Glasgow City Council Agenda January 2026
Glasgow Plans $85M Bond Financing for Tate Access Floors
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Description
The City of Glasgow is considering a resolution to issue up to $85 million in taxable industrial building revenue bonds to finance an industrial building project that will be leased to Tate Access Floors, Inc. The action also contemplates approval of a lease and payment in lieu of taxes agreement, contingent on final state incentive approval.
Contract Details
Contract Amount
Not to exceed $85,000,000 (bond principal)
Vendor
TATE ACCESS FLOORS INC
Agency
Housing Authority of Glasgow, MT
Contract Type
FINANCIAL_SERVICES
Document Date
January 29, 2026
Renewal Info
Industrial building revenue bond financing structure with associated lease and payment in lieu of taxes agreement; term and renewal provisions will be defined in the final lease and bond documents.
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