Ascension Parish School District Awards Financial Services Contract to BASF (January 2020)
Ascension Parish School DistrictSchool · Donaldsonville, LA- Disclosed value
- Industrial Tax Exemption of 80% of Ascension Parish ad valorem taxes for five years, renewable for an additional five years; $803,100,000 in capital expenditures; 22 new jobs; $2,323,200 annual payroll
- From resolution
- Approved
- Jan 21, 2020
The 30-second brief
The Ascension Parish School Board approved BASF’s participation in Louisiana’s Industrial Tax Exemption Program for its Geismar manufacturing plant, granting an 80% exemption on Ascension Parish ad valorem taxes for an initial five-year term, renewable for another five years. The incentive is tied to 22 new jobs, $2,323,200 in annual payroll, and $803.1 million in capital expenditures, with performance-based default provisions.
BASF holds this financial services contract with Ascension Parish School District. Its other public contracts on record include work for City of Lake Jackson and Dickinson Independent School District.
Term as filed: Initial 5-year Industrial Tax Exemption term, renewable for an additional 5-year term.
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Contract details
- Contract type
- Financial Services
- Amount
- Industrial Tax Exemption of 80% of Ascension Parish ad valorem taxes for five years, renewable for an additional five years; $803,100,000 in capital expenditures; 22 new jobs; $2,323,200 annual payroll
- Document date
- January 21, 2020
- Term
- Initial 5-year Industrial Tax Exemption term, renewable for an additional 5-year term
- Vendor
- BASF
- Source document
- ascension-parish-school-districtresolution2020-01-21_477.pdf (Resolution)
BASF's other public contracts
More Ascension Parish School District contracts
Questions about this contract
Who was awarded the financial services contract by Ascension Parish School District?
BASF was awarded this financial services contract by Ascension Parish School District, as recorded on January 21, 2020. The contract value is Industrial Tax Exemption of 80% of Ascension Parish ad valorem taxes for five years, renewable for an additional five years; $803,100,000 in capital expenditures; 22 new jobs; $2,323,200 annual payroll.
How much is the BASF contract with Ascension Parish School District worth?
The BASF contract with Ascension Parish School District is valued at Industrial Tax Exemption of 80% of Ascension Parish ad valorem taxes for five years, renewable for an additional five years; $803,100,000 in capital expenditures; 22 new jobs; $2,323,200 annual payroll, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in ascension-parish-school-districtresolution2020-01-21_477.pdf (Resolution), dated January 21, 2020 from Ascension Parish School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does BASF hold?
BASF 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 Ascension Parish School District currently buying?
Explore Ascension Parish School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.