DDA Reviews Scannell Properties Tax Abatement Proposal
City of Forest ParkCity · Forest Park, GA- Disclosed value
- Not to exceed $23,000,000 in taxable lease purchase revenue bonds; approximately $987,669 estimated gross tax savings
- From agenda
- Document date
- Oct 22, 2026
- Term
- 10-year proposed tax abatement
The 30-second brief
The Forest Park Downtown Development Authority reviewed a proposed tax abatement and bond financing package for Scannell Properties' logistics development. The proposal contemplates up to $23 million in taxable lease purchase revenue bonds and a 10-year abatement, but the DDA took no action pending further legal review.
Scannell Properties holds this financial services contract with City of Forest Park. Its other public contracts on record include work for City of Chaska and City of Shoreview.
Term as filed: 10-year proposed tax abatement.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $23,000,000 in taxable lease purchase revenue bonds; approximately $987,669 estimated gross tax savings
- Document date
- October 22, 2026
- Term
- 10-year proposed tax abatement
- Vendor
- Scannell Properties
- Agency
- City of Forest Park
- Source document
- Downtown Development Authority of the City of Forest Park Agenda 2026-10-22 (Agenda)
Scannell Properties's other public contracts
More City of Forest Park contracts
Questions about this contract
Who was awarded the financial services contract by City of Forest Park?
Scannell Properties was awarded this financial services contract by City of Forest Park, as recorded on October 22, 2026. The contract value is Not to exceed $23,000,000 in taxable lease purchase revenue bonds; approximately $987,669 estimated gross tax savings.
How much is the Scannell Properties contract with City of Forest Park worth?
The Scannell Properties contract with City of Forest Park is valued at Not to exceed $23,000,000 in taxable lease purchase revenue bonds; approximately $987,669 estimated gross tax savings, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Downtown Development Authority of the City of Forest Park Agenda 2026-10-22 (Agenda), dated October 22, 2026 from City of Forest Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Scannell Properties hold?
Scannell Properties 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 City of Forest Park currently buying?
Explore City of Forest Park's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.