FINANCIAL_SERVICESAPPROVED

Knox County Awards Financial Services Contract to Rolling Plains Solar Llc (November 2024)

Knox County, Texas approved a tax abatement agreement with Rolling Plains Solar, LLC providing up to ten years of county property tax abatement in exchange for annual PILOT payments tied to project capacity and long-term operation of a new solar facility. The project must reach commercial operations by December 31, 2028, with improvements remaining in place for at least 25 years after COD.

Status
APPROVED
Document date
November 18, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Rolling Plains Solar Llc
Agency
Knox County · TX

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Annual Payment in Lieu of Taxes equal to $2,136.00 multiplied by total Nameplate Capacity, but not less than $192,240.00 per year
Contract type
FINANCIAL_SERVICES
Contract term
Abatement period up to ten years; Improvements to remain in place at least 25 calendar years after COD; Project to achieve Commercial Operations on or before December 31, 2028
Renewal
Abatement period designated in Section IV(B) for up to ten years; after the abatement period, 100% of the certified appraised value of eligible property becomes fully taxable. No automatic renewal of the abatement term is described in the summary.
Document type
Agreement
Source document
Knox County Rolling Plains Solar LLC Tax Abatement Agreement Nov 2024

Related contracts

Other contracts from Rolling Plains Solar Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Knox County?

Rolling Plains Solar Llc was awarded this financial services contract by Knox County, as recorded on November 18, 2024. The contract value is Annual Payment in Lieu of Taxes equal to $2,136.00 multiplied by total Nameplate Capacity, but not less than $192,240.00 per year.

How much is the Rolling Plains Solar Llc contract with Knox County worth?

The Rolling Plains Solar Llc contract with Knox County is valued at Annual Payment in Lieu of Taxes equal to $2,136.00 multiplied by total Nameplate Capacity, but not less than $192,240.00 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 Knox County Rolling Plains Solar LLC Tax Abatement Agreement Nov 2024 (Agreement), dated November 18, 2024 from Knox County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rolling Plains Solar Llc hold?

Rolling Plains Solar 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.

View Rolling Plains Solar Llc's profile

What is Knox County currently buying?

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

View Knox County's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free