FINANCIAL_SERVICESAMENDED

City Amends Settlement Deal With SVC Manufacturing

The Albany City Council amended its settlement agreement with SVC Manufacturing, Inc. to secure a share of proceeds from SVC’s future sale of its Albany property. Under the new terms, the City will receive half of any gross sales proceeds above $11 million, with a minimum payment of $5 million.

Status
AMENDED
Document date
August 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Svc Manufacturing Inc
Agency
City of Albany · OR

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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 type
FINANCIAL_SERVICES
Renewal
Existing settlement agreement was modified to adjust revenue-sharing terms tied to a future property sale; the amendment sets a floor and formula for City proceeds.
Document type
AgendaPacket
Source document
City of Albany Agenda Packet 2026-08-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Albany?

Svc Manufacturing Inc was awarded this financial services contract by City of Albany, as recorded on August 26, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Albany Agenda Packet 2026-08-26 (AgendaPacket), dated August 26, 2026 from City of Albany. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Svc Manufacturing Inc hold?

Svc Manufacturing Inc 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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