CONTRACTPENDING

$2M sale and purchase agreement approved for Project Mountaintop

Oak Ridge City School District logoOak Ridge City School District
Disclosed value
$2,000,000.00
From agenda
Document date
Apr 7, 2025
Term
8 years

The 30-second brief

What it covers

The Industrial Development Board approves a purchase and sale agreement with Project Mountaintop for $2,000,000.00. The agreement includes a plan to construct a manufacturing facility. The PILOT Lease offers a 50% tax abatement over 8 years, requiring yearly performance standards related to job creation, wages, and investment.

Who holds it

Project Mountaintop holds this sale and purchase agreement contract with Oak Ridge City School District. Its other public contracts on record include work for Oak Ridge Housing Authority and Oak Ridge village.

What happens next

Term as filed: 8 years.

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Contract details

Contract type
Sale And Purchase Agreement
Amount
$2,000,000.00
Document date
April 7, 2025
Term
8 years
Source document
oak-ridge-city-school-district-agenda-2025-04-07_dff.pdf (Agenda)

Project Mountaintop's other public contracts

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Questions about this contract

Who was awarded the sale and purchase agreement contract by Oak Ridge City School District?

Project Mountaintop was awarded this sale and purchase agreement contract by Oak Ridge City School District, as recorded on April 7, 2025. The contract value is $2,000,000.00.

How much is the Project Mountaintop contract with Oak Ridge City School District worth?

The Project Mountaintop contract with Oak Ridge City School District is valued at $2,000,000.00, covering sale and purchase agreement work.

What type of contract is this?

This is a Sale And Purchase Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in oak-ridge-city-school-district-agenda-2025-04-07_dff.pdf (Agenda), dated April 7, 2025 from Oak Ridge City School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Project Mountaintop hold?

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

What is Oak Ridge City School District currently buying?

Explore Oak Ridge City School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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