Public Infrastructure Improvement costs detailed in Exhibit C, including up to $50,000,000 of unreimbursed water and wastewater costs accruing 3.63% non‑compounding interest after canal reconstruction repayment, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Village of Millersport Tax Increment Financing Agreement 2025-10-01 (Agreement), dated October 1, 2025 from Performance Academy Eastland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vantage Data Centers Management Company Llc hold?

Vantage Data Centers Management Company 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.

View Vantage Data Centers Management Company Llc's profile

What is Performance Academy Eastland currently buying?

Explore Performance Academy Eastland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Performance Academy Eastland's profile

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