City of Fort Worth city Awards $100,000,000 Tax Abatement Agreement Contract to Mp Magnetics (January 2022)
City of Fort Worth cityCity · TX- Disclosed value
- $100,000,000.00
- From minutes
- Approved
- Jan 25, 2022
- Term
- 7 years
The 30-second brief
Fort Worth approves seven-year tax abatement agreement with MP Magnetics LLC. For the development of a 200,000 square foot corporate office and manufacturing facility.
Mp Magnetics holds this tax abatement agreement contract with City of Fort Worth city.
Term as filed: 7 years.
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Contract details
- Contract type
- Tax Abatement Agreement
- Amount
- $100,000,000.00
- Document date
- January 25, 2022
- Term
- 7 years
- Vendor
- Mp Magnetics
- Agency
- City of Fort Worth city
- Source document
- city_council_meeting_minutes_january_25_2022.pdf (Minutes)
Mp Magnetics's other public contracts
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Questions about this contract
Who was awarded the tax abatement agreement contract by City of Fort Worth city?
Mp Magnetics was awarded this tax abatement agreement contract by City of Fort Worth city, as recorded on January 25, 2022. The contract value is $100,000,000.00.
How much is the Mp Magnetics contract with City of Fort Worth city worth?
The Mp Magnetics contract with City of Fort Worth city is valued at $100,000,000.00, covering tax abatement agreement work.
What type of contract is this?
This is a Tax Abatement Agreement contract, documented as a minutes record.
Where was this contract approved?
This contract appears in city_council_meeting_minutes_january_25_2022.pdf (Minutes), dated January 25, 2022 from City of Fort Worth city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mp Magnetics hold?
Mp Magnetics 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 City of Fort Worth city currently buying?
Explore City of Fort Worth city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.