FINANCIAL_SERVICESAPPROVED

City of Temple Awards Financial Services Contract to East Penn Manufacturing Co (April 2026)

Temple City Council approved a Tax Abatement Agreement with East Penn Manufacturing Co. for an expansion at 5101 Wendland Road, offering a 50% abatement on increased property value over five years. The project represents about $110 million in investment and 48 new full-time jobs.

Status
APPROVED
Document date
April 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
East Penn Manufacturing Co
Agency
City of Temple · TX

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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 type
FINANCIAL_SERVICES
Contract term
Five-year tax abatement period for 50% of increased real and personal property value (per staff description)
Renewal
Agreement provides a 50% tax abatement on increased real and personal property improvements for five years, contingent on investment and job creation; any extension would require new Council approval.
Document type
AgendaPacket
Source document
City of Temple Regular Meeting Agenda Packet April 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 City of Temple?

East Penn Manufacturing Co was awarded this financial services contract by City of Temple, as recorded on April 2, 2026.

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 Temple Regular Meeting Agenda Packet April 2026 (AgendaPacket), dated April 2, 2026 from City of Temple. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does East Penn Manufacturing Co hold?

East Penn Manufacturing Co 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 East Penn Manufacturing Co's profile

What is City of Temple currently buying?

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

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