CONTRACTAPPROVED

Frankfort Approves DataOne AI Factory Development Agreement

Disclosed value: $4.5 million payment; $1.8 million tax exemption; 50% real estate property tax reimbursement to the city; From minutes
Approved: Sep 28, 2026

What it covers

Frankfort's Common Council approved a Community Enhancement Agreement for DataOne's AI Factory project by a 5-2 vote. The agreement addresses a $4.5 million payment, a $1.8 million enterprise IT equipment tax exemption, and reimbursement of 50% of real estate property taxes to the city.

Who holds it

DATAONE holds this contract with City of Frankfort.

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Contract details

Amount: $4.5 million payment; $1.8 million tax exemption; 50% real estate property tax reimbursement to the city
Document date: September 28, 2026
Vendor: DATAONE
Agency: City of Frankfort
Source document: Common Council Minutes Special Meeting September 28, 2026 (Minutes)

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Questions about this contract

Who was awarded the government contract by City of Frankfort?

DATAONE was awarded this government contract by City of Frankfort, as recorded on September 28, 2026. The contract value is $4.5 million payment; $1.8 million tax exemption; 50% real estate property tax reimbursement to the city.

How much is the DATAONE contract with City of Frankfort worth?

The DATAONE contract with City of Frankfort is valued at $4.5 million payment; $1.8 million tax exemption; 50% real estate property tax reimbursement to the city.

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 Common Council Minutes Special Meeting September 28, 2026 (Minutes), dated September 28, 2026 from City of Frankfort. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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