Armstrong County Awards Financial Services Contract to Fge Goodnight I Llc (June 2022)

Armstrong County entered into a 5th Amended and Restated Tax Abatement Agreement with FGE Goodnight I, LLC granting 100% County property tax abatement on eligible wind energy improvements in Reinvestment Zone 7 for ten years per phase. In return, the company will make annual payments of $1,500 per megawatt of turbine capacity, with a minimum based on 25 megawatts, starting December 1, 2024.

Scope & details

The full contract record, as filed.

Contract amount

$1,500.00 per megawatt of Turbine Nameplate Capacity annually, with a minimum based on 25 megawatts (minimum $37,500 per year)

Contract type

FINANCIAL_SERVICES

Contract term

Ten full calendar years of tax abatement after each project phase is placed on the tax rolls; first annual payment due December 1, 2024

Renewal

This is the 5th amended and restated version of the tax abatement agreement, superseding all prior agreements for the project. The abatement for each project phase lasts ten full calendar years after that phase is placed on the tax rolls; after the abatement period, the property becomes fully taxable. The agreement may be further modified only by mutual written consent of the parties.

Document type

Agreement

Source document

Armstrong County Agreement 5th Amended and Restatement of Tax Abatement Agreement 2022-06-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Armstrong County?

Fge Goodnight I Llc was awarded this financial services contract by Armstrong County, as recorded on June 12, 2022. The contract value is $1,500.00 per megawatt of Turbine Nameplate Capacity annually, with a minimum based on 25 megawatts (minimum $37,500 per year).

How much is the Fge Goodnight I Llc contract with Armstrong County worth?

The Fge Goodnight I Llc contract with Armstrong County is valued at $1,500.00 per megawatt of Turbine Nameplate Capacity annually, with a minimum based on 25 megawatts (minimum $37,500 per year), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Armstrong County Agreement 5th Amended and Restatement of Tax Abatement Agreement 2022-06-12 (Agreement), dated June 12, 2022 from Armstrong County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fge Goodnight I Llc hold?

Fge Goodnight I Llc 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 Armstrong County currently buying?

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