CONTRACTAPPROVED

City of Oak Ridge Awards Financial Services Contract to Project R50 (October 2025)

City of Oak Ridge
Approved
Oct 6, 2025
Term
15 years

The 30-second brief

What it covers

The Industrial Development Board approved a PILOT resolution for Project R50, granting a 50% tax abatement for 15 years under the City's PILOT Policy. The payment in lieu of tax transaction was unanimously authorized.

Who holds it

Project R50 holds this financial services contract with City of Oak Ridge. Its other public contracts on record include work for Oak Ridge City School District.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Financial Services
Document date
October 6, 2025
Term
15 years
Source document
industrial_development_board_minutes_october_2025.pdf (Minutes)

Project R50's other public contracts

More City of Oak Ridge contracts

Questions about this contract

Who was awarded the financial services contract by City of Oak Ridge?

Project R50 was awarded this financial services contract by City of Oak Ridge, as recorded on October 6, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in industrial_development_board_minutes_october_2025.pdf (Minutes), dated October 6, 2025 from City of Oak Ridge. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Project R50 hold?

Project R50 may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Oak Ridge currently buying?

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