County finances new headquarters for BSI expansion

Allegany County entered an owner-financed lease‑to‑purchase arrangement with Berkeley Springs Instruments LLC to construct a $3.2 million headquarters in the County’s industrial park. BSI contributes 10% of construction costs and plans to purchase the building outright after leasing, fully reimbursing the County while expanding high-tech manufacturing jobs.

Scope & details

The full contract record, as filed.

Contract amount

$3,200,000 building cost (10% BSI contribution; 90% County-financed)

Contract type

FACILITIES

Contract term

Lease-to-purchase; BSI plans to buy outright before end of lease-to-purchase term (exact dates not stated)

Renewal

MOU included a $40,000 land payment and 10% construction cost share from BSI; County finances remaining 90% under a lease‑to‑purchase structure with an option for BSI to buy the building without penalty before the end of the lease term. No explicit renewal terms provided.

Document type

Agenda

Source document

Allegany County Public Business Meeting Agenda May 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Mccoole Special Taxing Area?

Berkeley Springs Instruments Llc (bsi) was awarded this facilities contract by Mccoole Special Taxing Area, as recorded on May 25, 2023. The contract value is $3,200,000 building cost (10% BSI contribution; 90% County-financed).

How much is the Berkeley Springs Instruments Llc (bsi) contract with Mccoole Special Taxing Area worth?

The Berkeley Springs Instruments Llc (bsi) contract with Mccoole Special Taxing Area is valued at $3,200,000 building cost (10% BSI contribution; 90% County-financed), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Allegany County Public Business Meeting Agenda May 2023 (Agenda), dated May 25, 2023 from Mccoole Special Taxing Area. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Berkeley Springs Instruments Llc (bsi) hold?

Berkeley Springs Instruments Llc (bsi) 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 Berkeley Springs Instruments Llc (bsi)'s profile

What is Mccoole Special Taxing Area currently buying?

Explore Mccoole Special Taxing Area's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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