CONTRACTTABLED

Council Tables $13.5M IRB for Saputo Cheese

Disclosed value: Principal amount not to exceed $13,500,000; From minutes
Document date: May 3, 2021

What it covers

The City considered Ordinance No. 2966 to issue up to $13.5 million in taxable industrial revenue bonds for SAPUTO Cheese USA to finance equipment for a plant expansion, along with related lease and purchase and bond agreements. The Council ultimately voted to table the ordinance indefinitely, delaying the bond financing.

Who holds it

Saputo Cheese USA holds this financial services contract with City of Las Cruces. Its other public contracts on record include work for City of Franklin.

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Contract details

Contract type: Financial Services
Amount: Principal amount not to exceed $13,500,000
Document date: May 3, 2021
Vendor: Saputo Cheese USA
Agency: City of Las Cruces
Source document: city_council_minutes_may_3_2021.pdf (Minutes)

Saputo Cheese USA's other public contracts

City of Franklin, PennsylvaniaSaputo Cheese USA Site Plan Amendment Approved · Oct 17, 2024Undisclosed City of Franklin, MissouriSaputo offers $50,000 in exchange of name recognition at Kayla Playground · Jul 16, 2024$50K City of Franklin, PennsylvaniaSaputo Cheese Sponsors Playground Floor Replacement · Jul 16, 2024Undisclosed City of Franklin, PennsylvaniaSaputo Cheese USA, Inc. Development Agreement approved · Feb 20, 2023Undisclosed City of Franklin, Pennsylvaniafranklin-agenda-2023-01-05_bf4.pdf · Jan 5, 2023Undisclosed All Saputo Cheese USA contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Las Cruces?

Saputo Cheese USA was awarded this financial services contract by City of Las Cruces, as recorded on May 3, 2021. The contract value is Principal amount not to exceed $13,500,000.

How much is the Saputo Cheese USA contract with City of Las Cruces worth?

The Saputo Cheese USA contract with City of Las Cruces is valued at Principal amount not to exceed $13,500,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_council_minutes_may_3_2021.pdf (Minutes), dated May 3, 2021 from City of Las Cruces. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Saputo Cheese USA hold?

Saputo Cheese USA 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 Las Cruces currently buying?

Explore City of Las Cruces's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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