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Oakwood Approves Tax Break for Federal Metal Expansion

Oakwood village
Disclosed value
$4,000,000.00
From agenda
Document date
Nov 28, 2023
Term
15 years

The 30-second brief

What it covers

Village of Oakwood approves a 90% Community Reinvestment Area (CRA) tax exemption for Federal Metal Co., investing $4,000,000.00 to expand facilities, fostering job creation and economic growth in the area.

Who holds it

Federal Metal holds this tax exemption contract with Oakwood village. Its other public contracts on record include work for Osgood village.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Tax Exemption
Amount
$4,000,000.00
Document date
November 28, 2023
Term
15 years
Vendor
Federal Metal
Agency
Oakwood village
Source document
oakwood-village-agenda-2023-11-28_ca8.pdf (Agenda)

Federal Metal's other public contracts

Oakwood village, OhioFederal Metal Co gets tax exemption · Dec 28, 2023UndisclosedOakwood village, Ohiooakwood-agenda-2023-12-22-pdf_3b7.pdf · Dec 22, 2023UndisclosedOakwood village, OhioOakwood helps Metal company Expand with Tax Break · Dec 22, 2023$4MOakwood village, OhioOakwood approves job growth with Federal Metal Co. · Dec 22, 2023$8MOsgood village, OhioJob Creation Tax Credit Agreement with Federal Metal · Dec 22, 2023UndisclosedAll Federal Metal contractsVendor profile

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Questions about this contract

Who was awarded the tax exemption contract by Oakwood village?

Federal Metal was awarded this tax exemption contract by Oakwood village, as recorded on November 28, 2023. The contract value is $4,000,000.00.

How much is the Federal Metal contract with Oakwood village worth?

The Federal Metal contract with Oakwood village is valued at $4,000,000.00, covering tax exemption work.

What type of contract is this?

This is a Tax Exemption contract, documented as a agenda record.

Where was this contract approved?

This contract appears in oakwood-village-agenda-2023-11-28_ca8.pdf (Agenda), dated November 28, 2023 from Oakwood village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Federal Metal hold?

Federal Metal 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 Oakwood village currently buying?

Explore Oakwood village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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