Derby Approves ACE Business Park Lot Sale Incentives

Derby approved a contract framework to sell a West End Business Park lot to Aircraft & Commercial Enterprises, Inc. for $29,545.60 and authorized proposed industrial revenue bond incentives, including a 95% property tax abatement and 100% construction-materials sales tax exemption.

Document date · September 22, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$29,545.60

Contract type

OTHER

Contract term

10-year property tax abatement; building construction required within 24 months and business operation for 5 years following construction

Renewal date

2036-09-22

Renewal

A future PILOT or performance agreement will establish continuing incentive conditions. The 10-year abatement includes a five-year compliance review, and incentives may end early if conditions are not met.

Document type

Minutes

Source document

City of Derby Minutes City Council Meeting September 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Derby?

Aircraft & Commercial Enterprises Inc was awarded this government contract by City of Derby, as recorded on September 22, 2026. The contract value is $29,545.60.

How much is the Aircraft & Commercial Enterprises Inc contract with City of Derby worth?

The Aircraft & Commercial Enterprises Inc contract with City of Derby is valued at $29,545.60.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Derby Minutes City Council Meeting September 22, 2026 (Minutes), dated September 22, 2026 from City of Derby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Aircraft & Commercial Enterprises Inc hold?

Aircraft & Commercial Enterprises 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.

View Aircraft & Commercial Enterprises Inc's profile

What is City of Derby currently buying?

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