FINANCIAL_SERVICESAPPROVED

Teays Valley Local Schools Awards Financial Services Contract to Core5 Industrial Partners Llc (July 2026)

Pickaway County, CORE5 Industrial Partners, and Teays Valley Local School District executed the Madison Township Project Compensation Agreement establishing PILOT payments, multi-year lump-sum contributions, and building-specific fees to compensate the district for CRA and TIF-related tax exemptions. CORE5 will also fund a $225,000 five-year payment, up to $30,000 in legal cost reimbursement, $600,000 in upfront building payments, and $10,000 annually for 15 years to the Ashville Food Pantry, all tied to the development of industrial buildings on the exempted property.

Status
APPROVED
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Core5 Industrial Partners Llc
Agency
Teays Valley Local Schools · OH

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Annual PILOT Payments; $225,000 over five years in $45,000 installments; one-time payment not to exceed $30,000 for legal and other fees; one-time upfront building payments totaling $600,000 (Building 1: $139,810; Building 2: $146,499; Building 3: $261,825; Building 4: $51,866); $10,000 per year for 15 years to Ashville Food Pantry
Contract type
FINANCIAL_SERVICES
Contract term
PILOT Payments for term of any CRA Exemption per Building; $225,000 paid over five years with final payment June 1, 2030; Ashville Food Pantry contributions annually from December 31, 2026 through December 31, 2041; Agreement term tied to CRA Exemption period for each portion of Exempted Property
Renewal
Agreement duration is coextensive with the CRA Exemption for each portion of the Exempted Property; PILOT and related compensation obligations continue while applicable CRA Exemptions remain in effect. Community Contributions to the Ashville Food Pantry are fixed for 15 years with no automatic renewal stated.
Document type
Agreement
Source document
Pickaway County, Ohio Agreement Madison Township Project Compensation Agreement 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Teays Valley Local Schools?

Core5 Industrial Partners Llc was awarded this financial services contract by Teays Valley Local Schools, as recorded on July 23, 2026. The contract value is Annual PILOT Payments; $225,000 over five years in $45,000 installments; one-time payment not to exceed $30,000 for legal and other fees; one-time upfront building payments totaling $600,000 (Building 1: $139,810; Building 2: $146,499; Building 3: $261,825; Building 4: $51,866); $10,000 per year for 15 years to Ashville Food Pantry.

How much is the Core5 Industrial Partners Llc contract with Teays Valley Local Schools worth?

The Core5 Industrial Partners Llc contract with Teays Valley Local Schools is valued at Annual PILOT Payments; $225,000 over five years in $45,000 installments; one-time payment not to exceed $30,000 for legal and other fees; one-time upfront building payments totaling $600,000 (Building 1: $139,810; Building 2: $146,499; Building 3: $261,825; Building 4: $51,866); $10,000 per year for 15 years to Ashville Food Pantry, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Pickaway County, Ohio Agreement Madison Township Project Compensation Agreement 2026-07-23 (Agreement), dated July 23, 2026 from Teays Valley Local Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Core5 Industrial Partners Llc hold?

Core5 Industrial Partners 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 Core5 Industrial Partners Llc's profile

What is Teays Valley Local Schools currently buying?

Explore Teays Valley Local Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Teays Valley Local Schools's profile

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